TL;DR
Omnivore, a point-of-sale connectivity platform, raises $10 million in Series A investment to accelerate development and growth of its products. The investment is led by The Coca-Cola Company and Performance Food Group, with additional funds from Jeff Vinik.
Omnivore, a platform “enabling third-party technologies to integrate with restaurants’ POS systems” announced a Series A investment of $10 million, according to Fast Casual. The article cited a company press release naming the Coca-Cola Company and Performance Food Group as lead investors, “with additional funds coming from Tampa Bay Lightning owner, Jeff Vinik.”
According to Omnivore CEO Mike Wior in a press release quoted in the article, the $10 million will “accelerate the development and growth of proprietary Omnivore products that minimize friction for restaurant brands, third-party technologies, and POS companies.”
Wior also said: “We clearly understand that the growth in the restaurant and hospitality industry is pinned to consumer and staff expectations of technology and how they use it, very similar to what happened with the travel, lodging and retail industries,” according to the article.
“Data warehousing” and “central menu management” will complement Omnivore’s existing functionality, the article said.
In this story
This story was originally published in 1851 Franchise on January 9, 2019. Burnaze summarizes and links to the original reporting.
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