Juicer, a San Francisco, CA-based company which specializes in restaurant revenue management and pricing solutions, raised $5.3M in Seed funding.
The round was led by York IE with participation from Augment Ventures and Mudita Venture Partners. Operators and investors such as Athletic Greens President Kat Cole, Kayak co-founder Paul English, 16 Handles founder Solomon Choi, former Postmates GM Andreas Lieber, ex-Two Roads Hospitality CEO Jamie Sabatier, Andy Phorzheimer, Kitchen Fund, and Branded Strategic also supported Juicer. Marshall Everson, Vice President of Investments & Strategy at York IE, who will also join JUICER’s board.
The company intends to use the funds to accelerate its development of the tools and data for restaurant operators.
Co-founded by Drew Patterson and Ashwin Kamlani, Juicer provides a solution for data-driven restaurant revenue management and competitive intelligence. By leveraging advanced AI and machine learning algorithms, the company enables restaurants to optimize prices while providing customers with clear, predictable pricing. This transparency allows consumers to make informed decisions, taking advantage of lower prices during off-peak periods.
JUICER Pricing is an algorithmic price optimization engine while JUICER Compete is an AI-driven competitive intelligence solution, which enables national brands and their franchisees to compare menu prices with local competitors and evaluate bundles and value meals in each market.
FinSMEs
09/04/2024