QSR Automations, a Lousville, KY-based company providing restaurant technology solutions, received a majority investment from Battery Ventures.
The amount of the deal was not disclosed.
This company intends to use the funds to accelerate growth, enhance innovation, and expande its market reach.
Founded in 1996, QSR Automationsis provides kitchen automation solutions and guest management services. Restaurant operators use its signature platform, ConnectSmartĀ®, to to create customized solutions and improve the guest experience. It is used in 21 of the nation’s top 25 casual dining chains.
Alongside the new investment, the company announced that Battery Executive-in-Residence Robbie Payne, a longtime software-industry executive, will become the company’s new CEO.Ā Angela Leet, who has served as CEO of the company since 2021, will remain involved with the company as a board member.
The company, which also has offices in theĀ United Kingdom, will continue to operate under its existing brand, with no immediate changes to its day-to-day operations.
FinSMEs
06/11/2024