Upserve Partners with Vista Equity Partners for Strategic Investment
Upserve, a leading Restaurant Management Platform, announced a strategic investment and partnership with Vista Equity Partners (“Vista”), a leading investment firm. The partnership and capital will enable Upserve to accelerate its growth, grow its employee base, and further invest in delivering a seamless platform for restaurateurs.
Founded in 2009 and headquartered in Providence, Rhode Island, Upserve enables thousands of restaurants to unlock the power of their menu, staff, and guest habits through both integrated cloud-based point of sale, payments, analytics, as well as the Upserve Marketplace. Upserve’s rapid growth has established it as the clear leader in serving restaurateurs. Key metrics for Upserve’s platform include:
More than $11 billion in annual transaction volume
32 million active diners in the last 12 months
Over 23 million meals per month
Integrations with over 25 platform partners in the Upserve Marketplace
“Our goal is to deliver world-class solutions to help the restaurant industry, so restaurateurs can focus on providing great hospitality to their guests,” says Angus Davis, founder and CEO of Upserve. “Vista’s financial strength and extensive software and data experience make them the clear partner to help us realize our plans for growth and investments in our expanding product suite for restaurants.”
“Upserve’s market leadership, culture of innovation, and passion to help their customers succeed all combine to create a unique opportunity. We’re pleased to welcome Upserve into the Vista family,” says Alan Cline, principal at Vista Equity Partners and Co-Head of the Vista Foundation Fund. “We look forward to helping the Upserve team continue its exciting growth and expansion in the years to come.”
Existing Upserve investors ranging from Upserve’s very first investor, First Round Capital, to its most recent backer, Pritzker Group Venture Capital, were among those that participated in the financing.