Starbucks has acquired an equity stake in the restaurant technology developer following a series B round that featured Starbucks franchisees Alshaya and Alsea.
US-based hospitality software and hardware developer BrightLoom received $30m on Monday in a series B round that included retail franchise operators Alshaya and Alsea, both of which are licensees for coffeehouse chain Starbucks.
The round was co-led by investment firm Tao Capital and private equity firm Valor Equity Partners, and Starbucks has acquired an equity stake in the business through the round.
Incubated by investment holding company The Production Board, BrightLoom has created software that helps restaurant operators manage payments…
