Bite secures $9m funding for intelligent restaurant kiosks

Bite, a provider of intelligent kiosk solutions for restaurants, has secured $9 million in Series A funding.

Bite said it will use the proceeds of this funding round to fuel its growth while focusing on enterprise restaurant brands, emerging fast casual brands, and innovative c-stores.

The company says its ordering platform is already used in 1,100 restaurant locations.

The business will invest in scaling its technology solutions with its existing partners, as well as onboarding new clients in its pipeline, as many of its restaurant partners only use Bite in a portion of their locations.

Bite also said it will continue to invest in its technology, including its own AI solution which it dubs Bite Lift. Bite says this tool analyses orders in real time to offer personalised recommendations to drive higher average purchase sizes.

“Bite’s technology platform is a gamechanger for restaurants who are looking for ways to offset the significant cost pressures on their business, while elevating the in-restaurant experience in a way that engages guests more favorably and increases check sizes,” said Renny Smith, Managing Partner at Staley Capital. “Our focus is on partnering with growth-stage B2B technology companies that provide ‘better, faster, cheaper’ solutions with compelling value propositions, and Bite delivers on that in meaningful ways, allowing restaurants to work smarter and faster in servicing their guests.”

The funding round was led by Staley Capital, with participation from Graham Partners, Food-X, One Way Ventures, and Tamarisc Ventures.



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