Dallas-area startup OneDine announced that it’s closed a $5 million Series A round, putting the tech startup at a pre-money valuation of $90 million. The lead investor is a private family trust with several supporting investors, including TMW Capital and Hidden Lake Asset Management of New York.
The new investment round will allow OneDine to further extend its reach in the restaurant market in the United States, where restaurant owners, franchises and franchisees have struggled to find a comprehensive and affordable all-in-one table side solution for ordering, secure payment, and guest intelligence. It is currently being implemented in various enterprise brands across the US with several more rolling out in the second quarter of 2020.
Hardware and software innovation is a key area of focus for OneDine. The funding will provide growth capital to drive further U.S. expansion and help address the growing needs of restaurant operators.
“As an investor, I look for companies which already have market demand. The restaurant industry and its customers are hungry (pun intended) for a more streamlined experience. OneDine delivers on that,” says Matt Silk, of TMW Capital. “Our investment in OneDine is based on its exceptional team and the fact that restaurants are on a waiting list to be able to implement the technology OneDine has to offer.”
OneDine is truly different than any other restaurant technology on the market:
- 360-solution for guests, servers, and management
- Seamless interface
- Eliminates credit card chargebacks
- Enables immediate Tableside ordering
- NO APP required to pay at the table for guests!
- Tableside EMV and PCI Compliance with P2P encryption
- Processor agnostic
- Reduced labor costs
- Real-time data and feedback
- Enhances marketing efforts
- Real-time table monitoring
- Personalized menu offerings
- Guest-led service
- Offers and promotions
It syncs effortlessly with existing restaurant POS systems to make onboarding fast and convenient. It allows restaurant leadership to quickly survey customers and gain data and real-time insights on operational improvement, menu modification and more.