Restaurant point-of-sale software
Restaurants are fully open again. During Covid-19 food delivery was a lifeline to struggling restaurants. This year, though, food delivery is in decline. In response, restaurant owners and operators are focusing on tech solutions like point-of-sale (POS) software that help them make better business decisions, increase sales and improve customer experience.
There are roughly 75 and up POS startups globally, the combined enterprise value of which is $29.8B. Between 2019 and 2020 the combined enterprise value of this category tripled, which makes sense as restaurants rushed to offer fully digital and contactless experiences.
There are still 2 weeks to go, but the first half of 2022 is expected to be a record-breaking half-year with $482M of VC investment in foodtech POS startups. Noted however, 2 mega-rounds made most of the total – SpotOn with $300M Series F and Foodics with $170M Series C. But there is massive potential ahead for untapped users, as the sector’s leading Toast counts only 6% of the 870K restaurants in the USA as clients.
On Dealroom.co, we’ve mapped 75+ foodtech POS startups that are providing restaurants management solutions through accessible software. Discover these companies and click the button below. 👇