💰The Funding Letter #1418: May 16

Restaurant365, WEKA, Alkira, and more...

May 16, 2024

In partnership with

Good Morning! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City.

🤯 We have $973.2M in total funding today, read on to start prospecting these companies asap!

💥Did you hold off on outreach to last month’s funded companies?💥 We resurface all of last month’s funding announcements (April ’24) in our Thursday Monthly Refresh Dataset. Click here to get after them.

Hit the Gong 🎉

Source: @theangrysalesperson

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Daily Deals 💸

🌎 Americas

Restaurant365 is an enterprise management software for restaurants that provides accounting, inventory, scheduling, and payroll solutions, helping simplify the day-to-day management of operators and allowing users to control food costs and optimize labor. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $175M, Private Equity

Round Investors: ICONIQ Growth (lead), Kohlberg Kravis Roberts, L Catterton

🚀Growth Focus: Continue expanding its suite of products and customer base following the acquisition of ExpandShare, a training platform for restaurants; plan for future acquisitions.

HQ: Irvine, CA

Industry: Software Development

Employee Count: 2298 (⚡37% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring (tons of roles!)

WEKA has developed software-defined storage technology that delivers a cloud-native, software-based data platform for AI & next-generation workloads, enabling enterprises to build differentiated storage systems and convert data for revenue. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $140M, Series E

Round Investors: Valor Equity Partners (lead), Generation Investment Management, 10D, Ibex Investors

🚀Growth Focus: Increase its cash reserves; scale its business rapidly to meet global demand for AI-native data infrastructure to develop its data platform software; provide liquidity to employees.

HQ: Campbell, CA

Industry: Software Development

Employee Count: 401 (⚡10% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring (global remote roles!)

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