QSR Automations Announces Major Growth Investment from Battery Ventures By Investing.com

The Revolution Represents a New Era of Innovation and Growth

LOUISVILLE, KY., Nov. 1, 2024 /PRNewswire/ — QSR Automations, a global leader in restaurant technology solutions, today announced a strategy, and increased investment from Battery Venturesa global, technology-focused investment firm. This investment represents a significant period QSR Automations’ history, positioning the company for rapid growth, enhanced innovation, and expanded market access.

Established in 1996, Default QSR he has been at the forefront of developing new technology solutions for the restaurant industry, including kitchen display systems (KDS), guest management software, table management, and digital recipe solutions. With nearly three decades of experience, the company has built a reputation for improving efficiency, enhancing the guest experience, and driving profitability for restaurant operators around the world. The company’s ConnectSmart technology is currently used in 21 of the 25 largest chains in the country, including The Cheesecake Factory (NASDAQ:) and Brinker International (NYSE:).

Along with new investments, Default QSR announced that the Battery Executive-in-Residence Robbie Paynea software-industry executive, will be the company’s new CEO. Angela Leetwho has served as the company’s CEO since 2021, will remain associated with the company as a board member.

“I am impressed with the business that Angela and her team have built Default QSRand how the company got into major restaurant accounts,” said Payne, who previously owned a battery-backed, smart-manufacturing solutions company, CAMBRIO, which was acquired by . in Sweden Sandvik AB three years ago. “We are happy to work with the team to help take over Default QSR to the next level and grow the business through this next phase of growth.”

Leet said: “It has been an honor to lead this company. But now, my team and I are incredibly happy. QSR Automations’ next chapter. Partnering with Battery allows us to refocus our product development efforts, expand our market reach, and continue to deliver exceptional value to our customers. This acquisition provides the resources and expertise we need to rapidly innovate and meet the evolving needs of the restaurant industry.”

Battery Ventures has a long history of supporting and scaling business-focused software companies, including those in the hospitality technology space. In restaurant technology, Battery has backed Olo (NYSE: OLO), Crunchtime, and Vita Mojo.

“Default QSR has built an impressive platform that we feel provides a valuable service to restaurant operators around the world,” said Battery General Partner Morad Elhafed. “We see a unique opportunity to build on their success and are excited to partner with such an innovative team to help drive the next phase of growth.” Elhafed will join the company’s board, along with his Battery colleagues Satoshi Harris-Koizumi again Becca Jones.

Investments in battery growth are designed to accelerate QSR Automations’ the ability to deliver advanced technology solutions that help restaurant operators streamline their operations, improve guest satisfaction, and optimize their workflow. The company will continue to operate under its existing brand, with no immediate changes to its day-to-day operations.

About Default QSR

Default QSRits headquarters is Louisville, KY and offices in United Kingdomis a global industry leader in kitchen automation and hospitality services. Since 1996, restaurant operators have turned to the brand’s signature platform, ConnectSmart ® , for customized solutions to improve the guest experience and drive efficiency. Used in 21 of the top casual dining chains nationwide, ConnectSmart ® uses data to create customized solutions that make kitchens quieter, workflows easier, and guests happier.

About Battery Ventures

Battery Partners and specialized innovators and management teams develop category-defining businesses in markets including software and services, enterprise infrastructure, consumer technology, healthcare IT and industrial technology and life science tools. Founded in 1983, the firm supports companies at all stages, from seed and start-up to growth and acquisitions, and invests worldwide from offices in Boston, San Francisco, Menlo Park, New York, Londonagain Tel Aviv. Follow the firm at X @BatteryVentures, visit our website at www.battery.com and find a full list of battery portfolio companies here.

William Blair served as a special financial advisor Default QSR.