Utah-Based Restaurant Management Platform Invests in Sales, Marketing and Expanded U.S. Presence, Names New CEO
SynergySuite, the leading all-in-one, cloud-based restaurant management platform, announced $6 million in Series A funding to accelerate growth in the U.S. market and continue product innovation, and named Greg Staley as CEO. The financing round was led by First Analysis, a Chicago-based venture capital firm, with participation from Irish private equity firm Oyster Capital.
“Restaurants are dealing with an increasing number of challenges to profitability, and SynergySuite is well positioned to answer the needs of restaurant operations teams,” said Jim Macdonald, managing director at First Analysis. “Our investment in SynergySuite is rooted in our confidence that they are well positioned to disrupt this industry, providing restaurants with the visibility and automation they need to optimize operations.”
With the new funding, SynergySuite will drive continued customer growth by expanding sales, marketing, implementation and client success. SynergySuite’s powerful back-of-house platform has experienced exponential growth in the last two years by giving restaurants the tools they need to see what’s happening in every location and optimize food and labor costs.
In conjunction with the financing, Greg Staley was named CEO. Staley previously held the position of chief revenue officer. A veteran sales and marketing leader with deep SaaS experience, Staley’s focus will be on building SynergySuite’s position in the marketplace, and ensuring the product continues to respond to the challenges enterprise restaurants face.
“This funding will allow us to continue growing the best purpose-built back-of-house platform on the market. Restaurants are selecting SynergySuite because we offer the most comprehensive and powerful restaurant management product, paired with a world-class support team, and I’m looking forward to continuing our success,” Staley said.
SynergySuite co-founder Niall Keane will serve as chairman and chief strategy officer, where he will guide continued product development aligned with the company’s technology roadmap.
“SynergySuite was founded because I saw first-hand how frustrating it was to manage restaurant operations with piecemeal technology solutions. I’m excited to focus on continuing to build an innovative system that makes it easier for restaurant brands to be successful and profitable,” Keane said.