June 8, 2017 | Announcements

GCA Advises TouchBistro on Its Series C Preferred Financing

We are pleased to announce that GCA acted as exclusive financial advisor to TouchBistro, Inc., a leader in iPad mobile point-of-sale technology for the food and beverage industry, on its Series C financing. The round was led by Napier Park Financial Partners and Recruit Holdings Co., Ltd., with participation from existing investors, including BDC IT Venture Fund, Relay Ventures, and Kensington Capital Partners.

TouchBistro provides iPad mobile point-of-sale (“mPOS”) solutions for a variety of food and drink venues, including restaurants, cafes, bars, and food trucks. The TouchBistro app has been ranked the top-grossing food and beverage app in 37 countries on the Apple App Store. In the last year, the company has deployed more than 15,000 iPads in over 9,000 restaurants around the world and grown its recurring monthly revenue by 150 percent.

TouchBistro will use its Series C funding to improve and expand the feature set in its mPOS solution and to expand the company’s presence in global markets. Alex Barrotti, Founder and CEO of TouchBistro, commented: “We have experienced significant growth over the past year and plan to continue on this exciting trajectory.”

This is GCA’s second advisory engagement with TouchBistro. GCA also acted as exclusive financial advisor for TouchBistro’s Series B financing, which was completed in October 2016.

About GCA
GCA is a premier global investment bank serving a broad client base through a range of advisory services including mergers and acquisitions, debt and equity capital markets, private funds, restructuring, and asset management. GCA is a global advisor providing insightful advice and is focused on building long-term relationships based on trust. GCA delivers deep expertise in many key industries and has a particular focus in Technology, Software, Media, Digital Media, Communications, Industrials and Industrial Technology, Healthcare, Financial Institutions, FinTech and Business Services. GCA has teams of highly experienced bankers in San Francisco, New York, Tokyo, Frankfurt, London, Manchester, Milan, Mumbai, Munich, New Delhi, Osaka, Shanghai, Singapore, Tel Aviv and Zurich. For more information, visit gcaglobal.com.

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