Citing “overwhelming demand” from restaurants for its restaurant management system, Dallas based startup OneDine announces it has closed on its latest funding round.
OneDine landed $5 million in Series A funding, provided by a “private family trust” based in Fort Worth, TX. No name of the family trust was provided. The pre-money valuation of the funding is $90 million.
“The demand has been so overwhelming we couldn’t even meet the fulfillment schedules — everything people wanted to test,” said founder Rom Krupp, in a statement. The Series A will be used to “staff for the demand.” OneDine projects nearly 75 new employees will be added to the startup by the end of the year. The new funding will pay for the new staffing, plus expediting testing its over 60 brands.
OneDine is helping the restaurant market with lighter, lower-cost digital features as restaurant owners look for better ways to simplify operations for patrons, even as business models are pressurized by delivery services and other areas. The company is responding by offering automated order and payment options along with customer service tools. The company is also helping restaurants cope with credit card fund and upgrades to traditional software systems.