Qu continues momentum following $10m funding round
POS software manufacturer secures hefty investments from Cota Capital to meet foodservice industry’s needs
Qu, formerly Gusto POS, has raised $10m in a Series B funding round in order to accelerate the development of strategic initiatives and accelerate company growth.
The successful launch of the industry’s first integrated platform for order taking, order processing, and order delivery has led to further investments from Cota Capital, with new funding from NRD Capital and Bobby Cox Companies.
The company will use the funding to further accelerate its already strong momentum in providing to industry-leading POS solutions that address the needs of fast-casual and QSR enterprise restaurants.
Amir Hudda, CEO of Qu, said: “I am really excited to bring some of the best technology and restaurant industry expertise together.
“The continued support from leading Silicon Valley-based fund, Cota Capital, coupled with NRD’s knowledge of operational challenges being faced by enterprise-scale restaurant chains, validates our strategic vision, market opportunity and momentum.”
The company has grown into an enterprise-class POS platform that is used by leading restaurants across the U.S to help them move faster and increase profits.
Qu’s cloud-based ordering solutions enable centralized POS management and allow operators to deliver uniform guest experience when orders are placed.
Bobby Yazdani, founder and managing partner at Cota Capital, said: “Qu and its technology are transforming the way fast casual and quick service restaurants are able to take, process, and deliver orders.
“Our continued investment in Qu reflects our strong belief that they possess the technology, strategic vision, and industry expertise to continue to deliver innovative POS solutions. We look forward to our ongoing successful partnership with their management team.”
Qu’s new delivery solution enables restaurateurs to bring delivery in-house and offers a complementary solution to third-party delivery providers.
Aziz Hashim, NRD Capital
In addition to providing funding, NRD Director and restaurant industry veteran, John Teza, has joined Qu’s Board of Directors.