Juicer, a San Fransicsco-based firm that offers restaurant revenue management and pricing solutions, has successfully raised $5.3m in seed funding.
According to FinSMES, The investment round saw leadership from York IE, alongside contributions from Augment Ventures and Mudita Venture Partners. A noteworthy cohort of operators and investors also backed Juicer, including personalities such as Athletic Greens President Kat Cole, Kayak co-founder Paul English, and 16 Handles founder Solomon Choi, among others. York IE’s Vice President of Investments & Strategy, Marshall Everson, will also be taking a seat on Juicer’s board following this funding round.
The company is at the forefront of introducing innovative solutions for data-driven restaurant revenue management and competitive intelligence. Leveraging the latest in AI and machine learning algorithms, Juicer empowers restaurants to optimise their pricing strategies. This enables consumers to enjoy transparent, predictable pricing, particularly benefiting from lower prices during off-peak hours.
Juicer has earmarked the freshly secured funds for accelerating the development of its sophisticated tools and data resources for restaurant operators. This initiative aims to significantly enhance operational efficiencies and consumer experiences across the restaurant sector.
Beyond its immediate offerings, Juicer is committed to further innovating its technology stack. JUICER Pricing and JUICER Compete stand out as flagship solutions. The former is an algorithmic price optimisation engine, while the latter provides AI-driven competitive intelligence, enabling national brands and their franchisees to benchmark their menu prices against local competitors and assess the value of bundles and meals in varying markets.
Several distinguished figures have thrown their support behind Juicer, highlighting the broad industry belief in the company’s vision and potential. Marshall Everson from York IE expressed enthusiasm about the partnership, stating, “We are thrilled to support Juicer and its visionary team as they redefine restaurant revenue management with their innovative AI-driven solutions.”
This seed round builds upon Juicer’s ongoing efforts to revolutionise the restaurant industry, promising a future where data and technology drive growth and customer satisfaction in new, exciting ways.
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
