Brizio Raises $12 million in Series A Round

Brizio, a startup based out of Quebec-City, calls itself “the source of truth on the foodservice industry”. Since 2020, Brizio has been building a platform that collects data from more than one million foodservice establishments across Canada and the U.S. to provide foodservice and hospitality organizations with insights to be leveraged into improved sales processes.

Brizio closed its Series A funding round at $12 million in late March 2023, having raised the majority of that sum last year. The $12 million is made up of $2.5M in debt, $250,000 in grant financing, and the remainder in equity.

Brizio raised $1.3 million in its seed round led by Branded Hospitality Ventures, which invests in food tech companies. Branded Hospitality Ventures also invested in the more recent Series A round alongside undisclosed angel investors in the same industry. BDC Capital and Framework Venture Partners led the Series A round.

Brizio’s platform has been developing during a time where our relationship with food has been increasingly carried out online. As a result, Brizio’s market intelligence supports brands like DoorDash, BentoBox and Toast, among others.

Author: Tommy Friedlich, 2022/2023 Articling Student-At-Law