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.
Authors
Expertise
Insights
-
Technology
MaRS Announces New Cohort of Female Entrepreneurs for Cleantech Accelerator
The Toronto technology hub, MaRS, has sought to support female-led Canadian cleantech companies by teaming up with RBC to launch a 24-month cleantech accelerator program. The two-year program recruits… -
Technology
It’s an Autocado…Thanks!
Fast food giant Chipotle Mexican Grill is moving into the world of automation in two of its California locations. These locations have adopted an automated bowl-and-salad maker, as well as an… -
Capital Markets
Canadian Securities Administrators Further Extend Compliance Deadline in Interim Approach to Value-Referenced Crypto Assets
On September 26, 2024, the CSA provided a further update for crypto asset trading platforms (CTPs) that are registered, or that have provided a pre-registration undertaking (PRU), on the interim… -
Technology
Lockheed Martin to Acquire Terran Orbital
Lockheed Martin (“Lockheed”) has announced the signing of an agreement to acquire Terran Orbital (“Terran”) for $0.25 per share. The deal has an enterprise value $450 million and is set to close in… -
Technology
AT&T’s High-Tech Football Helmet is Set to Change the Game
The NCAA recently approved a helmet for quarterbacks who are deaf or hard of hearing, designed by AT&T in collaboration with Gallaudet University, for use in GU’s 2024 season.The first of its… -
Financial Services Regulatory
Summer’s Over – It’s Time to Consider Your RPAA Registration
Not only has the summer flown by, but Halloween is six weeks away. That means payment service providers (PSPs) have six weeks to prepare for the November 1st opening of the two-week window for…