Lucy: Alright, with Dylan and KG on vacation, I’ll “supply both sides of the conversation,” as I do on my private Slack channel.
Today, Upserve is adding a new investor to its collection of supporters. The top-funded startup in Rhode Island announced that Vista Equity Partners has made an undisclosed investment in the restaurant analytics software company, which has already secured $40.5M in funding from big-name backers (including LinkedIn co-founder Reid Hoffman).
The day before the release, I spoke with founder and CEO of Upserve Angus Davis, who declined to disclose the amount of the capital investment. “We thought it’s more relevant to talk about the specifics of our customer growth,” Davis told me, later adding that the Upserve’s platform includes more than $11B in annual transaction volume.
In his previous interview with Dylan, Davis had declined to provide the company’s revenue numbers as well. This time, he commented that Upserve is looking to scale the business “from mid-eight figures of revenue today, to nine figures of revenue.”
Davis added they will continue investing in building the product capabilities, looking at M&A opportunities and growing the size of the team. A number of new hiring offers will be made specifically at the company’s Providence HQ, which already hosts around two-thirds of Upserve employees. Read more: Undisclosed Investment From Vista Could Help Upserve Hit 9-Figure Revenue