Sunday, a firm that did not exist until recently, has secured a $100 million Series A round of capital. Coatue is leading today’s fundraising round, which includes DST Global partners. Investors from the food, hotel, and technology sectors are also taking part. When Sunday launched its $24 million seed round in April, I published a detailed biography of the company. If you want to learn more about the firm, I recommend reading it.
Victor Lugger, Tigrane Seydoux, and Christine de Wendel formed Sunday. Big Mamma’s original two co-founders are also Big Mamma’s founders. Christine de Wendel was formerly the COO of ManoMano and the Head of France at Zalando.
The company has essentially created a checkout mechanism for actual eateries. Customers may scan QR codes to peruse the menu by placing them on tables. When everyone is finished, scan the QR code once again to check the cost, give a tip, split the money, and go. Apple Pay, Google Pay, American Express, Visa, and Mastercard are all accepted methods of payment.
The product works in conjunction with your current cash register system. Oracle Micros, Brinks, Tiller, Zelty, Revo, CashPad, and more brands supported by the corporation. Restaurants not charged a monthly subscription cost or an initial setup price. Sunday rates are dependent on consumption and are subject to processing fees.
It is also an easy sale because most consumers prefer to pay using a QR code. Restaurants may reduce wait times and increase table turnover by having customers leave the restaurant more rapidly. Of course, some individuals like human contacts when they dine out, and Sunday believes that these encounters might cause conflict. The product will not appeal to everyone.
1.1 million Individuals have already utilized Sunday to pay for a restaurant bill, despite the fact that the service only established five months ago. It is used by over 1,500 restaurants all around the world. The firm is growing quickly, having employed 170 people in five countries: the United States, the United Kingdom, Spain, France, and Canada.
The business hopes to use the fresh capital to expand to other restaurants and introduce new features including table booking, ordering, and loyalty programs. In addition, the business wants to accelerate its expansion. Sunday intends to collaborate with 15,000 eateries by the end of 2022. Over the next 12 months, the team will double in size.”This new funding round provides a fantastic opportunity for Sunday to establish a strong tech stack and develop additional product features like ordering and reward programs.”
It also allows us to expand our sales, operations, and partnership teams in the United States. In a statement, co-founder and CEO US Christine de Wendel stated, “We are currently in a very excellent position to attract top personnel to deliver the pace and stellar execution needed to win.”
