Enlightened Hospitality Investment led $21.5 million funding round with goal of scaling the workforce tech tool
New York City restaurateur Danny Meyer’s growth equity fund has led a $21.5 million investment in the labor management platform 7shifts, the company said Tuesday.
Enlightened Hospitality Investments, or EHI, the growth equity fund affiliated with Meyer’s Union Square Hospitality Group, or USHG, was joined in the Series B funding round by existing investors Ten Coves Capital, Relay Ventures and Conexus Venture Capital.
For Meyer, whose USHG operates famed concepts such as Gramercy Tavern and Union Square Café, it follows a growing list of investments in technology and other companies that have become key to restaurant operations. The fund, for example, has invested in the ecommerce business Goldbelly, website designer BentoBox, reservation platform Resy, the booking site Tripleseat and the identity screening firm Clear.
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