Blanket, a work management platform designed and built for the multi-unit restaurant operator just closed a $800k funding round led by Aurify Brands and followed by Branded Strategic Hospitality.
“I truly could not think of a better strategic partner to be working with than Aurify Brands. The positive culture they have built within their organization is what initially drew me to them, but it is their sophistication as multi-unit operators that ultimately won me over. I couldn’t be more excited for the next phase of my company as part of their portfolio” said CEO Michael Jacober.
After successfully piloting Blanket in 80% of their locations, Aurify, the new owner and operator of Le Pain Quotidien in the United States, will be onboarding Blanket to all 50+ US stores.
Funds have been allocated through the remainder of the fiscal year for product development, which includes a suite of IoT solutions. The funding is also allowing Blanket to build their own growth engine in early 2021.
Read more: Blanket Closes $800K Funding Round