Toronto’s startup Brizo Data lands $8.9M in funding to provide market intelligence to the foodservice industry
Summary
The round was led by FRAMEWORK Venture Partners and BDC Capitals Industrial Innovation Venture Fund.Brizo will use the fresh capital infusion to accelerate growth and expand into new marketsmaking its solution an even bigger game changer for the industry, Brizo co-founder and CEO Ian Delisle said in a statement.Founded in 2020 by seasoned entrepreneurs Ian Delisle, Trevor Shimizu, Gaetan Corneau, and Jean-S\xe9bastien Vachon, Brizo helps the most competitive restauranteurs and restaurant vendors make better-informed decisions and win their market. This includes information on everything from providers of staffing technologies, delivery, and online reservation solutions to those who sell Wagyu beef or linen services.For restaurant industry professionals and suppliers, the sector has changed considerably through the rapid adoption of technology, said Trevor Shimizu, co-founder and CRO of Brizo. Brizo makes it fast and easy to understand the data and insights that are now part of day-to-day operations, and to operationalize those insights to remove friction for sales teams, widen margins and serve customers better.Since the pandemic, technology and data has become the new frontier in the food and beverage business. Brizos technology is a powerful tool to increase the speed and efficiency of their operations, allowing them to pivot, to tailor offerings or to forecast future trends in the foodservice industry and get ahead of the curve.Brizo FoodMetrics includes dashboard customizations for a wide variety of customer uses including technology vendors, franchisors, food and beverage distributors, and industry investors.We are thrilled to invest in Brizo as a technology that can empower the entire foodservice sector across North America, said Joseph Regan, Managing Partner, Industrial Innovation Venture Fund at BDC Capital. With data-driven, actionable insights, Brizos customersbusiness owners and emerging technology companies themselveswill be able to better manage risk and create opportunities through data-backed decisions.