Restaurant app Mr Yum swallows $89 million Series A led by Tiger Global
Summary
Existing backers TEN13 and AirTree followed-on with US-based Australian NBA star Patty Mills and musician Rüfüs Du Sol also putting cash on the table. “Restaurants, hospitality and entertainment venues are embracing technology more than ever and our focus is building best-in-class tools to help them grow, in the same way Shopify has for retail.” Mr Yum launched just three years ago in November 2018 and is now the world’s market-leading mobile ordering, payments and growth platform. As well as helping venues tackle staffing shortages as they emerge from lockdown, the app is also delivering bigger spends from customer orders compared to traditional table service. “We’re excited to back Mr Yum for the third time with our largest cheque to date, showing the conviction that we have behind this team and the magic that they are creating,” he said. “The co-founders have built a special culture which has enabled them to execute at pace and launch in two major markets in the US and UK with their unique product.” The company has grown from 12 to more than 120 full-time staff in the past 18 months, with teams in Sydney, Brisbane, London, Los Angeles, the Philippines and the Melbourne headquarters.