sunday raises $100m in Series A funding round
sunday, the fastest restaurant payment solution founded in April 2021, by Victor Lugger, and Tigrane Seydoux – the entrepreneurs behind The Big Mamma restaurant Group – and Christine de Wende, a tech leader and e-commerce veteran, is today announcing a $100m Series A equity financing.
sunday’s new fundraising follows on from the huge traction gained to date and is foresight into future market demand. The way people pay in restaurants is changing for good. The intuition that sunday’s founder had five months ago is a testament to a global trend supporting restaurant owners, their staff and their clients. After massive success in the first months of development, this new way to pay in restaurants is now expanding to the mass market, from QSR to Michelin star.
sunday, has been designed to simplify the payment process for diners by creating a system that enables customers to pay the bill in under 10 seconds. The firm has signed 1,500 restaurants and hired 170 members of staff across the US, UK, Spain, France and Canada, in the five months since launch.
Led by Coatue, Partners of DST Global and several other high-profile investors from the hotel, restaurant, hospitality and technology industries, this Series A announcement is the company’s second round of financing. The capital will be used to accelerate the growth and expansion of sunday within a highly promising, $7.5 trillion addressable market.
“This new investment round is a remarkable opportunity for sunday to build a powerful tech stack and develop new product features such as ordering & loyalty programs. It also allows us to accelerate in the US market by growing our Sales, Operations and Partnerships teams,” said Christine de Wendel, co-founder and CEO US at sunday. “We are now in a very good position to hire top talent to drive the speed and stellar execution needed to succeed.”