Canada's TouchBistro completes $119 million Series E funding round

Toronto-based TouchBistro, a restaurant point of sale system developer, has secured C$158 million ($119 million) in its latest financing round.

The Series E funding round was led by Omers Growth Equity, which will join the TouchBistro board of directors, with participation from Barclays Bank, RBC Ventures, BMO Capital Partners.

Existing backers including OMERS Ventures, JPMorgan Chase, Napier Park Financial Partners, BDC IT Venture Fund, and Kensington Capital Partners also joined the round.

TouchBistro will use the new capital to acquire complementary products that broaden its capabilities, support the development of technology advancements, extend its presence in international markets, and boost the size of its team over the next year.