Mad Mobile, a Tampa, FL-based company which specializes in restaurant and retail SaaS and payment solutions, raised $50M in financing.
Backers included Morgan Stanley Expansion Capital and Bridge Bank.
The company intends to use the funds to amplify the expansion of its SaaS and payment technologies, refinance existing debts, and accelerate sales growth.
Led by CEO Bruce Bennett, Mad Mobile is building digital and mobile experiences for more than 21,000 major restaurant and retail locations globally. Offering a complete suite of modern point-of-sale services including mobile POS, mobile ordering, self-checkout, clienteling, mobile fulfillment, and contactless payment. Mad Mobile processes ~$3B in payments, annually. The CAKE point-of-sale solution was acquired from Sysco Corporation in 2020. Customers include Ralph Lauren, Tractor Supply, Texas Roadhouse, Ike’s Love & Sandwiches, Talbots, Miller’s Ale House, Estee Lauder, Signet Jewelers, Ann Taylor, Brooks Brothers, Urban Outfitters, Snipes, West Marine and Toastique.
