Parrot, an operating software for restaurants, raised $9.5 million for its Series A led by F Prime Capital to continue developing their point-of-sale technology and expand its footprint in Mexico. The new capital gives the company a total of $11.7 million in funding.
Since making a soft launch in January 2021, Parrot is now working with over 500 restaurants — all paying customers, according to Roberto Cebrián, Co-Founder at Parrot. Cebrián told LatamList that they will be heavily investing this year on product and tech, and they will launch their own payment solution embedded to the POS.
“We will heavily invest in product and tech. We are constantly developing and having more features on our current product offering. We will be focusing especially on inventory management, on kitchen operations and also on our payment solution, integrating payments with our POS and with other features from Parrot. We are really focused on creating value for restaurants and in developing the best product in Latin America for restaurant operations.” Roberto Cebrián, Co-Founder at Parrot.
Parrot offers a way for restaurants to centralize all of those fragmented operations, including table service and online orders — into one management portal where users can operate functions like menus, kitchen management, payment methods and reports. The company has midterm plans for expanding to Colombia and Brazil.
Don’t miss Cebrián’s interview in tomorrow’s LatamList Espresso (25th January, 2022 Edition).
