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Recruit invests in payment and HR system for restaurants

May 31, 2017

Recruit Holdings Co., one of the world’s largest staffing firms, acquired a portion of the shares issued by TouchBistro Inc., headquartered in Toronto.

The company manufactures, sells and supports TouchBistro, a mobile point of sale system equipped with various work support functions for restaurants. In addition to the basic cash register function, the iPad system includes functions to support restaurant work, such as staff attendance and salary payment management.

Recruit did not announce the amount of its investment, but TouchBistro said it raised C$16.3 million in a Series C financing round led by Napier Part Financial Partners and Japan-based Recruit Partners, with participation from existing investors including BDC IT Venture Fund, Relay Ventures and Kensington Capital Partners. The latest round brings TouchBistro’s total funding to date to C$45.3 million.

In addition to staffing, Recruit owns job board Indeed.com and has a publishing business in Japan, where it is based.