Bethesda based maker of point-of-sale solutions for restaurants raised $10 million in Series B funding led by Cota Capital.
The investment round was joined by NRD Capital, an investment focused private-equity fund and Bobby Cox Cos., the owners of multiple restaurants chains, including Taco Villa and Rosa's Cafe. Qu will use the investment round to accelerate expansion of its POS solutions for the fast casual and QSR industry. The company's technology is designed to help restaurants take third-party food delivery in house, and its omnichannel POS system allows everything from mobile, online, kiosk and drive-thru ordering among other methods. "I am really excited to bring some of the best technology and restaurant industry expertise together," Amir Hudda, CEO of Qu said in the release. "The continued support from leading Silicon Valley-based fund, Cota Capital, coupled with NRD's knowledge of operational challenges being faced by enterprise-scale restaurant chains, validates our strategic vision, market opportunity and momentum."