At just eight months old, Parisian restaurant payment solution sunday has raised $100 million in a Series A round. Tapping into the pandemic-induced shift in the way we operate with, and pay for, restaurant services, sunday allows customers the ability to settling the tab in less than 10 seconds. The robust round will allow sunday to bring its offer to the mass market from quick service restaurants (formerly known as fast food joints) to Michelin star eateries. Since its inception, sunday has raised $124 million.
With numbers this large in this short amount of time, you just know there’s got to be a few seasoned veterans behind it all, and you’d be correct - Victor Lugger and Tigrane Seydoux, the entrepreneurs behind The Big Mamma restaurant Group, alongside seasoned e-commerce ribeye Christine de Wende.
sunday’s seemingly simplistic QR-code-based approach of paying in less time than it takes to apply the salt, pepper, ketchup, and mayo has been embraced by over 1 million users, and 1,500 restaurant partners. These 1,500 restaurants represent a projected annual transaction volume of $1.59 billion.
Likewise, no batch of chips is complete without the fish, and sunday has netted 170 staff members in under eight months across the US, UK, Spain, France, and Canada.
The funding will sautee sunday into mass markets in Europe and North America, with the round being led by Coatue, Partners of DST Global, and several undisclosed angel investors filleted from the hotel, restaurant, hospitality, and technology industries.
“Digital payment solutions are enhancing the customer experience across the board,” comments Coatue founder Philippe Laffont. “We believe that sunday is well-positioned to drive this change in the large hospitality sector as evidenced by its strong global growth in just the first five months since going to market.”