“We are thrilled to have CapX supporting Ziosk and our restaurant partners, and this financing further supports our mission to revolutionize pay-at-the-table solutions at restaurants. We are honored to have their confidence, commitment and support as we grow and look forward to a valuable partnership."
Jack Baum, co-founder, Ziosk
Ziosk is the creator of the restaurant industry’s first ordering, entertainment and pay-at-the-table tablet and commands 95% of the deployed market. Ziosk has deployed more than 150,000 Ziosk® tablets in over 2,500 restaurants across all 50 states, and was looking for funding to support its continued growth. The Ziosk® technology is an enterprise grade solution, featuring a 7-inch tablet and encrypted credit card reader, resides on each table and enables guests to see menu items, play games, view entertainment, order food and beverages and ‘pay on demand;’ all which gives guests control over their dining experience. With its interactive capabilities, Ziosk and its footprint have created the Ziosk Media Network™, a digital media platform for partners to create engaging experiences at the point of purchase. With over 400 million consumers served and growing, Ziosk is revolutionizing the experience and economics of dining.
THE CAPX SOLUTION
CapX Partners and its funding partners Garrison Investment Group and Victory Park Capital provided a loan facility that can grow to $100 million to support the growth needs of Ziosk. The funds will be used to support agreements with Olive Garden and other restaurant brands to deploy Ziosk tablets across the U.S. Olive Garden is the leading Italian restaurant brand in the casual dining segment with more than 840 restaurants and 96,000 employees and more than $3.8 billion in annual sales and is a division of Darden Restaurants, Inc., which owns and operates more than 1,500 restaurants that generate over $6.8 billion in annual sales.
“Ziosk was seeking a strategic financial partner to assist in the expansion of its network. Ziosk Chairman and Co-Founder Jack Baum and his team have created a fantastic platform for Olive Garden’s patrons.”-Eric Starr, Partner of CapX Partners