Qu Continues Its Momentum in Enterprise POS Market Through $10 Million Series B Funding Round

Lead Investor Cota Capital Joined by New Strategic Investors NRD
Capital to Accelerate Growth

BETHESDA, MD–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/POS?src=hash” target=”_blank”gt;#POSlt;/agt;–Qu™
(formerly Gusto POS), the company that is reimagining the role of Point
of Sale (POS) technology, today announced it has raised $10 million in a
Series B funding round. The funding round was led by existing investor Cota
Capital
, with new funding from leading restaurant-focused PE fund, NRD
Capital
. Bobby
Cox Companies
, the owners of multiple restaurant chains, also
participated in this round. The company will use the funding to further
accelerate its already strong momentum in bringing to industry-leading
POS solutions that address the needs of fast-casual and QSR enterprise
restaurants to market.

I am really excited to bring some of the best technology and restaurant
industry expertise together,” said Amir
Hudda
, CEO of Qu. “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.”

Founded on the simple principal of giving customers choice in picking
from best-in-class solutions versus the legacy approach of being “all
things to all people,” Qu has grown into an enterprise-class POS
platform that is used by leading restaurants across the U.S. to help
them move faster, stay nimble, and increase profits. Qu’s cloud
based, API-first architecture and omni-channel ordering solutions enable
centralized POS management and allow restaurateurs to deliver a
seamless, uniform guest experience anytime and anywhere orders are
placed.

Qu and its technology are transforming the way fast casual and
quick service restaurants are able to take, process, and deliver
orders,” said Bobby
Yazdani
, Founder and Managing Partner at Cota Capital. “Our
continued investment in Qu reflects our strong belief that they
possess the technology, strategic vision, and industry expertise to
continue to deliver innovative POS solutions. We look forward to our
ongoing successful partnership with their management team.”

The Series B funding will enable Qu to accelerate the development
of strategic initiatives, building upon the successful launch of the industry’s
first integrated platform
for order taking, order processing, and
order delivery. Qu’s newest platform features include:

  • Omni-Channel Ordering: Qu’s platform offers solutions
    for anytime and anywhere orders are placed, including in-store, kiosk,
    hand-held, drive-thru, online, and mobile.
  • In-House Delivery: Qu’s new delivery solution enables
    restaurateurs to bring delivery in-house and offers a complimentary
    solution to third-party delivery providers.

Qu is at the forefront of POS technology and is leading the
industry in improving margins for operators – core elements of NRD’s
investment thesis,” said Aziz
Hashim
, NRD Capital Managing Partner. “NRD Capital is proud to
partner with Qu as they continue to revolutionize how restaurants
deliver an exceptional experience to their customers while optimizing
their unit-level economics and making data-driven decisions.”

In addition to providing funding, NRD Director and restaurant industry
veteran, John
Teza
, has joined Qu’s Board of Directors.

About Qu

Qu™, formerly Gusto®, is going beyond traditional Point of Sale (POS)
technology with a singular focus on fast casual and quick service
restaurant chains. Leveraging an API-first approach and a core suite of
omni-channel ordering solutions, Qu delivers an enterprise-scale,
cloud-based POS platform that’s fast, flexible, and forward-thinking,
making it easy to implement, easy to use, and easy to afford. Improved
guest experience, best-in-class integrations, centralized enterprise
management, and payment processor choice are some of the reasons leading
restaurant chains choose Qu to help them move faster, stay nimble, and
increase profits. Learn more at www.qubeyond.com or
email sales@qubeyond.com.

About Cota Capital

Cota Capital is a San Francisco-based investment firm with a focus on
private and public software companies. Cota’s core belief is that
entrepreneurs and companies will continue to leverage software in
innovative ways to disrupt all industries across the world. Cota employs
a stage-agnostic investment approach, providing the firm flexibility to
invest across all stages of a company’s lifecycle, from venture through
public securities. For additional information, please visit www.cotacapital.com.

About NRD Capital Management, LLC

NRD Capital Management, LLC, founded by Aziz Hashim, is a private equity
firm that invests in companies offering superior products/services and
compelling unit-level economics. By infusing capital and applying
operating expertise, NRD guides its investments towards strategic
growth. The fund invests in small to mid-sized brands (franchise and
non-franchise), both domestic and international, primarily focusing on
restaurants, technologies and service/retail opportunities. Through the
NRD Foundation, the firm supports non-profit and for-profit
international organizations that create entrepreneurs, foster financial
independence, and power academic research focused on franchise
entrepreneurship. For additional information, please visit www.nrdcapital.com.

About Bobby Cox Companies

Bobby Cox Companies, Inc., is a dynamic family restaurant operation
dedicated to meeting the needs of today’s consumers. Under the guidance
of its founder, Bobby D. Cox, the company has grown from its humble
beginnings as a single coffee shop restaurant in 1961 in Odessa, Texas,
to a multi-concept restaurant operation with more than 70 locations
throughout the southwestern United States. Bobby Cox Companies is the
embodiment of the entrepreneurial spirit of free enterprise. The company
is headquartered in Fort Worth, Texas, and employs over 3,500 people
throughout Texas and New Mexico. For additional information, please
visit http://www.bobbycox.com.

Contacts

Paula Carren
240-356-3060
pcarren@qubeyond.com