Key Takeaways:
- Brizo Data has raised $12 million in Series A funding to expand their data-driven intelligence across the foodservice industry.
- Brizo FoodMetrics is North America’s most comprehensive source of near real-time, foodservice market analytics, empowering businesses in the food and beverage industry to make data-informed decisions.
- The funding round was led by FRAMEWORK Venture Partners and BDC Capital’s Industrial Innovation Venture Fund.
Brizo Data, a Canadian foodservice market analytics platform, has raised over $12 million in Series A funding to become the source of truth on the foodservice and hospitality industries. This funding round was led by FRAMEWORK Venture Partners and BDC Capital’s Industrial Innovation Venture Fund. Brizo Data was launched in 2020 by four seasoned entrepreneurs, Ian Delisle, Trevor Shimizu, Gaetan Corneau and Jean-Sébastien Vachon, with a vision to provide data-driven intelligence across the foodservice industry through their unparalleled depth of industry data and insights.
Brizo Data’s flagship product, Brizo FoodMetrics, is North America’s most comprehensive source of near real-time, foodservice market analytics. Restaurant intelligence has become a key driver in industry research, marketing, and sales, enabling businesses in the food and beverage industry to thrive through data-informed decisions. Brizo Data provides insights to foodservice suppliers and vendors of all kinds – from those who sell Wagyu beef or linen services to companies offering staffing technologies, delivery or online reservation solutions.
“Brizo makes it fast and easy to understand the data and insights that are now part of day-to-day operations, and to operationalize those insights to remove friction for sales teams, widen margins and serve customers better,” said Trevor Shimizu, co-founder, and CRO of Brizo.
Brizo FoodMetrics takes data from over one million foodservice establishments across the U.S. and Canada and makes it digestible, capable of driving quick, high-quality restaurant and foodservice business intelligence. Technology and data have become the new frontier in the food and beverage business since the pandemic, and Brizo Data is at the forefront of this revolution.
“Brizo empowers food and beverage industry professionals and entrepreneurs in their growth trajectories by cutting down on the time it takes to find sales leads and identify new and emerging market opportunities,” said Jim Texier, Partner at FRAMEWORK Venture Partners.
Brizo FoodMetrics includes dashboard customizations for a wide variety of customer uses, including technology vendors, franchisors, food and beverage distributors, and industry investors. With data-driven, actionable insights, Brizo’s customers – business owners and emerging technology companies themselves – will be able to better manage risk and create opportunities through data-backed decisions.
“We are thrilled to invest in Brizo as a technology that can empower the entire foodservice sector across North America,” said Joseph Regan, Managing Partner, Industrial Innovation Venture Fund at BDC Capital.
The infusion of capital will allow Brizo Data to accelerate growth and expand into new markets, making their solution an even bigger game-changer for the industry. Ian Delisle, co-founder and CEO of Brizo, said, “We are excited to work with FRAMEWORK Venture Partners and BDC Capital’s Industrial Innovation Venture Fund, whose strategic guidance and deep expertise in the tech industry will be invaluable as we continue to grow our business.”
About Brizo Data:
Brizo FoodMetrics is a foodservice market analytics platform that empowers vendors and restaurateurs with high-quality data from across the North American foodservice industry. Their vision is to provide data-driven intelligence across the foodservice and hospitality industries through their unparalleled depth of industry data and insights.
About FRAMEWORK:
FRAMEWORK is a world-class venture capital partnership that backs purposeful startups. Established in 2018, their collaborative approach empowers exceptional founders and their teams on their path to becoming the next generation of world-class technologies. FRAMEWORK’s unique, data-driven, and experience-based investment model, combined with a collaborative model of active capital, assists management teams on their scaling journey. The company is committed to cultivating improvements in the venture capital ecosystem for all founders and investors through the Startup Scorecard and Investor Network. FRAMEWORK has its headquarters in Toronto, Canada, with offices in Montreal, QC, and Austin, Texas.
About BDC Capital:
BDC Capital is the investment arm of BDC, Canada’s Business Development Bank. With over $6 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital to learn more.
Brizo Data’s successful funding round is a testament to the company’s vision and the increasing importance of data-driven insights in the foodservice industry. The infusion of capital will enable Brizo to continue its expansion and lead the industry’s transformation through data-informed decision-making.
Conclusion
As the foodservice industry continues to evolve, businesses that prioritize data-driven insights will be best positioned for success. Brizo Data is poised to help businesses in the food and beverage industry thrive through the use of its powerful data analytics platform, Brizo FoodMetrics. With its unparalleled depth of industry data and insights, Brizo Data is well-positioned to become the source of truth on the foodservice and hospitality industries, and its Series A funding round is an important milestone in achieving that vision.
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