Relay Ventures leads $4.5 mln seed funding of restaurant app TouchBistro

TouchBistro, a provider of mobile point-of-sale solutions for the food and beverage industry, has raised $4.5 million in seed-stage financing. The deal was led by Canadian mobile technologies-focused venture capital firm Relay Ventures, with the participation of angel investors. Relay managing partner John Albright is joining the company's board of directors. TouchBistro, which has offices in Toronto and New York, will use the funds to open a San Francisco office, and translate its product into other languages to accelerate its growth in global markets.

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