TouchBistro raises $6 mln with close of seed round's second tranche

TouchBistro Inc, a provider of mobile point-of-sale solutions for the food and beverage industry, has closed a second tranche of its seed financing round. The Toronto-based startup received investments from U.S. venture capital firm Walden Venture Capital and Canadian alternative assets manager Kensington Capital Partners. Following completion of the round's first tranche, led by Relay Ventures last November, the latest deal brings TouchBistro's total funding to $6 million. The company, which recently opened an office in New York and soon will open one in San Francisco, said it has plans for aggressive growth, which includes doubling its customer base in the next 12 months.

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