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Blanket Secures $800K in Venture Financing Round

By CIO Applications| Friday, August 21, 2020
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Blanket is a work management solution and communication tool for multi-unit restaurant operators. From food safety to repairs and maintenance, the tool assists in organizing and executing everyday work for the multi-unit restaurant operations.

FREMONT, CA: Blanket, an NYC-based work management platform designed and built for the multi-unit restaurant operator, raised an $800k funding round. The funding round was led by Aurify Brands and followed by Branded Strategic Hospitality.

The company plans to utilize the capital to continue to expand operations and its business reach as well as its product development efforts.

Blanket is a work management solution and communication tool for multi-unit restaurant operators. From food safety to repairs and maintenance, the tool assists in organizing and executing everyday work for the multi-unit restaurant operations.

After piloting Blanket in 80 percent of their locations, Aurify, the new owner and operator of Le Pain Quotidien in the United States, will be onboarding Blanket to all 50+ US stores. Other clients include Glaze Teriyaki, Pokeworks, Five Guys, Little Beet Brands, 5 Napkin Burger, Branded Restaurants, and Melt Shop.

"I truly could not think of a better strategic partner to be working with than Aurify Brands. The positive culture they have built within their organization is what initially drew me to them, but it is their sophistication as multi-unit operators that ultimately won me over. I couldn't be more excited for the next phase of my company as part of their portfolio. We are very excited about partnering with Blanket. As a growing multi-unit operator with multiple brands, we are utilizing Blanket's platform to solve our operations needs from unit level to the C-suite," stated Andy Stern, CEO of Aurify Brands. "Their product team has been highly responsive to developing features that drive efficiencies in our business, while also staying hyper-focused on their core verticals.  We very much look forward to watching them grow in the years to come."

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