Jacksonville Startup Hazlnut Raises $3 Million in Series A to Accelerate Growth

Hazlnut, a SaaS company that provides restaurants with their own branded apps and online ordering platforms, announced today that it has raised $3 million in a Series A funding round. Atlanta Ventures led the investment, along with PS27 Ventures Rhea Fund.

Jon Birdsong, a partner at Atlanta Ventures, said Hazlnut was the right company to invest in because, as soon as they crossed paths, “[Atlanta Ventures] immediately knew they were a team who obsesses over the customer, solves their gravest problems, and provides a preeminent user experience.”

Hazlnut is on a mission to help local, independent, and regional restaurant brands thrive. They do so by providing a software template for web-based, app, and in-store ordering solutions. The cost of hiring web and app developers is a greater investment than most restaurant owners can afford. Hazlnut offers development, onboarding and on-going support at an affordable monthly rate. 

The restaurant industry has proven to be tougher than ever for smaller brands thanks to the increasing competition, the rise of third party delivery providers who take a large chunk of every sale, and the overall complexity of managing multiple technology solutions. With Hazlnut, your local favorites can offer online and mobile ordering solutions, a full scale loyalty program, and Panera-like kiosks for guests who want an interactive menu with high resolution images and robust descriptions. 

“With software, if you can envision it, you can build it. We come in and help lift up small businesses to help them compete with bigger brands like Panera and McDonald’s. It’s rewarding seeing local businesses rise to the competition,” said Dick Sikes, Co-Founder and CEO of Hazlnut.

The company had previously closed a seed round funded by PS27 Ventures in 2018 of  less than $200,000. Jim Stallings, CEO of PS27 Ventures, is excited to see Hazlnut grow exponentially.

With this funding, Hazlnut is not wasting any time to grow aggressively. They are looking to fill key roles such as Head of Software Engineering, Sales Director, and Director of Marketing, as well as growing their sales, service, and engineering teams. 

About Hazlnut

Hazlnut is an all-in-one ordering solution that helps companies develop deeper relationships with their customers through beautifully designed websites and custom branded apps.

If you know a restaurant owner who is in need of an online ordering and loyalty solution, let us know! 

About Atlanta Ventures

Atlanta Ventures empowers entrepreneurs to start, grow, and scale.

Create Companies / We co-found companies via the Studio with driven founders in a collaborative environment

Fund Founders / We partner with companies seeking early stage funding

Equip Entrepreneurs / We provide content, tools, and events to empower the startup community

About PS27 Ventures

PS27 Ventures invests in early-stage companies that are driving dramatic changes in high-growth markets. ​​We invest in early stage startup ideas and businesses, supporting their growth with a broad range of expertise from a team of highly regarded professionals. Bringing selected startups into our accelerator, we work side by side with them to grow their business and help them realize their true potential. 

Our team of experts takes a hands-on approach, helping startups succeed. 

About the Rhea Fund

The PS27 Rhea Fund is a 20 million dollar venture capital fund focused on early-stage technology companies. Rhea Fund is seeking to invest in early-stage solutions in SaaS, HealthTech, FinTech, Sustainability, and E-Commerce companies that can scale rapidly. Rhea Fund also has an interest in founders who are women, veterans, and people of color.  

For more information about the Rhea Fund please email us at info@ps27ventures.com.