- Online ordering platform, Slice, has raked $40 million in a recent fundraise led by Cross Creek and two former Twitter Inc TWTR executives, Dick Costolo and Adam Bain, Reuters reports. Costolo and Bain presently represent 01 Advisors venture and advisory firm.
- The existing investors included KKR & Co Inc KKR, GGV Capital, and Primary Ventures.
- Slice has helped small pizzerias to compete with large chains.
- Slice will utilize the proceeds to develop its products and expand its ongoing program, Slice Accelerate, which supported shops with technology and services worth $15,000 each.
- Slice had last raised $43 million in the KKR-led fundraise in May 2020.
- Price action: KKR shares closed higher by 0.04% at $52.03.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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