2024-07-30
Burnt
theburntapp.comHeadquarters
New York City
Employee Count
6
Year Founded
2022
Business model
B2B SaaS
Early traction
9k orders processed, ~200 restaurants on waitlist ($1.25M once onboarded), 150+ suppliers receiving orders via Burnt
Investors
Hari Raghavan (autopilot.fund), Benjamin Fernandes (founder of Nala), and other fintech angels.
Restaurants are facing unprecedented challenges as rising costs continue to outpace revenue growth.
These challenges include:
An outdated procurement process, characterized by inefficient ingredient ordering through phone calls and emails.
Error-prone, old-school inventory management using manual tracking on Excel or paper.
A lack of live data and real-time insights on sales and inventory, hampering decision-making.
This week’s company provides a comprehensive platform for managing operations to help restaurants save money efficiently.
Burnt is a platform designed to streamline a restaurant’s back-end operations, enabling data-driven decision-making to improve profitability and operational efficiency.
Operations: Burnt simplifies activities such as inventory, ordering, and financial management.
Data-driven: Using real-time data and analytics, restaurants can make informed decisions to maximize inventory and minimize spend.
Bulleted Version
Market Opportunity: The restaurant management software market, is massive and growing quickly, presenting a vast opportunity for digital transformation, particularly in back-of-house operations where inefficiencies are prevalent.
Sticky Product: Burnt has positioned itself for a high retention rate, as once a restaurant updates their software and sees a return on investment, they will be life-long customers.
Vision: Burnt's vision involves establishing a strong foundation with restaurants and then targeting suppliers, leveraging existing customer relationships to achieve a low customer acquisition cost.
Adoption Challenges: Convincing traditional restaurants to adopt a new technology platform may be difficult, especially for those used to manual processes, potentially slowing customer acquisition.
Data Security: Handling sensitive financial and operational data for numerous restaurants carries significant responsibility; any data breaches or security lapses could undermine trust with customers.
Regulatory Hurdles: The restaurant industry is subject to various regulations and compliance requirements, and ensuring Burnt's platform adheres to these standards across different regions may be challenging and resource-intensive.
Zitti: Back by Serena Ventures, Oceans, Crossbeam Venture Partners, Vera Capital, and others.
ClearCogs: Backed by MATH Venture Partners, and various angels.
MarginEdge: Backed by Vitalize, Osage Venture Partners, Branded Strategic Hospitality, and others.
Restaurant 365: Backed by BVP, ICONIQ Growth, Tiger Global Management, and others.
WhyBurnt
By streamlining operations, providing real-time data, and enhancing decision-making, Burnt prevents inefficiencies from burning through a restaurant's profits.
*Nothing in this content constitutes investment or legal advice. Conduct independent diligence and consult professional advisers before making investment decisions.*
Explore
other features
SF
2026-02-10
Sotira
Sotira helps brands monetize surplus inventory by automating resale, compliance, and logistics through an AI‑powered marketplace of verified buyers.
Business model
Subscription fee + take rate on transactions
Oakville, Ontario, Canada
2026-01-27
BuildingAssets
BuildingAssets.ai is a platform that deploys AI agents into a building’s tech stack to surface hidden savings and take action to capture them.
Business model
Annual recurring revenue (per building) + referral fees from trusted service partners
Nashville, TN
2026-01-13
Watt Data
Watt Data is an AI data platform that helps companies find high-intent customers by connecting real-world behaviors into insights that tell you who to target and why now.
Business model
SaaS plus consumption-based pricing