Tiger Global Leads Deal for Restaurant Startup Popmenu at $525 Million Valuation

The pandemic shutdowns prompted more people than ever to order online from restaurants, lifting the fortunes of startups selling software to the sector. Now, even as in-person gatherings resume, venture investors are betting diners will still want to use these digital tools.

Popmenu, an Atlanta-based startup that provides website design services and online ordering software to restaurants, is raising a new funding round led by hedge fund Tiger Global Management that will value it at $525 million, including the investment, according to two people familiar with the deal. That’s six times its valuation in October, when the five-year-old startup raised a $17 million Series B round at an $87 million valuation, said one of the people.