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Company Reaches $120M ARR and $4 Billion in Annualized Transaction Volume Across All 50 States and Canada

CHICAGO — March 11, 2026 — Chowbus, the leading full-stack technology platform for culturally rooted restaurants, today announced it has closed an $81 million Series E funding round, bringing total capital raised to $209 million. Built on a foundation of $120 million in Annual Recurring Revenue and $4 billion in annualized processed transaction volume across all 50 states and Canada, the round was led by Prysm Capital and Left Lane Capital, with participation from Dutchess, Fika, and Avid Bank.

The raise marks an inflection point for Chowbus: having proven its model at scale with thousands of independent restaurants, the company is now expanding beyond its integrated POS and management platform into the significantly larger market for restaurant services - including marketing, accounting, supply ordering, and insurance, where operators spend far more than on software alone.

"Our journey has always been about technology, equality, and reinvention with purpose," said Linxin Wen, CEO of Chowbus. "The success of our first AI product, AI Digital Ads, has proven that we can help independent restaurants compete at a much higher level. We are now building the next-generation AI restaurant platform to support the 'underdog' entrepreneurs who are the backbone of our communities. This is the most exciting era for the restaurant industry since the move to cloud-based POS."

The Asian restaurant industry, a core market for Chowbus, represents approximately 16% of the total U.S. restaurant market and is projected to reach $240 billion in value by the end of 2026. Despite economic headwinds and rising inflation, this sector has grown 135% over the last 25 years.

"Linxin and the Chowbus team have shown exceptional execution, transforming the business into a scaled, mission-critical platform for independent restaurants," said Kerry Wei, Partner at Prysm Capital. "With strong recurring revenue, expanding transaction volume, and a strategic move into AI-driven services, Chowbus is at a clear inflection point. We're proud to partner with the Chowbus team as they build the next-generation AI platform that empowers operators to compete and grow in an increasingly complex market."

"Chowbus is leveraging AI to enter these massive service areas, providing 10x better efficiency than traditional solutions, while maintaining the essential human touch required in the hospitality industry," said Harley Miller, CEO and Managing Partner of Left Lane Capital. "By moving beyond software to become a true operating partner, they're helping these restaurants compete at a level previously reserved for chains."

Chowbus plans to use the Series E funds to expand its suite of AI-driven tools for marketing, automated accounting, and supply chain optimization; deepen service integration by moving beyond traditional SaaS to offer comprehensive business services that reduce overhead for restaurant operators;u and pursue international expansion into Canada while strengthening support for the tens of thousands of independent restaurants currently using its POS and analytics platform.

About Chowbus 

Chowbus is a full-stack technology platform dedicated to empowering independent, culturally rooted restaurants across the United States. Founded in 2016, the company provides intuitive POS systems, integrated marketing solutions, and powerful AI-driven tools designed to foster sustainable growth and cultural enrichment. For more information, visit www.chowbus.com.

About Prysm Capital 

Prysm Capital seeks to partner with disruptive and generational companies at the inflection point of accelerated growth. With offices in New York, San Francisco and Princeton, Prysm serves as a flexible source of growth capital to founders and management teams building companies in the technology and consumer sectors. For more information, visit www.prysmcapital.com.

About Left Lane Capital

Founded in 2019, Left Lane Capital is a New York and London-based venture capital and growth equity firm investing in high-growth internet and consumer technology businesses globally. Left Lane's mission is to partner with extraordinary entrepreneurs who create category-defining companies across growth sectors of the economy. Select investments include Bilt Rewards, Holy, Olipop, Talkiatry, Blank Street, Kings League, Smalls, and more. For more information, visit www.leftlane.com.