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Online Order Platform Slice Raises $40M In Recent Funding: Reuters

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Online Order Platform Slice Raises $40M In Recent Funding: Reuters
  • Online ordering platform, Slice, has raked $40 million in a recent fundraise led by Cross Creek and two former Twitter Inc (NYSE: 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 (NYSE: 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.
 

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