Announcing our investment in Dyne, a SaaS company using machine learning and data analytics to help restaurants improve their bottom line.

Between 2020–2022 across the USA and Canada over 700,000 restaurants went bankrupt, and restaurants that did survive lost an estimated $550M in revenue (StatCan). Dyne’s tool is currently helping over 250 restaurants leverage machine learning and data analytics for smart-surge pricing, automated marketing, and revenue optimization strategies, helping remedy some of this damage.

Today, we are excited to announce our investment in Dyne’s seed round of financing alongside our friends at Inverted Ventures and Valhalla Private Capital.

We first met Dyne through the Valhalla investment summit in November 2021 and have built a wonderful working relationship with the team since then. Led by CEO Arnav and CTO Parsa, Dyne quickly impressed with their hyper focus on sales and incredible market knowledge.

Arnav, a 23 year old first generation immigrant from India, moved to Canada to pursue his bachelor’s degree. Unlike most university students, Arnav had already built and sold a company before entering undergrad. Dyne was the second business he founded. CTO Parsa, a second generation immigrant, had been keen on computer science for over a decade before enrolling in UBC’s computer engineering program, focusing on Machine Learning algorithms. He had such a knack for the discipline, that technology giant Huawei sought him out during his second year of UBC’s program to intern as an ML engineer and researcher.

At that November 2021 summit, Dyne was still only a few months old. Although the business and team were young (the average age on the Dyne team is still only 21 years old), they were mature beyond their years and differentiated themselves with their strong early traction and unique product offering. The business was already generating $6K in monthly recurring SaaS revenue, impressive for a company of only 4 months. Restaurant-tech has been overrun with pure food delivery and pure restaurant discovery businesses, typically these businesses make money by cutting into a restaurant’s already thin margins. Dyne’s approach is different, as they focus on what happens inside the restaurant and in the process, improve restaurant margins.

In January 2022, as part of the Valhalla investment summit finale, we made our first investment in Dyne as angels and helped the team raise a $230,000 “Pre-seed” round.

We’ve been lucky enough to work closely with Dyne since then and have watched the team grow both personally, and professionally. Dyne took that $230,000 pre-seed investment and efficiently put the capital to use, growing monthly recurring revenues to over $60K today (10X since January 2022), and increasing paying customers to over 250 (~10X since January 2022). They have also been successful in attracting large restaurant brands to adopt their SaaS tool.

As restaurants are still recovering from the carnage of the past few years, timing is right for a solution like Dyne’s. We could not be happier to partner with them to help tackle such an important problem. If you’re a restaurant owner or consumer interested in learning more about Dyne, please visit their website: dyneapp.ca.