DoorDash Acquires SevenRooms in $1.2 Billion Deal, Expands Hospitality Tech Capabilities

PSG has sold its minority stake in SevenRooms to DoorDash as part of a $1.2 billion acquisition. SevenRooms has grown significantly since PSG's 2020 investment, expanding from 2,000 to over 13,000 venues. The acquisition aims to enhance DoorDash's capacity in hospitality technology and expand SevenRooms' capabilities. PSG supported SevenRooms' growth trajectory and product expansion, including the acquisition of HeyPluto.

PSG, a leading growth equity firm, has completed the sale of its minority stake in SevenRooms to DoorDash as part of a $1.2 billion acquisition. This transaction marks a significant milestone for both PSG and SevenRooms, highlighting the latter's substantial growth since PSG's initial investment in 2020.

SevenRooms, a New York City-based software company, has grown from approximately 2,000 venues to over 13,000 since PSG's investment. The company provides high-quality tools for marketing, operations, and guest experience, deeply integrated with its industry-leading CRM, to help restaurants, hotels, and hospitality businesses deepen guest relationships, streamline operations, and drive revenue growth. PSG has been instrumental in supporting SevenRooms' growth trajectory, providing operational resources and facilitating its product expansion, including the acquisition of HeyPluto in 2024 to strengthen its AI-powered personalized messaging capabilities [1].

The acquisition by DoorDash aims to enhance the latter's capacity in hospitality technology and expand SevenRooms' capabilities. DoorDash, a leading food delivery and restaurant technology company, has acquired SevenRooms to bolster its offerings in the hospitality sector. The acquisition will allow SevenRooms to leverage DoorDash's extensive network and resources to serve its restaurant and hospitality operator partners on a larger scale.

PSG expressed pride in supporting SevenRooms' growth over the past five years and thanked the founders for their partnership. Adam Marcus, Managing Director at PSG, and Namrita Rai, Principal at PSG, stated that they believe SevenRooms is positioned for continued success as a valuable component of the restaurant and hospitality ecosystem. Joel Montaniel, Co-Founder and CEO of SevenRooms, expressed gratitude to PSG for their strategic guidance and operational support, and he looks forward to the new chapter with DoorDash [1].

The legal counsel for PSG was Weil, Gotshal & Manges LLP, while Goodwin Procter LLP served as legal advisor to SevenRooms and A&O Shearman served as legal advisor to DoorDash. William Blair served as exclusive financial advisor to SevenRooms [1].

References:
[1] https://www.businesswire.com/news/home/20250616639326/en/PSG-Completes-Sale-of-Minority-Stake-in-SevenRooms-to-DoorDash