#Wavemaker labs full#

вЂњWhen I think about automation, it's not just robotics,вЂќ David Bloom, chief development and operating officer of Wing Zone told NationвЂ™s Restaurant News. The goal is to create an end-to-end automation experience with technology products that can eventually be rolled out to the rest of the Wing Zone portfolio. Wing Zone Labs restaurants will be used to test automation and AI technologies, including of course, Miso RoboticsвЂ™ famous Flippy the robot 2.0. Related: Q1 signings showcase strength of CapriottiвЂ™s Sandwich Shop and Wing Zone brands This will be Wavemaker LabsвЂ™ first franchise operator relationship and the company is planning to raise up toВ $10 millionВ in seed capital funding through equityВ crowdfundingВ siteВ WAX to fund the development of these stores. Wavemaker Labs will eventually open 20 Wing Zone Labs locations in the Los Angeles area that will serve as a cross between franchised stores and technology incubators. Wing Zone Labs is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier I of Regulation A.CapriottiвЂ™s Wing Zone announced this week a new type of franchise partnership with Wavemaker Labs: the technology incubator that launched Miso Robotics. It operates both as a franchisee of Wing Zone and supports the brand's overall corporate innovation efforts to build the franchise of the future. Wing Zone Labs is on a mission to introduce automation at scale in the rapidly expanding fast-casual restaurant category. For more information, visit Like Wing Zone on Facebook, follow on Twitter or Instagram. The brand plans to grow to 200 profitable restaurants by 2025.

Wing Zone's award-winning flavors are available at more than 31 locations in North America and its 30 restaurants internationally.

Wavemaker Labs has successfully incubated and launched robotics brands including Miso Robotics, Piestro, Bobacino, Nommi and 800 Degrees Go, among others.ДЇounded in 1993, Wing Zone is an international fast-casual restaurant franchise known for its cooked-to-order, flavor-fused chicken wings and tenders.

Its lead investor, Wavemaker Partners, is a global venture capital fund with over $600 million of assets under management. Wavemaker Labs is a food automation focused venture studio that funds and builds disruptive technologies alongside corporate partners. Capital raised is solely for Wing Zone Labs and not the overall Wing Zone Corporation. Wing Zone Labs will primarily be funded through its crowdfunding campaign, which gives everyday investors an opportunity to capitalize on the $787.7 billion franchise industry. Over time, Wing Zone Labs intends to fully automate its franchise stores in order to give customers a truly tech-forward experience. Wing Zone Labs aims to open its first Wing Zone location this year, with plans for initial restaurants to deploy Miso Robotics' flagship product, Flippy 2, to handle the frying station for chicken wings and other fried menu items. 'Bringing in an innovation juggernaut like Wavemaker Labs to not only establish a one-of-a-kind franchisee but also help expand the use of tech and automation within our company is a huge step for us in our quest to create the franchise of the future.'

'At Wing Zone, we live by the motto 'flavor really fast,' and this partnership will help us deliver on that promise to our customers,' said David Bloom, Chief Development and Operating Officer of Wing Zone. The company is aiming to raise up to $10M in seed capital via equity crowdfunding site WAX. Wing Zone Labs has exclusive rights to the Southern California region covering Los Angeles and has signed a development agreement to open twenty Wing Zone stores there.

#Wavemaker labs full#

Wing Zone Labs is a new franchisee that will focus on driving innovation for the company, helping Wing Zone restaurants unlock their full potential with end-to-end automation. Wing Zone Labs will be a high-volume franchisee and drive innovation within Wing ZoneД®L SEGUNDO, Calif., /PRNewswire/ - Today, Wavemaker Labs вЂ“ the corporate innovation and product development incubator that launched Miso Robotics вЂ“ announced the launch of Wing Zone Labs in close collaboration with Wing Zone, one of the nation's leading fast-casual brands serving made-to-order flavor-packed chicken wings.