Liberty Mutual Investments commits $320 million to restaurant platform inKind

Liberty Mutual Investments , the investment firm for Liberty MutualLiberty Mutual , has committed more than $320 million to restaurant commerce platform inKind, serving as both senior and mezzanine lender.

Founded in 2014, inKind has provided more than $600 million in financing to over 7,700 restaurants. Its model provides restaurants with capital in exchange for food and beverage credits sold through its app, which offers diners up to 25% back in rewards. The platform has more than 4 million users and has distributed over $175 million in dining rewards.

The financing will support inKind’s expansion and the development of AI-native tools to help restaurants increase demand.

“Restaurants are one of the most powerful engines of local job creation in this country. When a great restaurant grows, it creates opportunity for chefs, servers, bartenders, managers, suppliers, landlords, and the neighborhoods around them. inKind was built to help those operators access growth capital and bring more guests to the table without relying on expensive debt, dilutive equity, or discount-driven marketing. Liberty Mutual Investments understands that this is not just about financing transactions—it is about backing entrepreneurs, creating jobs, and helping the places where communities gather continue to thrive.” – Johann Moonesinghe, CEO and co-founder of  inKind .

“The inKind team has built an exceptional and differentiated platform that creates value for restaurants and consumers alike, and we are tremendously excited to partner with them as they kick off this next phase of growth. This transaction reflects our conviction in businesses that expand economic opportunity through innovative solutions, and our long-term capital and ability to invest across capital structures position us to be a strategic partner as inKind continues to scale its impact.” – John Kim, Head of Alternative Credit at Liberty Mutual Investments.