Liberty Mutual Investments (“LMI”), the investment firm for Liberty Mutual Group (“Liberty”), today announced a strategic financing partnership with inKind, a restaurant commerce enablement platform and technology company that helps restaurants access the customers, capital, and technology they need to grow and thrive. LMI provided more than $320 million in financing, serving as both a senior and mezzanine lender. The financing will support inKind’s mission as a supportive capital solution for restaurants, while fostering economic growth across the restaurant and foodservice industry, the nation’s second-largest source of private-sector employment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260701483373/en/
inKind, founded in 2014, has provided more than $600 million in funding to top restaurants across the country while connecting them with millions of customers through inKind’s app. The company’s unique model is used by more than 7,700 restaurants, providing capital in exchange for food and beverage credits that are sold to diners through its app, which provides up to 25% back in rewards to users to dine at restaurants on the platform. As a result, inKind’s invented a customer retention tool for the best restaurants in America to address one of their largest pain points: converting future incremental customer demand into growth capital.
“Restaurants are one of the most powerful engines of local job creation in this country,” said Johann Moonesinghe, CEO and co-founder of inKind. “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.”
The transaction was led by LMI’s Alternative Credit platform, which focuses on providing bespoke financing solutions, and demonstrates the firm’s ability to invest across the capital structure.
“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,” said John Kim, Head of Alternative Credit at Liberty Mutual Investments. “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.”
The investment will support continued expansion of inKind’s restaurant network and the development of AI-native tools designed to help operators drive demand at slow times from inKind’s four million diners nationwide.
LMI invests more than $125 billion of long-term capital globally across its integrated platform on behalf of Liberty, leveraging a flexible investment approach to build enduring businesses side-by-side with its partners.
Earlier this year, inKind raised $450 million in capital to expand the platform to 10,000 additional restaurants this year and enhance its in-app customer dining experience. To date, inKind has rewarded more than four million users with over $175 million in dining rewards. For more information about inKind and its mission to support the restaurant industry, visit inkind.com and follow @inkind.app.
About Liberty Mutual Investments
Liberty Mutual Investments (LMI) is the investment firm for Liberty Mutual Group (Liberty), a global insurance and capital solutions partner. With deep expertise in liquid, credit, and alternative strategies, LMI invests more than $125B of capital globally, taking a long-term approach across its integrated platform. LMI has a clear purpose: build enduring businesses side-by-side with our partners, drive economic growth, and generate superior risk-adjusted returns that power Liberty’s strategy and secure its promises.
Liberty Mutual Group Asset Management Inc. does business under the name Liberty Mutual Investments. For more information, visit https://www.libertymutualinvestments.com/.
About inKind
Founded in 2014, inKind is a curated restaurant growth network built to help great restaurants thrive and to give guests more reasons to gather around the table. Built by restaurant owners for restaurant owners, inKind provides upfront capital and demand tools that help operators bring in the right guests at the right times, while giving diners a smarter way to discover exceptional restaurants, support the people behind them, and earn more for their next experience.
Today, inKind connects almost 5 million guests with more than 7,700 restaurants across the U.S., from acclaimed restaurant groups such as MINA Group, Ethan Stowell Restaurants, and José Andrés Group to standout independent restaurants including Okàn, Kann, and Superiority Burger. The company has provided more than $600 million in capital to restaurant partners, helping fuel the rooms, teams, and entrepreneurs that shape local dining culture.
inKind’s mission is to strengthen the restaurants where communities gather — making it easier for guests to find places worth returning to and helping operators grow without turning restaurants into discounts, inventory, or ad units.
Learn more at https://inkind.com and follow @inkind.ap.
Important Information and Disclosures
This press release is provided for informational purposes only and does not constitute investment advice or an offer to sell, or a solicitation of an offer to buy, any securities or interests in any investment fund or vehicle. Liberty Mutual Group Asset Management Inc. (d/b/a Liberty Mutual Investments) provides investment advisory and management services only to insurance companies and wholly owned direct or indirect subsidiaries of Liberty. This press release may contain forward-looking statements that are as of the date of this press release; actual results may differ materially, and Liberty undertakes no obligation to update such statements. Additional information is available at www.libertymutualgroup.com/investors.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260701483373/en/
Media gallery
