allO, a Munich, Germany-based restaurant software provider, has raised $5 million in seed funding.
Investors
The round was led by 20VC, with participation from Keen Venture Partners, the NL Startup Fund, 20Product, and 20Growth.
Notable angel investors, including Claire Hughes-Johnson (COO, Stripe), Daniel Khachab (Founder, Choco), Dr. Martin Enderle (Chairman, Delivery Hero), Navid Hadzaad (Founder, Zapp), Mario Götze (German international football player), and Pat Cummins (Captain, Australia Cricket team) also participated in the roun.
Founded in 2015, 20VC is a venture capital investment firm based in London, United Kingdom. 20VC operates at the intersection of venture capital and media.
allO Use of Funds
The company will use the funding to further expand into additional cities in Germany and across Europe.
About allO
Founded by Cancan Liu, Teodor Rupi, and Benedikt von Lewinski, allO offers a comprehensive digital operating system for restaurants. The system is designed to streamline operations and boost revenue and to be user-friendly and accessible in multiple languages, catering especially to ethnic restaurants. Currently serving over 200 locations in Munich, its mission is to give local restaurants unfair technology advantages to compete with prominent players.
Funding Details
Company: allO Technology GmbH
Raised: $5.0M
Round: Seed Round
Funding Month: July 2024
Lead Investors: 20VC
Additional Investors: Keen Venture Partners, the NL Startup Fund, 20Product, 20Growth, Claire Hughes-Johnson, Daniel Khachab, Dr. Martin Enderle, Navid Hadzaa, Mario Götze, Pat Cummins
Company Website: https://www.allo.restaurant/
Software Category: Restaurant
Source: https://tech.eu/2024/07/09/restaurant-saas-allo-secures-5m/