Nesto, a Karlsruhe, Germany–based AI-powered workforce management platform for the hospitality industry, has raised €11 million in growth funding.
Investors
The funding was from Expedition Growth Capital, a growth equity firm specializing in software and AI, with offices in London and Boston. The firm partners with ambitious, fast-growing businesses that have already achieved significant market traction with little or no external funding (i.e., bootstrapped). Expedition supports growth initiatives, provides liquidity for founders, and brings deep operational expertise, along with a strong track record of working closely with founders on their path to market leadership.
Nesto Use of Funds
The company will use the funds to enhance its AI capabilities, expand its data platform, and accelerate its international expansion.
About Nesto
Founded by Felix Kaiser and Theodor Ackbarow, Nesto is a Germany-based software company that provides an AI-powered workforce management platform for restaurant chains, as well as hotels, amusement parks, and other hospitality businesses. Its system integrates scheduling, HR processes, payroll, and demand forecasting into a unified operating system. It enables real-time decision-making and the automation of core operations. Nesto is currently in use at over 3,000 restaurants and serves more than 100,000 employees daily, ranging from independent establishments to large chains. Headquartered in Karlsruhe, Germany, Nesto serves leading brands such as McDonald’s, L’Osteria, and Lagardère.
Funding Details
Company: Nesto Software GmbH
Raised: €11.0M
Round: Growth Capital
Funding Date: April 2026
Lead Investor: Expedition Growth Capital
Additional Investors:
Company Website: https://www.nesto-software.com/
Category: Hospitality Tech / Workforce Management / AI SaaS
Source: Nesto