Nory, a Dublin, Ireland-based AI-powered restaurant management platform, has raised $37 million in a Series B funding round, bringing its total funding to $62.6 million. 

Investors 

The round was led by Kinnevik, with participation from Accel and existing investors. 

Founded in 1936, Kinnevik is a venture capital firm based in Stockholm, Sweden. The firm focuses on digital consumer businesses, particularly in the healthcare, software, marketplace, and climate tech sectors. Beyond capital, Kinnevik provides strategic and operational support to help companies scale. 

Nory Use of Funds 

The company will use the funding to advance AI development, hire data scientists, build proprietary algorithms, deploy autonomous AI assistants, and accelerate its U.S. expansion. 

About Nory 

Founded by Conor Sheridan, Nory is an AI-powered restaurant management platform that unifies operations, inventory, workforce, and finance into a single system. Built specifically for hospitality, it leverages real-time data and predictive analytics to forecast demand, optimize staffing and stock, reduce costs, and increase profitability. Headquartered in Dublin, Ireland, Nory helps independent, franchise, and enterprise restaurant groups streamline back-office tasks and scale efficiently. The company’s mission is to put restaurants back in control of their profitability. 

Funding Details 

Company: Nory 

Raised: $37.0M 

Round: Series B 

Funding Date: September 2025 

Lead Investor: Kinnevik 

Additional Investors: Accel and existing investors 

Company Website: https://www.nory.ai/  

Software Category: AI-powered Restaurant Management / Hospitality Tech 

Source: https://tech.eu/2025/09/16/nory-closes-37m-series-b-to-automate-restaurant-operations-with-ai/