Zak, a São Paulo, Brazil-based SaaS platform focused on the restaurant industry, raised a $15 million Series A funding.
The round was led by Tiger Global. Other investors were Valor Capital, monashees, Base 10, and Canary.
With this new capital, Zak will seek new business perspectives to continue helping restaurants with their digital transformation.
Company: ZAK DESENVOLVIMENTO DE SOFTWARE LTDA.
Raised: $15.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Tiger Global
Additional Investors: Valor Capital, monashees, Base 10, and Canary
Company Website: https://www.zak.app/
Software Category: All-in-One management platform
About the Company: Founded in 2018, ZAK is an All-in-One management platform for the digitization and financial empowerment of restaurants, operating in Latin America as a Digital Restaurant Platform with zero fixed cost. Focused on empowering restaurants to succeed financially in the digital age, ZAK offers a 100% cloud, integrated platform, ranging from a POS with centralized order management to the back office. Zak’s value proposition is that it works as a SaaS company but it also has some fintech features. In addition to helping optimize a restaurant’s operations, by becoming its financial partner, Zak allows them to integrate their data with financial institutions to help them obtain credit. Zak currently has 300 clients and plans to serve over 1,000 restaurants in the third quarter of 2022. Almost all of Zak’s operations (90%) are located in São Paulo, but the company is present in 25 cities in Brazil.
Source: https://contxto.com/en/brazil/zak-a-saas-company-for-restaurants-raises-a-15-million-series-a-round/