Funding

allO Funding News – allO Secures $5M Seed Funding Round led by 20VC

Jul 10, 2024 | By Team SR

allO, help local restaurants thrive has raised $5M Seed Funding round led by 20VC, with participation from Keen Venture Partners, the NL Startup Fund, 20Product, 20Growth and 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), Pat Cummins (Captain, Australia Cricket team) and more.

SUMMARY

  • allO, help local restaurants thrive has raised $5M Seed Funding round led by 20VC, with participation from Keen Venture Partners.
  • Founded in 2020 by Cancan Liu (CEO) and Teodor Rupi (CTO) and later Benedikt von Lewinski (CCO) joined the.

With an initial focus on Germany, one of the biggest marketplaces on the continent, it seeks to establish the European equivalent of Toast's success in the US. Currently, more than 200 outlets and 75% of the Chinese eateries in Munich are served by allO. The business has alliances with well-known businesses, including Google, UberEats, Wolt, Lieferando, and Stripe. 

Read also - Byway Funding News – London-based Byway raises €5.9 Million Series A Funding

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Cancan Liu, CEO, allO, said, “We are on a mission to end the operational chaos for local restaurants in Europe. Our solution allows restaurant owners to focus on what they do best – providing a great experience to their guests.”

Harry Stebbings, General Partner, 20VC, commented, “Restaurant software in Europe is broken. Restaurants have to juggle up to 10 different software products, which are fragmented, don’t speak to each other and severely hinder productivity and bottom line for restaurant owners. When we first met the allO team, it was clear that their fully integrated solution had been built alongside their customer, for their customer. There is a real opportunity to aggregate market share for point-of-sale in Europe and this is by far the most compelling team going after this opportunity.”

About allO

Founded in 2020 by Cancan Liu (CEO) and Teodor Rupi (CTO) and later Benedikt von Lewinski (CCO) joined the. allO is the digital backbone of restaurants, the future of gastronomy, and the reliable partner of local businesses. allO's mission is to give local restaurants unfair technology advantages to compete with prominent players. allO strive to democratize gastronomy by making McDonald's and Starbucks' level of technology accessible to small restaurant owners.

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