Funding

French Startup Innovorder Secures €20M Funding Led By UL Invest

Jun 4, 2026 | By Team SR

Innovorder a French restaurant technology company, has raised €20 million in a round led by UL Invest, combining a capital increase with a partial secondary share sale. Existing investor Evolem remains a shareholder.

SUMMARY

Innovorder a French restaurant technology company, has raised €20 million in a round led by UL Invest, combining a capital increase with a partial secondary share sale. Existing investor Evolem remains a shareholder.

Founded in 2014, Innovorder provides a cloud-based SaaS platform that helps restaurants and catering operators digitise and manage operations, including ordering, payments, kitchen workflows, customer loyalty, and AI-driven reporting.

The company serves quick-service restaurants, cafés and large-scale contract catering sectors such as schools, hospitals, and corporate dining.

Its platform is widely used across Europe’s €22 billion contract catering market, which still relies heavily on legacy systems.

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Innovorder has recently expanded into AI, developing its Atlas platform and deploying AI agents to automate operational tasks and improve efficiency.

The company has been profitable since 2024 and continues to grow at around 40% annually.

The new funding will support product development, European expansion, and potential acquisitions as Innovorder strengthens its position in the food service technology sector.