Germany’s Nesto Secures €11 Million Funding From Expedition Growth Capital

The funding will be used to further enhance product development and accelerate the company’s expansion across European markets, strengthening its position in hospitality workforce management.

Founded in 2017 Nesto provides an AI-driven workforce management platform for restaurant groups. The system automates scheduling, HR workflows and payroll preparation helping hospitality businesses streamline operations.

The company addresses one of the biggest challenges in the industry labour being the highest controllable cost while many operators still depend on fragmented tools and manual processes. Nesto aims to improve profitability through an AI-native system that combines demand forecasting, workforce planning, and operational execution in one platform.

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At its core, Nesto uses a proprietary forecasting engine that predicts demand and staffing needs in real time. By integrating data from POS systems, suppliers and payroll providers, it automates scheduling, HR tasks, and payroll workflows, enabling managers to operate more efficiently and improve labour productivity by up to 10%.

With the fresh capital, Nesto plans to expand its AI capabilities, strengthen its data platform and further develop NORA, its AI assistant and agent framework for operational and administrative workflows. The company also aims to accelerate its expansion into additional European markets.

Nesto is currently used across more than 3,000 restaurants, supporting over 100,000 employees daily, from independent restaurants to large chains. Its platform is trusted by leading brands such as McDonald's, L’Osteria and Lagardère Travel Retail.

Notably, the company has achieved this growth without institutional capital until now, highlighting strong product-market fit and rapid adoption in the hospitality sector.

Dr Theodor Ackbarow, co-founder and Executive Chairperson of Nesto, “We are deeply rooted in this industry and know first-hand how complex day-to-day life in restaurants and multi-location businesses can be. Our vision is to absorb this complexity through our platform and be a valuable companion to the operator, who can focus on making the final decision. With Expedition, we have found the right partner to support the next chapter of our ambitious growth journey.”

Felix Kaiser, co-founder and CEO of Nesto, said, “The hospitality industry is at the beginning of a fundamental AI-driven shift and operators are feeling it through rising labour costs, staff shortages, and growing complexity. Nesto acts as a digital co-pilot for site managers: from demand forecasting and shift planning to real-time operations. A restaurant is only as good as its team, and our platform gives managers and employees the insights and automation to focus on what matters most incredible food and great guest experiences.”