Munchfam funding news -Helsinki-based Munchfam Raises €600K in Funding
Oct 10, 2024 | By Team SR

Helsinki-based Munchfam raises €600K in funding. Running a restaurant is not easy. There’s over 1 million restaurants in the EU. 60 per cent of new restaurants fail in their first year of operation. 80 per cent in their first five. Competition is fierce with small profit margins. This means that restaurants need to be able to adapt and find revenue wherever they can. This is where Munchfam can help.
SUMMARY
- Helsinki-based Munchfam raises €600K in funding. Running a restaurant is not easy.
- Henri Auvinen, Sauli Lehtovaara, Wei Zhou, and Pertti Kallioinen created Munchfam in Finland.
It is revolutionising the restaurant industry with their innovative service platform, which blends premium ingredients, plug-and-play brands, and state-of-the-art digital technologies. These technologies boost productivity and profitability while enabling restaurants to succeed in all sales channels, including dine-in, delivery, and takeaway.
Members of the Munchfarm team have established and managed their own restaurant chains, so they have firsthand experience with how the food industry has changed as more diners choose to place their orders online. Munchfam's service makes it easy for eateries to take on this new challenge and prosper in this modern era.
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Pertti Kalloinen, CEO of Munchfam said, “We are thrilled to have the backing of great investors like Pitchdrive and Genesis among others, Their support underscores the value of our vision and accelerates our mission to transform the restaurant industry. I’ve built and run my own restaurant chains before. I know how hard it is to run a restaurant and I wanted to build a service for restaurants that helps them to survive and thrive. Something that I would have wanted to take into use in my restaurants.”
Munchfam intends to bring even more innovation to restaurants by using this additional funding in its current markets (Finland, Germany, Denmark, and Sweden) to scale and enhance the service platform.
About Munchfam
Henri Auvinen, Sauli Lehtovaara, Wei Zhou, and Pertti Kallioinen created Munchfam in Finland. Together, they have over 50 years of expertise in service business development and the restaurant industry in Silicon Valley, USA, Australia, and the EU.
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