Innovorder, a French restaurant technology company specialising in the digitalisation of restaurant operations, has raised €20 million in a funding round led by UL Invest, the family office of technology entrepreneur Laurent Useldinger.
The transaction combines a capital increase with the partial buyout of shares held by existing investors. Evolem, which first invested in the company in 2019, remains a shareholder following the operation.
Founded in 2014, Innovorder develops cloud-based software and digital solutions for restaurant operators across both commercial and contract catering. Its all-in-one SaaS platform supports a wide range of operational functions, including order management, payment processing, kitchen operations, business management, customer loyalty, and AI-powered reporting.
The company serves customers across multiple segments, including quick-service restaurants, bakeries, coffee shops, food courts, transport catering, as well as schools, universities, hospitals, and corporate dining facilities. In the European contract catering market, estimated at €22 billion and still largely reliant on legacy systems, Innovorder has established a strong presence as a cloud-native technology provider.
Over the past 18 months, the company has expanded its focus on artificial intelligence, building a dedicated AI team and deploying its first AI agents for customers. Central to this strategy is Atlas, Innovorder’s proprietary platform designed to automate operational and management tasks while integrating with existing software systems. The company says the technology helps restaurant operators improve efficiency and reduce the time spent on routine administrative work.
The funding comes as Innovorder continues to expand across the European restaurant technology market. The company said it has been profitable since 2024 and reports annual organic growth of 40 per cent. It expects to generate €15 million in revenue in 2026.
The new capital will be used to support Innovorder’s next phase of growth, including further product development, expansion across European markets, potential acquisition opportunities, and the strengthening of its position in both commercial and contract catering.
Would you like to write the first comment?
Login to post comments