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Restaurant management software from Flanders gets a big tip

Apicbase, a digital stock manager for the hospitality industry based in Antwerp (Flanders), raised EUR 4 million under the guidance of venture capital firm Volta Ventures. The funds will be used to optimize its software platform and open a new office in the US.

Simplifying restaurant management

Apicbase is a software as a service (SaaS) company that offers software subscriptions to simplify kitchen management in the hospitality industry. Its software centralizes the many restaurant processes in the cloud, automates inventory management, predicts purchasing volumes, analyzes sales by location and ensures streamlined management of the data via a clear dashboard.

What’s more, staff no longer need to check multiple apps or spreadsheets to make cost calculations or look up recipes. All of this minimizes workloads and reduces the likelihood of errors.

Growth ambitions in Europe and the US

To finance its growth ambitions, Apicbase raised EUR 4 million in a capital round (series A) led by Flanders-based venture fund Volta Ventures. A number of existing shareholders invested as well. These include AAA Fund, several Business Angels of BAN Flanders and Newion, a Dutch fund with a nose for promising Belgian tech companies.

Apicbase will use the capital to optimize its product; making it even more user-friendly and using artificial intelligence to make predictions about purchasing volumes. In addition, the company, which presently operates mainly in Belgium, the Netherlands and the UK, wants to expand into the US.

We will open an office in the US, possibly in New York. The competition might be tough there, but it’s also a market with a tremendous need for a software solution like ours. There are more chains that want to scale up.

Carl Jacobs
Apicbase CEO and co-founder

More info

Reported by
De Tijd newspaper
13 July 2021

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