Investors take a £600,000 bite out of restaurant platform Tenzo
Launched in 2016, the hospitality platform provides real-time insights to 100 restaurants across the UK and US including Hummus Bros and Chilango
An early-stage business which uses data analytics to help restaurants save money, Tenzo, has successfully closed a £600,000 seed round with backing from Acequia Capital and Force Over Mass Capital.
Angel investors including Charlie Songhurst; of Katana Capital and the Songhurst Group, Michael Orland; former chief systems officer at Songkick, and food chain Getti Restaurants also participated in the round.
Launched in 2016 out of the Techstars London accelerator by Hummus Bros co-founder Christain Mouysset and McKinsey executive Adam Taylor, Tenzo delivers actionable insights to owners, managers and in-store employees, in real-time by aggregating relevant data from restaurant locations.
Said to enable restaurants to run more effectively and more profitably, the platform – used by the likes of Hummus Bros, Chilango and Durham Group – is set to be developed further on the back of the new investment and there is also plans to continue to add new hires and support international expansion.
Mouysett, who recently interviewed with Growing Business on the rise and rise of Hummus Bros, commented:”We're excited to have investors on board who will provide us not only with capital, but also vast strategic experience in our market.
“With their deep knowledge in both the hospitality and technology space, we know everyone involved in our seed round will be a great asset to us, as we continue to scale our business globally.”
Investor Acequia Capital added:
“Tenzo has developed a leadership position in the market for hospitality technology through delivering actionable business insights from existing data sources. [It] is a great example of the type of founder-led, capital-efficient business that we like to invest in.”