ANTWERP/ AMSTERDAM, 19 May 2021 – Apicbase, the international hospitality tech scale-up, announces it raised 4 million euros in a Series A funding round led by Volta Ventures, along with early existing investors Newion, AAA Fund and Business Angels.
The Belgian SaaS company, founded in 2017, develops a food & beverage management platform for hospitality and food businesses, and consistently delivers strong growth rates.
The digitalization of the hospitality sector is booming, and Apicbase offers an effective answer to this. Year after year, the company is recording 100% growth.
This growth did not stop, even in the year of the coronavirus, which was very difficult for hospitality businesses.
Apicbase simplifies the supply chain of large hospitality businesses. It centralizes the many kitchen processes in the cloud, automates calculations, provides insight into big data, and predicts purchasing volumes, regardless of the number of locations or concepts the hospitality business manages.
Apicbase forms a single source of truth for F&B management and integrates seamlessly with other platforms such as POS systems, accountancy, and payroll.
Staff no longer need to check multiple apps, spreadsheets, or tools to make cost calculations or look up recipes. Apicbase automates inventory management and users can purchase directly from their suppliers via the software.
This minimises the workload and significantly reduces the likelihood of errors occurring.
Management disposes of a dashboard with accurate data to guide the decision-making process; in particular to avoid waste and increase margins.
Apicbase will use the fresh capital to reinforce three product pillars: usability, forecasting through artificial intelligence and scalability for enterprise customers.
Carl Jacobs, CEO and co-founder: “We are using the capital increase to grow the platform and solve the specific challenges of large enterprises. We are recruiting plenty of talent, not in the least additional developers. By the end of 2022, we plan to double the number of employees and open offices in New York, London and Amsterdam.
Pieter Wellens, CTO and co-founder: “Today we are the product leader in our niche, and we want to consolidate that position through continuous innovation. Already, Apicbase can predict the purchases and production plans of multiple sites with great precision. But we continue to make the software smarter. For example, we are systematically rolling out additional AI features that incorporate more variables into the calculations for even more powerful forecasts.”
“As Volta Ventures, we are very much looking forward to supporting Apicbase in their international expansion”, states Koen De Waele, Venture Partner Volta Ventures, “The growth of the last years as well as the rollout of several enterprise customers in the various segments of the hospitality industry shows that Apicbase is truly the beating heart in hospitality, both in the kitchen and in the boardroom”.
Apicbase is an F&B management platform for multi-unit restaurants, ghost kitchens, meal-kit businesses, and large-scale catering. Customers include La Place, Be Burger, Sodexo, Not So Dark, Citizen M hotels and Tastyoo.