Allo raises 1.4 million euros
The Munich-based start-up wants to digitize restaurants and support restaurateurs in setting up their own business. Martin Enderle from Delivery Hero also invests.
The Munich-based software-as-a-service company Allo raises 1.4 million euros. The money comes mainly from Keen Venture Partners from London, which led the round. However, angel investors such as Martin Enderle, Chairman of the Supervisory Board at Delivery Hero, also invested in the company.
The three founders want to use the fresh capital to grow the company and expand throughout Germany. Cancan Liu, Teodor Rupi and Benedikt von Lewinski founded the start-up in 2020 with the aim of providing local restaurants with digital options comparable to those of large franchise restaurants.
Allo offers two models. The smaller one is aimed at cafés, bubble tea chains or fast food cafés and costs 59 euros per month. The more comprehensive package is aimed at medium-sized restaurants and cafés and costs 99 euros per month. Reservation management, marketing and franchise management are then added to functions such as the POS system, the digital floor plan or the cash book.
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