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Home World Regional News Europe

German based allO raises €1.4M

Femi Thomas by Femi Thomas
12/22/2022
in Europe
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allO Germany

allO Germany

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Munich-based allO has raised €1.4 million in seed funds. 

The round is led by the Amsterdam/London VC Keen Venture Partners, and Delivery Hero chairman Martin Enderle.

Founders Benedikt von Lewinski, Cancan Liu, and Teodor Rupi aim to strip away siloed kitchen software tools, replacing them with a single “gastronomy”-driven PoS wired to the eatery’s menu and live customer orders.

The founding team says they’ve also included a third-party app store that automatically ties in on-demand food delivery interfaces, including back-ends for the popular takeout courier Wolt, JustEats-owned Lieferando, and UberEats.

allO’s also promises to support cash payments rather than insisting on restaurants using connected smartphone fintech POS terminals.

It says cash still rules the roost in Germany even after COVID accelerated take-up of contactless payments, and the option to use coins and banknotes may prove popular with traditional food fronts reluctant to cover card transaction fees.

The seed money’s expected to aid allO’s German expansion, building on its current four-person headcount.

 

Read more on Tech Gist Africa:

Germany-based VMRay raises €32M

Germany’s Fashion data exchange FashionCloud gets €25M

Germany’s limehome raises €45M

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