ORDA has successfully completed a seed financing round: The Munich-based startup raised more than one million euros. The ORDA founders support restaurateurs in their digitalization efforts and aim to offer app users a more relaxed restaurant experience.
The brains behind the company are Janis Marquardt, Peter Juras, and Christian Feuerbacher, who met while studying together at the CDTM (Center for Digital Technology and Management at LMU and TU Munich). They have developed an app that aims to make waiting times at restaurants a thing of the past.
The ORDA service digitizes ordering and payment in restaurants, thus accelerating processes for both the restaurateur and the guest.
"The ORDA app has great potential. It revolutionizes processes in the hospitality industry and makes them more effective,"
so Michael and Clarissa Käfer from Käfer Feinkost, who invested in ORDA.
Several investors on board
In addition to them, the Munich-based startup also convinced venture capitalists Alex Meyer, Thomas Wilke, and Konstantin Urban of 42CAP of its app idea during the first financing round. Business angels Jan Deepen and Stefan Jeschonnek, founders of the payment service provider SumUp, and serial entrepreneur and investor Christian Gaiser and Christian Kohlhof also invested in the restaurant app.
"With ORDA, not only does the guest experience a restaurant visit much more pleasantly. The app supports restaurateurs in digitizing their restaurants, relieves pressure in times of skilled labor shortages, and creates new revenue potential,"
so Christian Kohlhof, founder of the coffee chain chicco di caffè.
Team to double by the end of the year
In a second closing, Roland Grenke and Dr. Gerald Schönbucher recently joined the financing round.
The app has already established itself in fast-casual chains such as Dean & David and Kaimug, as well as in many cafes, burger joints, and other restaurants. By 2028, ORDA To be a pioneer in digital ordering and payment in the hospitality industry in Europe. All signs point to expansion. Therefore, the team is set to double in size by the end of 2018.
