"Nesto Software GmbH has raised €11 million in growth equity from Expedition Growth Capital, targeting product development and the expansion of its AI assistant, NORA, for restaurant workflows."
"Founded by engineers from the Karlsruhe Institute of Technology, Nesto manages scheduling, demand forecasting, HR workflows, and payroll for over 3,000 restaurant locations across Europe."
"Expedition Growth Capital invests in bootstrapped European software companies with over €5 million in annual recurring revenue, believing they have closer customer relationships and disciplined unit economics."
Nesto Software GmbH, a Karlsruhe-based workforce management platform, secured €11 million in growth equity from Expedition Growth Capital. The company, founded by engineers from the Karlsruhe Institute of Technology, manages scheduling and HR workflows for over 3,000 restaurant locations. This funding marks Nesto's first institutional investment, aimed at accelerating product development and expanding its AI assistant, NORA. Expedition Growth Capital focuses on bootstrapped European software businesses with significant annual recurring revenue, emphasizing the advantages of companies built without external funding.
Read at TNW | Investors-Funding
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