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Foodomarket, a digital B2B food marketplace for the hospitality industry, has raised £9.5 million in a Series A funding round to invest in its UK expansion.
The round was led by Alven Capital, a leading European venture capital firm that has supported other successful marketplace businesses including Ankorstore, Meero, and OpenClassrooms.
The new funding will be used to support the company’s official UK launch, including expansion out of London as well as the first elements of expansion in the US.
Eric Nivoix, co-founder and CEO of Foodomarket, said: “This is a major moment in Foodomarket’s evolution. When we set out, our aim was to mend a broken, outdated system and generate opportunity for entrepreneurs and small business owners. The funding announced today goes a long way towards helping us achieve those goals.
“We’ve had first-hand experience of launching and running restaurants, so we know the problems these business owners face day to day. Foodomarket was built by restaurant owners, for restaurant owners.Our impressive performance in France shows we’re doing something right and launching our offering in the UK was the logical next step. We can’t wait to hit the ground running.”
Foodomarket is a French company headquartered in Paris due to expand in the UK.
