# Innovorder

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innovorder

- Industry: Software
- Headquarters: Paris, France
- Website: www.innovorder.fr
- Total disclosed funding: $13M
- Latest round: Series A (Jun 20, 2019)
- Investors on record: 7

## About

Innovorder is a French technology company that provides an integrated ecosystem for the food service industry, focusing on enhancing operational efficiency and profitability in restaurant management.Founded in 2014 in Paris, France, Innovorder offers technology solutions tailored for the food service sector. The company has not undergone any major business pivots or changes, and it operates independently without subsidiaries. Innovorder was co-founded by Jérôme Varnier and Romain Melloul, with Jérôme Varnier currently serving as the CEO. Innovorder raised EUR 5 million in funding on June 4, 2020, led by Eiffel Investment Group, with participation from Evolem, FJ Labs, INOCAP Gestion, KREAXI, and Petit Poucet Participation. This amount is the total raised to date, with the company now valued at EUR 17.128 mn.Innovorder specializes in providing an all-in-one ecosystem tailored for the commercial and collective food service sectors, emphasizing efficiency and profitability in restaurant operations. The company's core offerings include self-service kiosks, online ordering systems, AI-driven solutions like Scan Click & Serve, connected refrigerators, comprehensive point-of-sale systems, automatic bill acceptors, and electronic wallets. These products facilitate seamless order management and payment processing, enhancing the customer experience in settings such as fast food outlets, food courts, franchises, dark kitchens, and more. Innovorder serves a diverse clientele, including collective catering organizations, educational institutions, health services, and recreational venues, primarily targeting markets in Europe and expanding into other regions.Innovorder generates revenue through a structured model that includes subscriptions and partnerships with various food service establishments. Clients typically pay for the implementation and ongoing use of Innovorder's technology solutions, involving initial setup fees and recurring subscription charges tailored to specific products utilized like their flagship point-of-sale systems and online ordering platforms. This transaction structure supports both B2B relationships with businesses and direct-to-consumer interactions, enabling restaurants and catering services to effectively leverage Innovorder's technology and create sustainable revenue streams while enhancing operational efficiency and customer engagement.Looking ahead, Innovorder plans to develop new products aimed at further enhancing its offerings within the food service sector. The company intends to expand into additional markets throughout Europe and beyond, with specific targets set for 2024. The EUR 5 million raised in June 2020 will be allocated to support these product developments and market expansions, enabling Innovorder to continue its trajectory of innovation and customer service enhancement.

## Funding rounds

- Series A, Jun 20, 2019, $11M — Kreaxi, Evolem, FJ Labs, Petit Poucet Participation, INOCAP Gestion, Eiffel Investment Group, Anaxago Capital
- Series A, Sep 18, 2017, $2.1M — Kreaxi, Petit Poucet Participation, INOCAP Gestion

## Investors

- Kreaxi (https://capitalatlas.ai/funds/kreaxi) — Series A
- Petit Poucet Participation — Series A
- INOCAP Gestion — Series A
- Evolem — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Eiffel Investment Group (https://capitalatlas.ai/funds/eiffel-investment-group) — Series A
- Anaxago Capital (https://capitalatlas.ai/funds/anaxago-capital) — Series A