Hospitality tech company Tenzo have successfully closed a £600,000 seed round, attracting investment from angel investors and venture capital firms to fund international expansion.
The tech startup helps restaurants save money by analysing its data to deliver tactical insights for managers to action in real time. Founded by Christian Mouysset, co-founder of Hummus Bros, and Adam Taylor, who led McKinsey’s fast growth tech work on the US west coast, Tenzo helps restaurant managers identify their most productive member of staff, get more accurate business forecasting and get a better understanding of the most and least popular dishes; ultimately making businesses more efficient and cutting costs.
Its seed round attracted investment from firms including Acequia Capital, Force Over Mass and angel investors Charlie Songhurst, Michael Orland and Getti Restaurants. The financing will be used to fund Tenzo’s continued international expansion, new hires and for further investment in its proprietary technology platform.
Christian Mouysset, co-founder, said: “We’re excited to have investors on board who will provide us not only with capital, but also vast strategic experience in our market. With their deep knowledge in both the hospitality and technology space, we know everyone involved in our seed round will be a great asset to us, as we continue to scale our business globally.”
“Tenzo has developed a leadership position in the market for hospitality technology through delivering actionable business insights from existing data sources” said a representative at Acequia Capital. “Christian and Adam have the perfect combination of technical and operational experience to build a scalable and defensible platform that helps businesses optimize through data. Tenzo is a great example of the type of founder-led, capital-efficient business that we like to invest in.”
Current users of the platform include Getti Restaurants, Upham Group, Macellaio RC and Chillango. Since launching in 2016, Tenzo has worked with restaurants across 100 locations in the UK and US.
“Tenzo has developed a leadership position in the market for hospitality technology through delivering actionable business insights from existing data sources” said a representative at Acequia Capital.
“Christian and Adam have the perfect combination of technical and operational experience to build a scalable and defensible platform that helps businesses optimize through data. Tenzo is a great example of the type of founder-led, capital-efficient business that we like to invest in.”