Last.app, a business operating system for restaurants, has secured a €5 million funding round led by Nauta Capital with participation from existing investors, All Iron and Bynd.
Last.app’s model as a restaurant’s operating system is designed to integrate with any type of software and hardware and offers a range of native modules, such as PoS system, online reservations, delivery hub, e-commerce, order and pay, and more than 200 integrations to various existing services.
The Spanish startup was founded in 2019 by Iván and Eric Nikolic who had first hand experience of the pains felt by the restaurant industry during their time at Glovo and used their knowledge to launch a product in 2021.
Ivan Nikolic, CPTO, says: “The restaurant software industry is extremely fragmented, and restaurant owners feel overwhelmed by the many single function software available.”
“The future of the restaurant industry hinges on the seamless integration of a multitude of tools, each finely tuned to accommodate the distinct operational needs of individual establishments. We want to enable restaurants to harness the full potential of technology to meet their needs.”
Eric Nikolic, CEO, adds: “This investment round empowers us to continue on our growth trajectory, becoming leaders in Spain and beginning our expansion into the European market, while maintaining our commitment to technology and using our resources to ensure that the customers continue to be at the centre of what we do.”
Jordi Viñas, General Partner at Nauta Capital, comments: “We are always looking for vertical operating systems that address the ever changing needs of businesses in a consolidated manner.”
“When we found Last.app we knew it was a gamechanger for the restaurant industry in Europe. Last.app has the speed, technical know-how, flexibility, and low barrier to adoption for restaurants to benefit from it from day one and meet their customers’ expectations now and in the future.”