Innovorder, a French foodtech company providing digital solutions for restaurant chains and food service operators, has raised €20 million in funding led by UL Invest, the family office of Laurent Useldinger. The investment will support product development, AI innovation, platform expansion, and European growth.
Accelerating AI and Product Development
Despite being profitable since 2024 and growing 40% annually, Innovorder chose to raise capital to accelerate its position in the next phase of restaurant digitalization. The company plans to strengthen its AI capabilities, including the rollout of Atlas, an AI agent orchestrator designed to automate administrative tasks, analyze data, and generate operational alerts.
Building a Unified Restaurant Platform
The funding will also support the development of new native modules and strategic acquisitions. The goal is to create a more comprehensive platform that reduces the need for multiple tools and integrations while providing a unified system for restaurant operations and management.
Expanding Across Europe
Innovorder currently serves more than 3,000 restaurants and operates in France, Spain, and Italy, with expansion into Morocco underway. The company aims to become a leading European foodtech platform through a combination of organic growth and acquisitions in a fragmented market.
Investing in Long-Term Growth
The company plans to expand teams across product, technology, AI, sales, and operations while continuing to invest in platform development. Innovorder positions the funding round as a step toward building a long-term technology partner for restaurant operators across Europe.