Barcelona, Spain-based Last.App business operating system for restaurants raised EUR 5 million in funding. The round took place on November 15, 2023. Pan–European venture capital firm Nauta Capital led the financing for the company. Meanwhile, existing investors, All Iron and Bynd, joined in the funding.
Purpose of financing for the company
With the latest financing, the company seeks to expand its operations as well as its business reach.
What the company’s official has to say
Ivan Nikolic, CPTO and Co-founder of Last.app, further said, “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. At Last.app, we want to enable restaurants to harness the full potential of technology to meet their needs.”
In addition, Eric Nikolic, CEO and Co-founder of Last.app, commented, “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.”
What the investors have to comment
Jordi Viñas, General Partner at Nauta Capital, further added, “At Nauta, 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.”
About the company
Iván and Eric Nikolic launched the company in 2019. Last.app addresses a critical gap in the hospitality sector. Last.app offers one central interface where restaurant managers can plug in their reservation system, manage online orders as well and delivery services from multiple vendors. It also allows them to adopt new technologies like mobile payments. The app is a welcome change to an industry recognized for fragmented systems and restaurant managers needing multiple interfaces and systems for managing the technological advances in the industry. Last.app is hardware and software agnostic. Therefore, it enables restaurant managers to upgrade their systems as they need to, but always maintaining the same central management system.
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