Paris Food Tech Startup Raises $80M to Expand Virtual Food Delivery Franchise 

Food tech startup Not So Dark (NSD) has raised $80 million in a Series B funding spherical it’s going to use to additional increase its digital meals supply franchise mannequin throughout Europe.

The funding was led by Kharis Capital and Verlinvest, with extra participation from Conviviality Ventures. With the contemporary capital, the corporate has raised $105 million so far, Tech Funding News reported on Monday (Sept. 26).

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Headquartered in Paris, France and co-founded in 2020 by Clement Benoit and Alexandre Haggai, the meals tech startup provides a franchised digital supply mannequin for bodily eating places. The service permits smaller eateries the possibility to run a cellular supply operation from their very own kitchens with a digital franchise that works within the background.

“Pivoting and starting from zero was a massive undertaking. But we saw so clearly that the future of the online delivery industry was in forging partnerships with traditional restaurants — not competing with them,” stated Benoit, per the information outlet.

Benoit added that the brand new capital will assist bolster the corporate’s “market leadership in France” whereas additionally serving to it increase its footprint “across Europe at a very fast pace.”

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Not So Dark at present has a portfolio of 150 companions that function in additional than 100 cities together with a workforce of 100 staff. Artificial intelligence and machine studying energy the platform’s built-in information analytics.

“We’ve studied the dark kitchens market and watched its rapid development. We believe NSD cracked the model that essentially allows all parties involved to profitably grow their business while offering customers alternative and convenient food offerings,” Kharis Capital Managing Partner Daniel Grossman stated within the Tech Funding News report.

He added that in only a 12 months’s time, Not So Dark is already established as a “major figure in the sector.”

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