Participated · Seed · Apr 2022

Pleez builds technology solutions for delivery platforms like Glovo and Uber Eats, including a 'menus active management service' designed to boost restaurant sales. The platform manages over 72,000 orders per month after six months of operation and has enabled restaurants to increase sales by around 15%, with larger gains expected over the medium and long term. The company will use the new funding to double the team to 60 people and reinforce its presence in the Iberian market. Management says the round will aid Pleez's internationalisation efforts and help catering-industry players take more informed decisions. The article notes prior backing from Atlantic Food Labs and Axel Springer Porsche. Pleez is based in Portugal. Pleez is a Lisbon-based foodtech startup that employs AI to analyse menu performance and competitor offerings. Its platform examines menus from multiple angles and provides actionable insights intended to increase revenue and ticket size. The company says customers see a 25% lift in sales from its recommendations. Pleez raised a €1.5 million seed round to further develop its technology stack and support pan‑European expansion, with an initial push into Spain. The seed was led by Berlin’s FoodLabs and saw participation from Shio Capital, existing investors Wisenext and APX, and angel investors including the founders of Orderbird. FoodLabs framed the investment as backing Pleez to help grow the food delivery market across Europe.

Participated · Seed · Sep 2021

Reckon builds checkout-free, ‘grab and go’ retail solutions that let customers pick items and leave without cashier interaction. Its proprietary technology combines cloud AI algorithms and product recognition to automatically identify products using core characteristics and sensor combinations. The solution is designed to be easily and quickly scalable without the need for on-site installations, improving recognition accuracy and fraud prevention. Reckon sees 5G as a key enabler to migrate onsite processing to the cloud, lowering latency, simplifying installations and increasing efficiency and flexibility. Founded in 2017, the company is positioning to establish a strong presence in Europe and the Middle East and to work with well-known retail partners. It recently secured external funding to accelerate this expansion.