Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 343.535 Million

London-based Tenzo Secures £600k in Seed Round

Tenzo, an app using data analysis and machine learning to help restaurateurs run their business efficiently, has raised a £600,000 Seed round backed by Acequia Capital and Force Over Mass, alongside angels Charlie Songhurst, Michael Orland and Getti Restaurants.

The company, founded in London in February 2016 by Hummus Bros.’s cofounder Christian Mouysset and engineer Adam Taylor, had previously gone through Techstars London’s accelerator programme in 2016.

The platform gathers data from a variety of sources — from the restaurant’s point-of-sale (POS) info, to weather data, to online reviews and social media sentiment about the place— and assesses it to assist restaurant managers in spotting their most productive employees and detecting significant trends (customers’ favourite dishes, popular days for restaurant-goers, etc.)

Tenzo claims to be providing their platform to over 100 restaurants across Britain.

The company is now planning to use the fresh injection of cash to fuel its international expansion, grow its staff and further develop its technology.

“We’re excited to have investors on board who will provide us not only with capital, but also vast strategic experience in our market,” cofounder Mouysset said in a statement.“With their deep knowledge in both the hospitality and technology space, we know everyone involved in our Seed round will be a great asset to us, as we continue to scale our business globally.”

A spokesperson from investor Acequia Capital also commented on the round:“Tenzo has developed a leadership position in the market for hospitality technology through delivering actionable business insights from existing data sources. It is a great example of the type of founder-led, capital-efficient business that we like to invest in,” they said.

Image via bit.ly/2pdiHlJ

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