Investment News

Munchfam Raises €600K in Funding to Revolutionize Restaurant Operations

Written by

Lotte Geldermans

Published on

October 10, 2024
Founders of Munchfam
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Munchfam, a trailblazing service provider for small restaurant owners, is excited to announce it has successfully raised €600K in funding. This investment round was led by Pitchdrive from Belgium and Genesis from Greece, with earlier support from notable entities such as Nordic Makers, Founders Edge, and seasoned leaders from Wolt, JustEat, Food Panda, and Bolt.

Founded in Finland, Munchfam is revolutionizing the restaurant sector by integrating state-of-the-art digital tools, ready-to-implement brand concepts, and premium ingredients into a unique service platform. This platform enables restaurants to optimize operations and boost profits across all sales channels—dine-in, delivery, and takeout.

CEO Pertti Kalloinen, who brings extensive firsthand experience in managing restaurant chains, highlighted the impact of Munchfam’s services: “Running a restaurant is challenging, and with such high failure rates within the first few years, our goal is to equip restaurateurs with tools that allow them to adapt and excel. Munchfam is the solution I wish I had during my time in the industry.”

The startup's leadership team, including co-founders Wei Zhou, Henri Auvinen, and Sauli Lehtovaara, brings over 50 years of collective experience in the restaurant and service industry from across the EU, Australia, and Silicon Valley. This diverse expertise ensures Munchfam's offerings are both innovative and practical for today's market challenges.

With the new funding, Munchfam is set to expand its innovative platform in existing markets such as Finland, Germany, Denmark, and Sweden, continuously striving to bring cutting-edge solutions to restaurateurs in these regions.

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