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Our porfolio company Qrunch secures investment

Qrunch, a start-up that is building a SaaS platform and offers the installation of QR code based systems in restaurants and hotels, accelerating the digitization of the industry and enabling hospitality teams to achieve better service quality with less invested work while improving the customer experience, has received a pre-seed investment of 30 thousand Euros from an Estonian investment platform Decamel with a performance based option to bag another 170 thousand euros totalling up to 200 thousand euros.

Funding will be used for further technology development and integrations with hotel and restaurant POS/PMS systems,as well as in setting up new sales processes with the aim of expanding the company’s operations in 5 new markets in the European Union, as well as in Turkey and the United Arab Emirates.

Qrunch currently operates in four EU markets – Latvia, Lithuania, Poland and Germany and is one of the leaders in its industry, already improving the guest experience in 4 and 5 star hotels, such as Wellton Riga, and also in several chain restaurants such as Vairak Saules, Chilli Pizza and Yakuza. Qrunch is a QR code-based solution that fully automates ordering and allows guests to order food and beverages from their rooms, restaurant and other areas of the hotel and request services such as housekeeping or simply asking for help. Technology provides an opportunity to serve guests in their language and reduce waiting time, as well as increase service quality, reducing the burden on staff.

While the scene is rather competitive as many startups see the opportunity in hospitality industry’s digitalisation, Qrunch is tackling the competition by being one of the easiest-to-use solutions that does not require complex implementation and extensive training of staff.

The Investment was done by Decamel – a company that offers investment opportunities to international investors and debt instruments that support asset and real estate backed financing through scalable, digital and easy-to-use innovative portfolio management technology. Additionally, Decamel aims to provide risk-seeking investors opportunities to invest in equity of start-up companies as it was done this time.