Nory Raises $16 Million in Series A

Nory Raises $16 Million in Series A

Nory, a Dublin, Ireland-based restaurant technology company, has raised $16 million in Series A funding.

The round was led by Accel, with participation from existing investors, Cavalry, Playfair, Samaipata, and Triplepoint.

Accel is a venture capital firm that partners with exceptional teams from inception through all phases of private company growth. The firm invests in startups in seed, early, and growth-stage investments. It has offices in Palo Alto, California, and San Francisco, California, with additional operating funds in London, India, and China.

The company will use the funds to accelerate product development and international expansion.

Nory is an AI-driven platform designed to help restaurants manage and scale their operations efficiently. By centralizing operational data, Nory provides real-time insights that empower businesses to make informed decisions. It currently analyses historical data to predict hourly venue demand for each day. The company works with notable clients such as Buns from Home, Jamie Oliver Group, and Roasting Plant Coffee across the UK, Europe, and the US. The company's mission is to systemize success and become the world's largest restaurant technology company.

Funding Details

Company: Nory

Raised: $16.0M

Round: Series A

Funding Month: May 2024

Lead Investors: Accel

Additional Investors: Cavalry, Playfair, Samaipata, Triplepoint

Company Website: https://nory.ai/

Software Category: Hospitality