The funding round was led by Fuel Ventures with participation from several existing backers and angel investors.
"We’re bullish on the incredible potential of tech-enabled hotels. In the age of AI, we’re on a mission to ensure that no property is left behind, whether it’s an independent without an IT department or a group committed to implementing its digital strategy. With our latest funding round, we are poised to accelerate our growth, double down on our enterprise offering, and serve the new breed of hoteliers globally."
The Series A round was led by Amadeus Capital Partners and S28 Capital to support product development and growth.
"While the pandemic has accelerated this adoption, most Restaurant PerformanceOps rely on experience instead of augmenting that with forecasting using learning models and relevant data. Consequently, the restaurant industry is one of the biggest contributors to food waste. Tenzo’s innovative solution leverages the power of AI using the most appropriate data sources and pertinent models. The PerformanceOps product enables restaurants of all sizes to optimise their operations and reduce food waste, making them more sustainable and profitable."
The funding round draws backing from executives across GoCardless, Thredd, Elavon, and other major financial services firms to support commercial growth.
"Research confirmed that the issue faced was universal, with up to 20% of travel bookings failing at checkout as a result. However, for many online travel agencies and airlines, building this solution on top of complex legacy infrastructure can be too expensive and time-consuming. Large players are looking for a solution that sits across their existing payment infrastructure, and that is exactly what Hands In provides."
