wi-Q secures £3m Series A investment from Praetura Ventures to fund international expansion
Praetura Ventures has backed the Manchester digital payments start-up to help scale its services globally.
Manchester-based wi-Q develops mobile ordering and payment technology for the hospitality and leisure sector. Its software solutions enable venues to manage orders in real time and improve guest experiences.
Manchester-based digital payments start-up wi-Q has secured £3m in Series A funding from venture capital firm Praetura Ventures. The capital will be deployed to accelerate international expansion into the US and Asia-Pacific regions, alongside enhancing the company product offering.
Founded in 2014, wi-Q provides mobile ordering platforms such as Dash and Enterprise to clients across 32 countries, supporting hotels, restaurants and leisure brands. The surge in digital adoption within hospitality following the pandemic has driven demand for the firm technology.
The investment was led by Sim Singh-Landa, Tania Rahman and Guy Weaver from the Praetura Ventures investment team, with the firm offering additional operational support to aid global scaling.
From the founder
"I am excited for what will be the most transformational phase for both wi-Q and hospitality technology. The global pandemic has accelerated both the demand for, and adoption of mobile ordering, and hospitality brands will want to have much more than ordering functionality to give them a competitive advantage. With this investment, we are looking ahead to the next chapter that will see convergence of technology to generate revenue and digital engagement. The most innovative hospitality brands are already working with us to bring big data and AI into their wi-Q solution to maximise guest experience and revenue opportunities."
Patience Tucker
CEO at wi-Q
Investor perspective
"wi-Q is an early pioneer in its field, and the team has spent time honing their product market fit which has given them a real edge over the competition. The business has a clear proposition for the leisure and hospitality sector, and it is ready to scale globally and lead this market. We cannot wait to work with Patience and the team, and our experts at Praetura will do everything we can to support them as they grow. Our operational partners have helped to scale businesses across the world, so several will be supporting the wi-Q team with their global plans as they expand their technology into new territories."
David Foreman
Managing Director, Praetura Ventures
Use of funds
- 01Expand into international markets
- 02Continue product development