Last.app, a business operating system for restaurants, has successfully secured a €5 million funding round led by the pan–European venture capital firm Nauta Capital with participation from existing investors, All Iron and Bynd.
Last.app is changing the life of restaurant owners in Europe. Its unique model as a restaurant’s operating system is designed to integrate with any type of software and hardware to enable a quick and easy adoption by any type of restaurant. Last.app is leading today’s fragmented restaurant software industry with a diverse range of native modules, such as POS system, online reservations, delivery hub, e-commerce, order and pay, and more than 200 integrations to various existing services used by restaurants.
Founded in 2019 by Iván and Eric Nikolic, Last.app was created to address a critical gap in the hospitality sector. Restaurants traditionally needed to use a myriad of applications or overhaul existing systems to keep up with shifts in customer demands. The Nikolic brothers had first-hand experience of the pains in the restaurant industry during their time at Glovo and used their knowledge to launch a market-ready product in 2021.
Ivan Nikolic, CPTO and Co-founder of Last.app, said: “The restaurant software industry is extremely fragmented, and restaurant owners feel overwhelmed by the many single-function software available. The future of the restaurant industry hinges on the seamless integration of a multitude of tools, each finely tuned to accommodate the distinct operational needs of individual establishments. At Last.app, we want to enable restaurants to harness the full potential of technology to meet their needs.”
With an impressive and diverse clientele spanning large restaurant chains, delivery brands, and small-scale dining establishments, Last.app has achieved distinction and great customer satisfaction by offering a product adaptable to the unique requirements of each business.
Eric Nikolic, CEO and Co-founder of Last.app, commented: “This investment round empowers us to continue on our growth trajectory, becoming leaders in Spain and beginning our expansion into the European market, while maintaining our commitment to technology and using our resources to ensure that the customers continue to be at the centre of what we do.”
In the last five years, restaurants have seen a behaviour shifts as customers now expect online reservations, take-away options, frictionless payments among other services. Last.app offers one central interface where restaurant managers can plug in their reservation system, manage online orders and delivery services from multiple vendors and even adopt new technologies like mobile payments. This will come as a welcome change to an industry known for fragmented systems and restaurant managers needing multiple interfaces and systems to manage the technological advances in the industry. Last.app is hardware and software agnostic, therefore enabling restaurant managers to upgrade their systems as they need to, but always maintaining the same central management system.
Jordi Viñas, General Partner at Nauta Capital, added: “At Nauta we are always looking for vertical operating systems that address the ever-changing needs of businesses in a consolidated manner. When we found Last.app we knew it was a gamechanger for the restaurant industry in Europe. Last.app has the speed, technical know-how, flexibility, and low barrier to adoption for restaurants to benefit from it from day one and meet their customers’ expectations now and in the future.”