Kuwait-based food vertical accelerator Savour has participated in a $600,000 seed round raised by Turkey-based digital ordering and restaurant management platform FineDine. This is the second time the Kuwaiti accelerator has invested in FineDine.
Other investors participating in this round included 500 Startups Istanbul, TechOne VC, two zero VC as well as a consortium of angel investors.
Founded in 2016 by Duygu Kutluoglu Kilic and Adil Burak Kilic, FineDine provides restaurant operators with devised AI-powered systems to help them make data-driven, informed business decisions. The platform also enables features like self-ordering and self-checkout through AI-driven interactive digital menus.
The company said that it will use the funds to continue developing its AI module and spur their growth in the countries they operate in.
“COVID-19 pandemic affected many businesses. The restaurant industry had one of the most significant hits. The change of regulations and consumer demand is forcing restaurants to digitize their operations rapidly, and FineDine products fit perfectly with restaurants’ new requirements,” said Duygu Kilic, co-founder and CEO of FineDine.
FineDine serves around 1200 customers in 64 countries.