A Bristol tech firm has secured £250,000 to develop its software used in self-service kiosks in restaurants and takeaways.
Kurve, which is based in the Whitefriars Business Centre in the city, was founded in 2021 and has 110 customers with more than 210 sites, including food chains Abokado, Pelicana and Ready Burger.
The business said the seed capital it had raised would be used to “invest heavily” in marketing and brand awareness over the next year. Kurve said it had an “ambitious” target of achieving 500% growth within the next four years.
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Founder and chief executive Steven Boyes added that the money would also be used to further develop the company’s operations team, as it looks “rapidly expand” its customer base.
Mr Boyes said: “Following the pandemic hospitality operators have faced growing pressures of staff shortages and escalating operational costs. Self-service has not only seen a rise in its appeal, especially amongst younger consumers, it also significantly reduces costs, increases average transaction values and boosts customer satisfaction.
“We see a massive untapped opportunity for Kurve’s in-store kiosk, PoS, web or mobile platform that is ideal for hospitality operators looking to make an easy and affordable switch to contactless ordering. We offer users a slick and easy user experience and our cloud-based solutions can also integrate into existing PoS systems.”
Mark Lilley, the founder of London health food takeaway chain Abokado, was among those to participate in Kurve’s seed funding round. Mr Lilley said: “All the signs are that this market is set for huge growth, across both hospitality and retail, and I’m delighted to have been able to invest. I look forward to seeing Steve and the team take Kurve from strength to strength.”
Kurve said it would now planning to to secure Series A funding towards the end of next year, in a bid to further accelerate growth and enter new markets.
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