Pleez nets €2M investment
The Portuguese startup Pleez which provides technology solutions for delivery platforms such as Glovo and Uber Eats, has attracted a €2 million investment led by Lince Capital.
The capital that has been raised will be used to double the team to 60 people and reinforce the company’s presence in the Iberian market.
The Series A bridge investment round was led by the Portuguese venture capital company Lince which raised the funds with other funds such as Atlantic Food Labs and Axel Springer Porsche – both of which had invested in Pleez last year.
Apart from developing technology solutions for delivery platforms, the goal is also to enhance sales from restaurants that operate on these platforms using a ‘menus active management service’.
Its solution has enabled restaurants to up their sales by around 15%, with this increase even greater over the medium and longer term. The platform already manages over 72,000 orders per month after just six months.
The co-founder of Pleez, Afonso Pinheiro, said he was “delighted” to attract a Portuguese investment group for the first time” and said the startup had “high hopes for the future”.
“We are sure that this new investment round will help us in the internationalisation process and help all players in the catering industry to take more informed decisions in relation to their businesses”, he said.