Orda, a cloud-based restaurant operating system, has secured a $3.4 million seed investment to help address issues that affect small, independent restaurants, such as limited access to technology that makes reconciliation and inventory management difficult.
Customers can use the Nigerian food tech platform to access numerous software capabilities, such as order management, an omnichannel interface, interfaces with food aggregators, delivery platforms, and setting up employees.
Remember that Orda raised $1.1 million in pre-seed fundraising in January, increasing its total funding this year to $4.5 million.
The investment was co-led by New York-based FinTech Collective and Quona Capital, a developing market investor.
Additional investors include existing investors such as LoftyInc Capital, Enza Capital, and the Norrsken Foundation, as well as new venture capital firms such as Outside VC and Far Out Ventures.
Kofoworola Agbaje, a senior investment associate at Quona Capital, explained why her business is sponsoring the food tech company:
“It’s tremendously empowering for a restaurant owner to transition from pen and paper to a completely automated digital platform.”
Agbaje emphasized that she feels a solution like Orda may have a huge influence on small and medium-sized eateries, as well as the livelihoods of the individuals who run them.
