The total investment amounted to €700,000. The first investment for €300,000 was previously invested by the company from its own money and the funds of investors. The startup did not disclose the name of the fund.
Shortly, the company plans to close the €5 million round.
“We see how rapidly similar startups are developing in the States and Australia. The niche is gaining momentum. We have very good traction and we started earlier than everyone else. We make an all-in-one restaurant solution that combines menu, delivery, payment, and reviews. This is our competitive advantage compared to, for example, Expirenza, which Monobank recently bought,” said Vladimir Olyanitskii, co-founder of the startup and General Manager for Eastern Europe.
Now the company has 5,000 registrations, of which 30% have subscribed. Choice QR is already in operation in 25 countries. The largest markets are Ukraine and the Czech Republic.
The startup plans to spend investments on expanding functionality, strengthening existing markets, and expanding into new ones. Choice QR plans to launch a QR code payment function at the table. As well as the function of booking tables.
Now the company has two offices: in Ukraine and the Czech Republic. In total, they employ about 35 people.
SAAS startup Choice QR launched late last year. Alexey Ilyash and Vladimir Olyanitskii became the co-founders. The start-up capital was 150,000 euros.
