Led by Zigg Capital, Allo has raised a Series A financing round of more than 12 million euros (14 million dollars). The Munich startup plans to expand its AI-native operating system for restaurants and launches a reservation and order agent for phone inquiries. In the past, Allo received funding of 1.4 million euros in 2022 and 4.6 million euros in 2024. With this and especially with the new financial resources, Allo is increasingly positioning itself not just as a point-of-sale system or restaurant SaaS, but as a platform for “digital employees”. The first agent is designed to answer calls, record reservations, and transfer takeaway orders directly into the system.
Allo grows to over 1,000 restaurant locations in Germany
Allo is now used at more than 1,000 active restaurant locations in Germany. Since the 2024 seed round, locations have grown by a factor of six, and revenue by a factor of 3.5. And the more money comes in, the more visibility follows, as 30 percent of new customers now come through referrals.
Zigg Capital leads Series A – 20VC and Keen invest again
The Series A is led by Zigg Capital. New investors include LifeX Ventures, Aperture, and Wecken & Cie. 20VC and Keen Venture Partners also invest again. Business angels include Fabian Siegel, Mark Ransford, and Ludwig Fuchs.
Allo is also expanding its board and advisory board with Elizabeth Chrystal from Zigg Capital, former gastro manager Cornelius Everke, and Matt Baumgartner, formerly Product Director at Toast.
AI agents instead of more dashboards
Allo plans to launch more than ten digital employees over the next 12 to 18 months. Following the reservation and order agent, an inventory agent for supplier orders and consumption data as well as a menu agent for cross-channel menu updates are planned.
Separate systems for point of sale, delivery platforms, kitchen, reservations, payments, and reporting are a common problem for restaurants in practice. Allo offers POS, payments, scan-to-order, delivery integration, webshop, and reporting, and aims to revolutionize restaurant systems.
Focus on ethnic gastronomy as market entry
Allo started with a focus on ethnic gastronomy, which according to the company accounts for around 70 percent of restaurants in Germany. These establishments often have complex menu structures, multilingual teams, various ordering channels, and tight margins.
This is exactly where Allo wants to score with an integrated system. According to the company, setup takes less than 30 minutes, while traditional POS setups can take several weeks.
