UK-based hospitality technology company Embargo has raised $3.5 million in fresh funding.
The round saw participation from several investors, including Paul Statham (founder of Condeco), Christo Georgiev (founder of myPOS), Hampton Finance (backed by the Chantler family, founders of Meadow Foods), Stephen Zinser, Carl Christian Reiner, and Oh Polly along with its founder Mike Branney.
The company plans to use the capital to expand operations and further develop its platform.
Founded by Frederick Szydlowski and Tsewang Wangkang, Embargo provides a CRM, loyalty, and ordering platform designed for coffee shops, restaurants, and bakeries. The platform enables businesses to manage customer retention and boost digital sales across multiple channels, including in-store, click-and-collect, and delivery.
Embargo’s platform is currently used by nearly 3,000 venues across the UK, Poland, and Western Europe. According to the company, it has processed more than 13 million transactions and digital stamps, reflecting growing adoption among small and mid-sized hospitality operators.
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By Proptechbuzz
By Ravi Kumar