Techsavvy reports that OrderYOYO recently closed it’s series A round. The round, at over € 5 million, was with both existing and new investors participated. OrderYOYO is a startup that focuses on creating services in the take-away business, a field where there already have been some very strong startups emerging from the region, such as Just-eat and Hungry, as well as newer ones such as Restaurang Online. OrderYOYO does the take-away business with a twist, enabling restaurants to have more control over their online presence. It is an online restaurant ordering system and not just a portal for ordering food.
“The essence of e-commerce is to own your customers and make sure they come back again and again directly to your own webshop. All major take-away sites, such as Dominos, have already developed their own online booking. OrderYOYO allows small takeaway restaurants to get their own setup and meet customers’ desire for online booking.” says Thor Angelo to Techsavvy
The startup was funded by serial entrepreneurs Thor Angelo, who in 2012 left his former startup, Languagewire.
The startup, which reports that it’s revenue has tripled revenue over the last year, will use the funding to expand further in Europe. Today, Orderyoyo is present in Denmark, England, Ireland and Germany with more than 2 000 takeaway restaurants as customers. The series A round included VF Venture, together with the existing investors SEED Capital, Preben Damgaard and Jesper Johansen.
You can read more over at Techsavvy (in danish)