Target Information

Last.app is a pioneering business operating system designed for the restaurant industry, providing a unified solution that integrates various software and hardware instead of replacing them. Founded in 2019 by Iván and Eric Nikolic, the company aims to alleviate the operational complexities faced by restaurant owners. In just a few years, Last.app has distinguished itself in the fragmented restaurant software market by offering a diverse range of modules, including POS systems, online reservations, delivery hubs, and over 200 integrations with existing services.

Last.app was designed to accommodate the unique requirements of different types of restaurants, allowing for quick and easy adoption. With a growing customer base that includes large restaurant chains, delivery brands, and small dining establishments, Last.app has successfully addressed the challenges associated with managing numerous applications and systems.

Industry Overview

The restaurant industry in Europe has experienced significant transformations over recent years, driven by changing consumer behaviors and increasing expectations for technological solutions. Today's customers expect seamless online reservations, take-away options, and frictionless payments. This shift has made the adoption of integrated software solutions increasingly vital for restaurants striving to meet evolving customer demands.

The traditional approach of using multiple single-function applications creates a fragmented operational landscape. Restaurant managers often find themselves overwhelmed by the need to manage various software systems to provide comprehensive services. Consequently, there is a growing need for centralized systems that can streamline operations, improve efficiency, and enhance the customer experience.

Additionally, the COVID-19 pandemic accelerated the demand for digital solutions in the restaurant space, with establishments needing to adapt rapidly to changing regulations and consumer behaviors. The integration of technology into the restaurant business has never been more critical, and platforms that offer flexibility and ease of use are positioned to thrive in this landscape.

As competition intensifies and customer expectations rise, restaurant operators are searching for ways to simplify their processes while providing exceptional service. Last.app's innovative platform addresses these needs by offering an integrated solution that adapts to current technology trends and assists restaurant managers in navigating the digital transformation.

Rationale Behind the Deal

The recent €5 million funding round led by Nauta Capital, with participation from All Iron and Bynd, underscores the strong demand for Last.app's integrated operating system. This capital injection will facilitate the company's efforts to further develop its product offerings and expand internationally. The investment will empower Last.app to maintain its growth trajectory and continue innovating in response to the rapidly evolving landscape of the restaurant industry.

Moreover, the restaurant software sector is characterized by fragmentation, and combining Last.app's technology with robust financial backing positions the company to take a leading role in shaping the future of the industry in Europe. With established and satisfied clientele, Last.app is poised for substantial growth and market penetration.

Investor Information

Nauta Capital is a pan-European venture capital firm that focuses on identifying and investing in innovative technology companies. By supporting Last.app, Nauta is recognizing the potential for technological advancements to transform the restaurant industry. General Partner Jordi Viñas sees Last.app as a gamechanger, noting its capability to provide fast, flexible solutions that address the strategic needs of modern restaurants.

Nauta Capital's investment strategy aligns with their commitment to fostering vertical operating systems that meet the dynamic requirements of businesses. By backing Last.app, Nauta is positioning itself at the forefront of changes within the restaurant sector while enabling the company to harness its technological expertise to deliver significant value to its customers.

View of Dealert

Dealert views Last.app's recent funding round as a significant milestone that accentuates the growing recognition of integrated technology solutions in the restaurant sector. Given the platform's ability to alleviate the common pain points associated with fragmented software systems in the industry, the investment appears to be a prudent one. Last.app has shown adaptability and responsiveness to market needs, which enhances its growth prospects in a poised and expanding market.

The restaurant industry is in dire need of consolidated software solutions, and Last.app's offerings align perfectly with this prerequisite. The company's focus on integration rather than replacement allows it to tap into a broader customer base, as many restaurateurs are often discouraged by the complexities of changing their entire operational framework.

As restaurant operations increasingly demand unified solutions that improve efficiency and customer satisfaction, Last.app is well-positioned to capitalize on this trend. The funding will not only bolster product development but also aid international expansion, paving the way for a larger market footprint and possibly a shift toward becoming the industry standard for restaurant management software.

Overall, the investment in Last.app is a strategic move that could yield significant returns, as the company stands to play a critical role in driving technological advancement and efficiency in the European restaurant industry.

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