Growyze is on a mission to help food and beverage businesses work smarter, greener and more efficiently. It received 735 thousand euros investment for its SaaS solution that facilitates stock control and prevents operational losses. The hospitality industry is becoming increasingly digitalized. This is an industry that has traditionally relied on paper-heavy, manual processes. But times are changing. New digital tools and solutions are being introduced to help manage different processes, removing the reliance on spreadsheets and manual inputs.
These systems have evolved over the last few years, allowing bars and restaurants to effectively digitize sales. There has been little development in software to help these same venues manage other areas that affect profits. Solutions for back office operations in particular have been outdated, complex or tailored to corporate clients. That’s what UK-based Growyze wants to change.
The investment comes from angel investors and Syndicate Room’s Access EBS Fund
According to the information, over 735 thousand euros have been raised since launch. The investment comes from angel investors and Syndicate Room’s Access EBS Fund. It will be used to accelerate development and expansion. The Growyze was founded in 2019. And it offers a modern, easy-to-use and user-friendly solution that allows hospitality businesses to streamline back-office operations and minimize operational losses.
“After working as a loss prevention manager for large hospitality chains for over 16 years, I’ve seen first-hand how little automation and technology exists and how much the industry relies on manual input to complete tasks. Given that small losses can make the difference between a successful restaurant and one that goes into administration, there has never been a better time for F&B businesses to gain better visibility into where they are losing profits, over-ordering or paying for missing items.”Founder of Growyze Kati
The stock control platform automates many of the manual inputs usually required to see accurate reporting on profitability. This includes 3-way auto-verification purchasing, barcode scanning for inventory and powerful reporting that guarantees F&B businesses efficient supplier management, reduced admin time and improved cost control. It allows users to manage suppliers, place new orders, and verify invoices and deliveries all in one place.
“What Growyze offers may seem like a simple solution, but behind the scenes, we quickly realized that Kati and her team are bringing cutting-edge workflow automation to an industry that is growing on really small margins… And every penny counts.”Mark McDermott, CEO of ScreenCloud (Investor)
According to the information, over the past year, the Growyze has doubled its growth. And it will use its latest investment funds to expand its product capabilities and help more hospitality venues eliminate manual labor and save money.