Wirtualna Polska invests in Restaumatic, a comprehensive system for handling orders, sales and restaurant management. The platform is operated under a Software as a Service (SaaS) formula, that is by sharing software in a subscription-based cloud, with almost 5,000 restaurants as its users. The value of WP’s investment is PLN 19.8 million.
Restaumatic is a Polish leader among online food ordering platforms. The software and application for restaurants enables not only online sales without any intermediaries, but also ensures the complete integration of systems, order monitoring and restaurant management. In March 2022, 4,800 restaurants were among the platform’s active users.
“The value of the food supply market in Poland is currently estimated at EUR 4 billion and growing rapidly. We have decided to go ahead with this investment, taking into account both the market position occupied by Restaumatic and the fact that it will enable us to expand our business into the new and very promising SaaS segment. An additional value to be tapped into is the opportunity to cooperate with Poland’s leading venture capital investors and the founders of the highest valued Polish start-ups,” says Adam Rogaliński, VP Corporate Development at Wirtualna Polska Holding S.A.
Wirtualna Polska will indirectly acquire a minority stake in Restaumatic by joining the Supercharge Capital target fund. The fund's management team is composed of Grzegorz Kazulak, Kuba Filipowski, Daniel Surmacz and Wiktor Schmidt, the founders of such start-ups as RTB House and Netguru, among others. Wirtualna Polska will invest PLN 19.8 million and acquire 69% of Supercharge’s Capital contribution. The fund will hold an approx. 16.9% stake in Restaumatic. Restaumatic generated almost PLN 20 million in revenue in 2021 and reported a positive EBITDA. The capital raised during the investment round will be allocated by Restaumatic to product development and the acquisition of new customers, also in other Central and East European countries.
The deal will be consummated after obtaining approval from the President of the Office of Competition and Consumer Protection (UOKiK).