Maven Capital Partners leads £2.7m QikServe funding round

The investment leads a £2.7m funding round which also included Par Equity, Equity Gap and Scottish Enterprise. QikServe is aiming to use the funds to expand into the US and bolster its workforce.

Its software enables customers to discover restaurants, check-in to tables, browse menus, place orders, save and redeem loyalty points or vouchers, and pay their bill directly from their mobile phone or tablet. Its platform increases spend-per-head by between 50 and 73 per cent, the firm said.

The deal marks Maven's sixth venture capital investment and its 12th private equity deal in the past year. It was advised by Burness Paul.

The capital came from a co-investment of Maven's six evergreen Venture Capital Trusts.

Company
QikServe was founded in 2011 by entrepreneurs Daniel Rodgers and Ronnie Forbes. It has focused on developing its software and says recent pilot schemes have been successful and led to contracts with a number of global hospitality businesses. The firm is based in Edinburgh and currently employs around 20 people. Its ordering system is fully integrated Oracle Hospitality's electronic payments software.

People
Maven Capital Partners - David Milroy (Investment Director)
QikServe - Daniel Rodgers (CEO and founder)

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