Nigerian Restaurant Management Startup Orda Raises USD 1.1 Mn Pre-Seed

Nigerian restaurant management startup Orda has raised a USD 1.1 Mn pre-seed funding round to speed its growth and expand across the continent. The round was led by Lofty Inc Capital Management, with participation from Techstars – Boulder, Magic Fund, Hustle Fund, Norrsken Foundation, Microtraction, DFS Labs, Oxford Seed Fund, Enza Capital, and Agrolay Advisors, as well as Ire Aderinokun, Jesse Ovia, Ademola Adesina and other angel investors.  

Orda is a cloud-based restaurant management system provider that hopes to provide one operating system to power African restaurants. The company has developed a full-stack approach to integrating local payments, logistic companies while building inventory management, and business analytics for small to medium-sized food businesses.