Argentinian SaaS startup Fudo secures $7.5 million in seed funding

Fudo, an Argentina-based software-as-a-service (SaaS) startup that is streamlining and centralizing processes for restaurants, has raised $7.5 million in its seed funding round co-led by Andreessen Horowitz, Atlantico, and MAYA Capital.

• The fund will be invested in expanding the SaaS startup to Mexico, launching operations in Brazil this month and developing more financial products, to enable improved payment processes and support SMEs in the restaurant offering sector.
• Fudo provides a web-based restaurant operating system and point-of-sale (POS) software that brings restaurant operations together in a single access point. The platform can be used by restaurants to manage orders, set up tables, coordinate deliveries, view purchases, control inventory, and access real-time analytics for business improvement.
• It has 10xed its growth and currently supports up to 10,000 restaurants, with a presence in Argentina, Chile, Mexico, Colombia, and Brazil.
• Collaborative Fund, Goodwater, Latitud, and a host of angel investors participated in the round.