The hospitality industry is under pressure. Rising taxes, inflation, labour shortages, and new government costs are squeezing margins harder than ever — and operators are feeling the strain.
At Nory, we believe restaurants deserve better. Our mission is to put operators back in control of their profit margins and their destiny.
That’s why we’re excited to announce that Nory has raised a $37 million Series B, led by Kinnevik. This brings our total funding to $62.6 million….just one year after our Series A.
Read More – Dyna Robotics Raises $120M in Series A Funding
This milestone reflects strong investor confidence in Nory and a period of rapid growth. Since our Series A, we’ve:
- Tripled revenues
- Expanded internationally
- Doubled our team
- Proved that AI delivers game-changing results for restaurants
Operators using Nory have reduced operating costs by nearly 20%, boosted net profits by up to 50%, and saved more than 100 hours of admin per month. From independents to global groups like Black Sheep Coffee, Jamie Oliver Group, and Dave’s Hot Chicken, our customers are proof that hospitality can be both profitable and sustainable.
What’s next
This Series B is about taking our impact to the next level. The funding will accelerate:
- Hiring world-class data scientists (check out our open roles)
- Advancing our proprietary AI and rolling out autonomous AI assistants
- Expanding into the US — the largest restaurant market in the world
“At a time when hospitality is under pressure, we are putting restaurants back in control of their profitability and their destiny,” said Conor Sheridan, Founder and CEO of Nory.
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