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5 July 20222 minute read

DLA Piper advise Vita Mojo on USD30m Series B funding round from Battery Ventures

DLA Piper has advised Vita Mojo on its Series B funding round, raising a total of USD30m from Battery Ventures. The capital raised will be used by the company to develop new product functionality, upgrade its data and reporting features and the expansion of its customer base and operations across Europe. It will also help in growing its Client Success, Product and Engineering teams, with the aim of doubling headcount over the next 12 months.

Vita Mojo is a Software as a Service provider that is powering the digital transformation behind some of the best known food and drink brands. It offers a powerful, full-suite platform that brings together both customer ordering and kitchen operations, empowering restaurants to manage their core operations in one integrated system, from digital ordering via their own channels and third-party delivery platforms – such as Just Eat, Nandos, Deliveroo and UberEats – to smarter kitchen and back-of-house management.

The DLA Piper team consisted of Corporate partners Alexander Kolmakov and Jon Kenworthy and Corporate Senior Associate Dylan Kennett and Corporate Associate Emily Garland.

Dylan Kennett, client relationship lead for Vita Mojo, commented on the fundraising: “With the headwinds and opportunities facing restaurants today, there has never been a more pressing time for the digital revolution of the hospitality industry. Operators are adapting to changing customer preferences around dining and ordering as well as monumental market disruptions such as those caused by the pandemic, supply-chain difficulties and labour shortages”.

“We have been advising Vita Mojo since their Series A financing on all aspects of their business and it’s been a pleasure to watch them grow at rapid pace. This latest round with Battery Ventures is testament to their success and we are thrilled to have been able to help Vita Mojo raise the finance in order to support its clients in addressing these challenges and opportunities in the market.”