Press Release: Makers of Bistrochat app secure US$1 million in funding
Bistrochat Software has announced an investment of US$1 million from private investors. Bistrochat is Hong Kong’s best restaurant search, booking and loyalty app for dynamic professionals. Bistrochat users can search for and book restaurants and cafes as well as communicate with other members of their party without switching between apps. For restaurants and cafes, the app offers automation for booking systems, loyalty programs, vouchers and anything else related to customer information.
SOSV, a US venture capital firm for deep-tech startups, selected Bistrochat Software back in January 2021 to participate in its intensive startup development program SOSV MOX. The initial investment in quasi-equity was converted in November 2021 at the same time as ten private investors came on board.
“We launched the software in Hong Kong and are excited about the rapid expansion we’ve had,” said Hacene Taibi, co-founder and CEO of Bistrochat.
“We are leading tech innovation in Asia, improving the customer’s journey in the food and beverage industry.”
“Unlike other restaurant management systems, Bistrochat stands out thanks to its sophisticated treatment of VIPs and its superior NLP [natural language processing] capabilities, which are key for customer satisfaction and loyalty,” said William Bao Bean, general partner at SOSV. “Hacene Taibi and the team convinced us with their track record for … successful start-ups and restaurants – we’re thrilled to see the company scaling new heights just as the world is excited to return to restaurants.”
The latest funding will help finance technology development, the hiring of talent as well as the company’s expanding marketing activities.
Bistrochat Software was advised by Maëva Slotine, Founding Partner at Slotine.
Slotine is a Hong Kong law firm founded in 2016 and led by French lawyer Maëva Slotine, also a solicitor in Hong Kong. The team includes French and Hong Kong lawyers. The firm focuses on two practices: Corporate (M&A, private equity and international direct investment) and General Counsel (commercial contracts, employment, tax and dispute resolution).
|Hacene Taibi, Alexandre Sonier,
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