[Germany] Nesto secures €11 million to scale AI workforce management platform

In Germany, Nesto, a startup building an AI-driven platform for workforce management in the hospitality industry, has secured €11 million in growth equity funding from Expedition Growth Capital, Be Beez reports.

Nesto was founded in 2017. It provides restaurant groups with an AI-driven workforce management platform that automates scheduling, HR workflows, and payroll preparation.

The startup will reportedly use this capital to support continued investment in products and accelerate its expansion across Europe.

According to Nesto, labour is the highest controllable cost in the hospitality sector. However, a majority of operators continue to rely on fragmented systems and manual decision-making. Nesto has made this challenge its focus and claims to deliver meaningful profitability impact through an AI-native workforce management layer that combines demand forecasting, workforce planning, and operational execution in a single system.

Nesto says its proprietary forecasting engine is at the core of this, predicting demand and staffing needs in real time. By integrating data from point-of-sale systems, suppliers, payroll providers and more, it automates workforce scheduling, HR processes, payroll preparation and agentic workflows that support managers in their daily operations. As a result, restaurant groups can improve labour productivity by up to 10 per cent while reducing their admin burden.

Nesto reportedly intends to expand its AI capabilities, deepen its data platform, and further develop NORA, the company’s AI assistant and agent framework for operational and administrative workflows. In addition, it will accelerate its rollout into additional European markets.

Dr Theodor Ackbarow - co-founder and Executive Chairperson of Nesto - said, “We are deeply rooted in this industry and know first-hand how complex day-to-day life in restaurants and multi-location businesses can be. Our vision is to absorb this complexity through our platform and be a valuable companion to the operator, who can focus on making the final decision. With Expedition, we have found the right partner to support the next chapter of our ambitious growth journey.”

Felix Kaiser - co-founder and CEO of Nesto - said, “The hospitality industry is at the beginning of a fundamental AI-driven shift – and operators are feeling it through rising labour costs, staff shortages, and growing complexity. Nesto acts as a digital co-pilot for site managers: from demand forecasting and shift planning to real-time operations. A restaurant is only as good as its team, and our platform gives managers and employees the insights and automation to focus on what matters most – incredible food and great guest experiences.”

Source: Be Beez

(Quotes via original reporting)

In Germany, Nesto, a startup building an AI-driven platform for workforce management in the hospitality industry, has secured €11 million in growth equity funding from Expedition Growth Capital, Be Beez reports.

Nesto was founded in 2017. It provides restaurant groups with an AI-driven workforce management platform that automates scheduling, HR workflows, and payroll preparation.

The startup will reportedly use this capital to support continued investment in products and accelerate its expansion across Europe.

According to Nesto, labour is the highest controllable cost in the hospitality sector. However, a majority of operators continue to rely on fragmented systems and manual decision-making. Nesto has made this challenge its focus and claims to deliver meaningful profitability impact through an AI-native workforce management layer that combines demand forecasting, workforce planning, and operational execution in a single system.

Nesto says its proprietary forecasting engine is at the core of this, predicting demand and staffing needs in real time. By integrating data from point-of-sale systems, suppliers, payroll providers and more, it automates workforce scheduling, HR processes, payroll preparation and agentic workflows that support managers in their daily operations. As a result, restaurant groups can improve labour productivity by up to 10 per cent while reducing their admin burden.

Nesto reportedly intends to expand its AI capabilities, deepen its data platform, and further develop NORA, the company’s AI assistant and agent framework for operational and administrative workflows. In addition, it will accelerate its rollout into additional European markets.

Dr Theodor Ackbarow - co-founder and Executive Chairperson of Nesto - said, “We are deeply rooted in this industry and know first-hand how complex day-to-day life in restaurants and multi-location businesses can be. Our vision is to absorb this complexity through our platform and be a valuable companion to the operator, who can focus on making the final decision. With Expedition, we have found the right partner to support the next chapter of our ambitious growth journey.”

Felix Kaiser - co-founder and CEO of Nesto - said, “The hospitality industry is at the beginning of a fundamental AI-driven shift – and operators are feeling it through rising labour costs, staff shortages, and growing complexity. Nesto acts as a digital co-pilot for site managers: from demand forecasting and shift planning to real-time operations. A restaurant is only as good as its team, and our platform gives managers and employees the insights and automation to focus on what matters most – incredible food and great guest experiences.”

Source: Be Beez

(Quotes via original reporting)