Amsterdam’s Peckish raises €800K to expand its AI-powered inventory management platform for restaurants

Amsterdam-based Peckish, an AI-native inventory management platform, has secured €800K in pre-seed funding led by Arches Capital. 

Other investors included Antler, Newland Syndicate, Empower Impact, and several strategic angels from the hospitality industry in the UK and the Netherlands.

Enabling sustainable growth for the F&B business

Founded in 2023 by former Uber employees Harpreet Singh and Sebastien Pradier, Peckish is building an operations platform for restaurants. It supports businesses by automating inventory management and improving supply chain processes.

Peckish uses computer vision to make stocktaking faster, handles invoicing automatically, and manages procurement through a WhatsApp interface, giving control to restaurant operators.

Since COVID, the restaurant industry has dealt with labour shortages and rising food costs. Many operators spend up to 20 hours each week on manual tasks and data entry, equal to half of one employee’s workload. Inefficiencies in food supply chains lead to incorrect orders and required minimum quantities, increasing waste and cost.

Peckish delivers insights and automated recommendations to restaurant managers, aiming to reduce costs and food waste.

Since its UK launch 12 months ago, the platform has processed thousands of video-based stocktakes, saving thousands of labour hours each week for restaurant partners.

Singh, Peckish’s CEO, says, “Restaurants lose up to 24 per cent of their inventory each week—amounting to £72K in annual losses per site, and the only way to detect these losses is by counting stock.”

He adds, “With the way technology is advancing, we believe that any restaurant still manually counting stock in two years from now will be wasting precious time. A simple video can now return a more accurate stock count in minutes than a person can do in 3 hours. It’s like writing letters when you could be making a call—manual stocktaking is quickly becoming obsolete.”

Peckish focuses on hospitality operators with multiple locations who need advanced inventory management as their operations grow.

Capital utilisation

Peckish will use the funds to speed up product development and grow its proprietary dataset of food and beverage inventory images. The company also plans to expand its sales and onboarding teams to manage increasing inbound interest. 

In addition, the funding will support international expansion, with a focus on the UK, the  Netherlands, and the US.

Diederik Stolk, Partner at Arches Capital, says, “Right from the first meeting, Harpreet and Sebastien kept impressing us. From quickly getting initial customers, to setting up partnerships and building out a great product. The team operates at record speed, with a deep understanding of hospitality operations.”

“The restaurant market is notoriously difficult to enter as a startup, but Harpreet and Sebastien just make it happen. The deep personal ties to the restaurant industry (coming from families of restaurateurs) and strong execution sealed the deal for us. Looking forward to the next chapters with them.”

RJ Schuurs, Partner at Antler, adds, “Harpreet and Sebastien are building something that is already having a significant impact on the hospitality industry, and they are only just getting started. They are true founders – they know how to execute and scale and have the technical expertise and commitment to succeed. We are delighted to have backed Peckish from day zero and have every confidence in their future.”