Haddock in a €1 million round led by Y Combinator

Haddock, a Barcelona, Spain-based software startup developing a cost control supply tool for the restaurant operators, announced that it raised a €1 million ($1.1M) pre-seed funding round.

The money was raised from investors from Spain, including Zone2Boost, JME Ventures, LevelsUp, Extension Fund, joined by a €500k contribution from Y Combinator, as the company will be part of the accelerator in the winter 2022 program.

Haddock, founded in 2020 by CEO Arnau Navarro Rodriguez, is developing a B2B SaaS for the restaurant industry that helps customers manage cost control of their supplies and inventory. The tool is available via a mobile app that can scan photos of invoices and delivery notes in order to automatically extract information and update P&L data. The company says it handles business for more than 200 customers.