Hungarian startup iBar Experience secures $500k from Hiventures

Hungarian restaurant management software startup iBar Experience has secured $500,000 in a seed round of funding. Hiventures, one of the largest venture capital funds in the CEE region, provided the funds to fuel iBar’s further development and expansion plans.

  • iBar Experience develops an AI-driven inventory app that integrates into restaurant management software to provide a fast, accurate, and convenient solution for keeping inventory with a photo-based approach.
  • With the help of AI, the app enables bartenders to measure the volume of any bottled drinks with only one photo of the leftover spirit. For dark bottles, kitchen products, or kegs, iBar offers bluetooth scales.

“This significant investment milestone will fuel our expansion plans and empower us to take our cutting-edge inventory management app to new heights. With the additional resources, we will enhance our team and further develop our application to meet the evolving needs of businesses worldwide,”

the company shared the future plans.

About the investor

Hiventures is the lead investor in the company. It is a Budapest-based venture capital fund management company, part of the Hungarian MFB Group. The fund invests across all sectors and stages with tickets of up to €3.5 million and the goal to build a sustainable and competitive entrepreneurial ecosystem in the CEE region