Entrepreneur Adriaan Mol expands portfolio with €8 million investment into Amsterdam-based Formitable
Summary
Providing €8 million of growth capital, Adriaan is now an investor and strategic partner in the Dutch startup as it ramps up development and expansion plans. Raymond Wilders, CEO of Formitable: “With this investment, we strengthen our position as market leader in the Netherlands in the field of growth solutions for restaurants. Partnering with Adriaan allows us to continually improve our products, contributing to a better guest experience, increased revenue and sustainable growth for restaurants. In doing so, it is our ambition to also become the market leader in Scandinavia and Germany, followed by rest of Europe.” Formitable offers an innovative growth platform for restaurants, helping them to improve the guest experience and grow through loyalty and reservation solutions. Formitable has disrupted the market by offering restaurants good-looking, next-generation tools which allow them to focus on their guests and grow their business.
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