Edenred Capital Partners acquires an equity interest in Zenchef

Edenred Capital Partners has acquired an equity interest in Zenchef, a startup specialized in web communication for independent restaurant owners.

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Created in 2011, Zenchef‘s primary mission has been to assist independent restaurant owners with their digital communication to help them gain and retain new customers.

Within three years since its creation, Edenred Capital Partners has led a new funding with XAnge, METRO and past investors such as Elaia Partners, L’Accélérateur Capital Partners, Kima Ventures and several angel investors, totaling 6 million euros.

"Our business is based on the satisfaction of our affiliated partners, without whom we would not exist. We must constantly bring them added value. Therefore Edenred Capital Partners has chosen to invest in Zenchef. We acquired the intimate conviction that the positioning of the company responds to critical issues faced by independent restaurants in their fast-mutating sector”, Philippe Dufour, Executive Vice President, Alternative Investments at Edenred, commented.

This new increase in capital will enable the company to carry out its strong development initiative, including international development, for the coming years.

Edenred Capital Partners, the Corporate Venture Capital investment arm of Edenred group

The mission of Edenred Capital Partners is to manage and advise Edenred’s direct minority investments, usually alongside other investment funds. The structure targets start-ups with high growth potential offering an innovative product or service related to Edenred's core business.

Edenred Capital Partners

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Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards).

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.