PSG Equity to invest €50m in Zenchef.

PSG Equity, a growth equity firm partnering with software and technology-enabled services companies, agreed to invest €50m in Zenchef, a French restaurant tech company that develops technology solutions for the restaurant industry. "We believe this partnership with PSG marks the beginning of a new chapter of growth and reaffirms both the relevance of our solutions and our strategic position within the restaurant industry. In PSG, we have found an ideal partner with a strong track record in accelerating growth for software companies. With their strategic, operational and financial support, we are solidifying our ambition to become Europe's champion. In our view, PSG will enable us to identify the relevant synergies to better serve restaurant owners and their customers, and help us pursue our ambitious recruitment plan. With the upcoming launch of our first consumer mobile app, we are closer to fulfilling our mission to an industry that has been severely tested in recent years and to which we want to bring the best technological solutions," Xavier Zeitoun, Zenchef CEO.