Osborne Clarke advises Expedition Growth Capital on EUR 11 million growth investment in AI workforce management platform Nesto
The international legal practice Osborne Clarke has advised growth equity investor Expedition Growth Capital on its EUR 11 million investment in Nesto Software GmbH, a Karlsruhe-based provider of an AI-driven workforce management platform for the hospitality industry.
With the growth capital, Nesto plans to accelerate product development, deepen its AI capabilities and data platform, and drive expansion across existing and new European markets. A particular focus will be on further developing NORA, Nesto’s AI assistant and agent framework, which supports restaurant managers in handling operational and administrative workflows.
Nesto provides multi-site restaurant groups with a cloud-based workforce management solution that combines demand forecasting, constraint-aware scheduling, HR workflow automation and payroll preparation in a single platform. By integrating data from point-of-sale systems, suppliers, payroll providers and other sources, Nesto helps operators optimise labour deployment, reduce administrative overhead and improve compliance with labour regulations. The platform is already used in over 3,000 restaurant locations, managing more than 100,000 employee shifts per day, and serves leading brands such as McDonald’s, L’Osteria and Lagardère.
Expedition Growth Capital is a London- and Boston-based growth equity firm that backs bootstrapped European software businesses with proven product-market fit and more than €5 million in annual recurring revenue. The Nesto transaction aligns with Expedition’s strategy of partnering with profitable or near-profitable vertical software companies that deliver measurable operational impact for their customers.
“This investment in Nesto illustrates how growth equity investors are supporting the next generation of European B2B software champions – in this case by backing an AI-native platform that tackles a real operational pain point in the hospitality sector,” says Till‑Manuel Saur, Partner at Osborne Clarke. “The transaction also underlines the continued attractiveness of the German software market for specialist international investors who are looking for capital-efficient, customer-centric business models.”
Comprehensive advice on corporate, tech and regulatory aspects of the investment
Osborne Clarke provided Expedition Growth Capital with comprehensive advice on the structuring and implementation of the growth investment in Nesto. The advice covered, in particular, the negotiation of the investment documentation, governance and shareholder arrangements, as well as support on employment, IP, IT, AI and data protection issues relevant to Nesto’s AI-driven workforce management platform.
About Osborne Clarke
Osborne Clarke is an international legal practice with over 2,800 employees at 26 locations worldwide, including more than 280 lawyers in Berlin, Hamburg, Cologne and Munich. With the claim “Helping you succeed in tomorrow’s world”, extensive industry knowledge through networking and outstanding expertise in the digital transformation of business models, Osborne Clarke advises and represents companies, entrepreneurs and investors in all practical business law issues focusing not only on our chosen sectors but also on the three key topics of digital transformation, decarbonisation and urban dynamics.
