Baemingo Raises Series B to Scale Restaurant Operating System Across Europe

Baemingo Raises Series B

Stockholm-based restaurant technology platform Baemingo has raised a Series B round, according to company funding data dated September 20, 2026. The round includes participation from Supermarket. The specific funding amount was not disclosed.

What Baemingo Does

Founded in 2017, Baemingo has built an operating system for hospitality businesses that combines point-of-sale, payments, analytics and financing in a single platform. The company serves more than 4,000 restaurants across Sweden, Norway, Spain and the UK.

Baemingo partners with Zettle by PayPal for payments and operates Baemingo Boost, a lending arm that offers revenue-based restaurant loans. That combination of software, payments and embedded capital positions the company as more than a traditional POS vendor — it sits at the center of its customers' daily operations and cash flow.

Growth and Profitability

The company reported that it quintupled revenue to around SEK 100 million in the 18 months to mid-2026 and turned EBITDA-positive. That combination of rapid top-line expansion and positive EBITDA is notable for a company at the Series B stage, and it gives Baemingo a stronger negotiating position as it looks to scale.

Why This Round Matters

A Series B raise typically funds the transition from early traction to repeatable, scalable growth. For Baemingo, the capital comes at a moment when it has already demonstrated:

• A multi-country footprint across four European markets
• A customer base of more than 4,000 restaurants
• Revenue growth of roughly 5x over an 18-month period
• EBITDA profitability
• An embedded lending product that deepens customer relationships

The involvement of Supermarket as an investor adds to the company's backing as it pursues the next phase of expansion.

Acquisition Angle

For acquirers and strategic investors, Baemingo represents a rare asset in restaurant technology: a platform that owns the point of sale, the payment flow and the lending relationship. Each layer increases switching costs and creates multiple revenue streams from the same merchant base.

Payment providers, vertical software consolidators and fintech platforms focused on embedded finance are all natural strategic buyers for a business like Baemingo. The company's EBITDA-positive status means an acquisition would not require funding ongoing losses, and its presence across Sweden, Norway, Spain and the UK offers a ready-made European distribution footprint.

The Zettle by PayPal partnership is also strategically relevant. It ties Baemingo's payment economics to a major global payments player, which could make the company attractive to competing payment networks looking to strengthen their hospitality presence in the Nordics and beyond.

What to Watch

• How Baemingo deploys the Series B proceeds — whether toward deeper European expansion, product development or scaling Baemingo Boost
• Whether the company adds new markets beyond its current four-country footprint
• The trajectory of revenue and EBITDA as the business scales past the SEK 100 million mark
• Any follow-on participation from Supermarket or new strategic investors

Baemingo has not disclosed the size of the round or a lead investor. The funding date is September 20, 2026.