Restworld Company Profile

Background

Overview

Restworld is an Italian startup founded in 2020, specializing in connecting job seekers with businesses in the hospitality sector, particularly within the Hotel, Restaurant, and Café (Ho.Re.Ca) industry. The company aims to revolutionize the recruitment process by leveraging technology to match talent with opportunities efficiently. Restworld operates as a Società Benefit, emphasizing ethical practices, sustainability, and innovation in its operations.

Mission and Vision

Restworld's mission is to bridge the gap between labor supply and demand in the Ho.Re.Ca sector, facilitating ethical and sustainable recruitment practices. The company's vision is to become a global leader in hospitality recruitment, aiming for a revenue of over €10 million by 2027.

Primary Area of Focus

Restworld focuses on providing innovative recruitment solutions tailored to the hospitality industry, serving a diverse clientele ranging from independent eateries to large restaurant chains. The platform is designed to meet the unique needs of various businesses within the Ho.Re.Ca sector.

Industry Significance

In a rapidly evolving hospitality landscape, Restworld addresses the critical challenge of talent acquisition by offering a platform that streamlines the hiring process, ensuring businesses have access to qualified professionals. The company's commitment to ethical recruitment practices sets a new standard in the industry.

Key Strategic Focus

Core Objectives

• Platform Development: Enhance and expand the platform to cater to businesses of all sizes, from independent restaurants to large chains.

• International Expansion: Extend services beyond Italy to international markets, including Luxembourg, Germany, Switzerland, and Spain.

• Revenue Growth: Achieve a revenue target of over €10 million by 2027.

Specific Areas of Specialization

• Ethical Recruitment: Promote transparency and fairness in the hiring process.

• Sustainable Practices: Implement recruitment strategies that support long-term industry growth.

• Technological Innovation: Utilize advanced technology to match job seekers with employers effectively.

Key Technologies Utilized

• AI and Data Analytics: Employ artificial intelligence and data-driven approaches to enhance the recruitment process.

• User-Friendly Platform: Develop an intuitive interface for both employers and job seekers.

Primary Markets or Conditions Targeted

• Hospitality Sector: Focus on the Ho.Re.Ca industry, including restaurants, hotels, and cafés.

• Geographical Expansion: Target international markets to broaden the company's reach.

Financials and Funding

Funding History

• Seed Round (December 2024): Raised €1 million, consisting of €650,000 in equity and €350,000 in debt financing.

• Pre-Seed Round (April 2023): Secured €507,000 from investors including Startup Wise Guys, Moffu Labs, and others.

Total Funds Raised

Approximately €1.85 million over multiple funding rounds.

Notable Investors

• Startup Wise Guys: An accelerator supporting early-stage startups.

• Moffu Labs: An investment firm focusing on innovative startups.

• Mival Capital Srl: A private investment company investing in SMEs and AI-driven startups.

• Day Ristoservice: Active in corporate welfare.

Intended Utilization of Capital

• Platform Enhancement: Develop Restworld’s 2.0 platform to serve businesses of all sizes.

• International Expansion: Enter markets in Luxembourg, Germany, Switzerland, and Spain.

• Team Strengthening: Expand the team to support growth initiatives.

Pipeline Development

Key Pipeline Candidates

As a recruitment platform, Restworld's pipeline consists of job seekers and employers within the hospitality sector. The company focuses on matching qualified professionals with suitable opportunities, facilitating over 2,000 job placements to date.

Stages of Development

• Platform Development: Ongoing enhancement of the platform to meet diverse business needs.

• Market Expansion: Entering new international markets to broaden the user base.

Target Conditions

• Hospitality Industry Needs: Addressing the demand for qualified personnel in the Ho.Re.Ca sector.

• Geographical Expansion: Catering to the staffing needs of businesses in new markets.

Relevant Timelines for Anticipated Milestones

• 2025: Facilitate entry into the workforce for 3,000 individuals.

• 2027: Achieve a revenue target of over €10 million.

Technological Platform and Innovation

Proprietary Technologies

• Restworld 2.0 Platform: A rebuilt platform designed to meet the needs of all types of businesses, from independent eateries to large restaurant chains.

Significant Scientific Methods

• AI and Data Analytics: Utilize artificial intelligence and data-driven approaches to enhance the recruitment process.

Leadership Team

Key Executive Profiles

• Luca Lotterio (CEO): Co-founder and CEO, leading the company's strategic direction and growth initiatives.

• Davide Lombardi (COO): Co-founder and COO, overseeing operations and ensuring efficient service delivery.

• Edoardo Conte (CTO): Co-founder and CTO, responsible for technological development and innovation.

• Lorenzo D’Angelo (CFO): Co-founder and CFO, managing financial strategies and funding activities.

Key Contributions or Roles Within the Company

• Luca Lotterio: Drives the company's mission to revolutionize hospitality hiring through ethical and sustainable practices.

• Davide Lombardi: Ensures operational excellence and scalability of services.

• Edoardo Conte: Leads technological advancements to enhance platform functionality.

• Lorenzo D’Angelo: Oversees financial planning to support growth and expansion.

Competitor Profile

Market Insights and Dynamics

The hospitality industry faces challenges in talent acquisition, with a growing demand for qualified personnel and a need for efficient recruitment solutions. Restworld addresses these challenges by offering a platform that streamlines the hiring process, ensuring businesses have access to qualified professionals.

Competitor Analysis

Restworld operates in a competitive landscape with several players offering similar services. Key competitors include:

• Creative Talent Endeavors LLC: Offers AI-powered recruitment solutions.

• Atlas Kitchen: Provides an operating system for restaurants, focusing on Southeast Asia.

• Sistema Sischef: Specializes in management and automation systems for the food-service industry.

• Zeevou: Empowers property managers with tools to increase direct bookings and streamline operations.

• ProRank: Offers advanced talent acquisition and engagement solutions in healthcare.

• Seeqle: Develops intelligent technology platforms for automating recruitment and sourcing.

• EasyHire.me: Provides an all-in-one interview platform to streamline hiring decisions.

Strategic Collaborations and Partnerships

Restworld has established partnerships with prominent companies such as Lavazza, KFC, and Baladin, enhancing its market presence and credibility.

Operational Insights

Restworld differentiates itself through its commitment to ethical recruitment practices, transparency, and a focus on sustainability and innovation.