EatClub wins funding for UK expansion

Darshana Gupta

19th May 2025

EatClub, an Australian restaurant tech platform, has secured an $18.2 million series A capital raise to back its international expansion to the UK, with a London launch set for this month. 

The deal was led by Co:Act Capital, a Melbourne-based venture capital firm, with participation from Gandel Invest, Marbruck and Les Szekely. 

Platform Advisory, which ran the capital raising, also invested in the business following the initiative. 

Founded in 2017 and backed by chef Marco Pierre White, EatClub helped restaurants gain patrons through real-time dynamic pricing but hit a wall in early 2020 due to the Covid-19 pandemic.

“While the world talked about a ‘new normal,’ we doubled down,” said CEO Pan Koutlakis.

“The board and our investors aligned on a bold move to keep building, and to use the downtime to create breakthrough tech that would future-proof the business.”

Following the pandemic, the organisation launched EatClub Pay, a payments system that offered diners time-sensitive offers through the app. 

EatClub has since scaled to seven times its pre-pandemic peak and has seen a 190 per cent growth in 2024. 

“At a time when restaurants need smarter tools to drive demand and diners are seeking better experiences and value, EatClub delivers on both fronts,” said James Douglas, partner at Co:Act Capital.