Clopos, an Azerbaijani startup providing technology solutions to the HoReCa (hotel, restaurant and cafe) sector, has announced that it has received investment from INMerge Ventures. This financial support will be used to develop the product, expand the team and accelerate regional growth.
Currently operating in 12 countries, the startup serves more than 4,500 restaurants. Clopos’ cloud-based POS and management platform allows businesses to manage their operations more effectively and accelerate digitalization.
It should be noted that INMerge Ventures was founded in 2024 as part of the INMerge innovation summit organized by PASHA Holding. The fund’s investment strategy is focused on startups from the Caucasus and Central Asia, Central and Eastern Europe, as well as the Middle East and North Africa regions.
The founders of the fund include PASHA Innovations, Innovation and Digital Development Agency, Azerbaijan Investment Company and Trendyol Group. INMerge Ventures provides not only financial support to the startups it invests in, but also strategic mentoring, business development, and access to international networks.
It should be noted that Clopos has attracted investment before. The startup raised $800,000 in its previous round, gaining support from investors such as Caucasus Ventures, Next Business Angels, SABAH.fund, SABAH.angels, and White Hill Capital.
