What Millum does

Millum AS is a Norwegian vertical-SaaS company that builds and operates cloud-based Procure-to-Pay (P2P) systems for the Nordic hotel, restaurant and canteen (HoReCa) sector. The platform — branded Millum Procurement — covers the full purchasing lifecycle from shopping lists, order creation, approval, goods-receiving and invoice checking, and is extended by a modular suite including Menybank (recipe/menu database integrated with Matinfo for allergen and nutritional data), Menyplanlegging (menu planning), CO2 Calculator (climate footprinting via Klimato and RISE data), Matsvinn (food-waste tracking), Varetelling (mobile stock counting) and Millum Insight (analytics with Scope 3, organic and price/inflation analytics). A supplier-side portal, Millum Commerce, hosts suppliers such as Culina. The company was founded in 2002 by Bjørn Anskau in Fornebu, Norway, and sits within the cisbox group; it operates localized sites in Norwegian, Swedish, Danish, Finnish and English across the Nordics.

The business model is recurring B2B SaaS subscriptions, pricing is quote-based (not publicly disclosed) and varies by number of outlets and modules attached. Go-to-market combines direct enterprise sales to large chains (Scandic, Strawberry, Radisson, Nordic Choice, Burger King Scandinavia, Coor, Sykehuset Namsos) with channel distribution through purchasing organizations (Nores, GRESS-gruppen, NHO Reiseliv Innkjøpskjeden) that onboard mid-market and SME members under white-label portals such as Buy at Nores and By@Choice. As of 2022 the company employed 35 people and processed over NOK 10 billion of annual procurement volume across its portals, with stated customers in excess of 90 businesses pursuing greener procurement and a stated ambition to become the largest procurement system in the Nordics.

Sustainability and ESG reporting are positioned as a structural differentiator: integrations with Factlines (supplier CSR documentation), Klimato and RISE (CO2e data), Plateful (surplus-food distribution) and Matinfo (nutrition/allergens), together with membership in the UN Global Compact and sponsorship of Matprisen's Årets storkjøkken award, underpin compliance with EU Taxonomy and ESRS/Science Based Targets reporting requirements — increasingly material tender criteria for Nordic hospitality and institutional buyers.

Name

Millum

Legal name

Millum AS

Website

https://millum.no

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Millum AS is a Nordic, cloud-based Procure-to-Pay SaaS provider for hotels, restaurants and canteens, offering procurement, menu, sustainability and analytics modules across Norway, Sweden, Denmark and Finland, distributed via direct enterprise sales and purchasing-organization channel partners.

Ownership category

akta.pro rank

Product category

Hospitality Procurement Software

akta.pro primary industry

Procurement, Vendor Management & Purchase-to-Pay (P2P) (FSAGAJAK)

akta.pro secondary industry

Industrial Symbiosis & Byproduct Exchange Platforms (EUAIANAG)

Keywords

• Procurement software
• Hospitality procurement
• Procure-to-pay platform
• Restaurant supply chain
• Sustainability reporting

Headquarters

HQ city

Fornebu

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Subscription (SaaS): Millum operates as a B2B SaaS procurement platform. Customers (hotels, restaurants, canteens, and purchasing organizations) pay for access to the Millum Procurement platform. Revenue is generated through recurring software subscriptions, likely priced per outlet or organization. The company states it handles over NOK 10 billion in annual procurement volume through its portals.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Millum provides a cloud-based Procure-to-Pay (P2P) platform for hotels, restaurants, and canteens in the Nordic region, covering the full procurement lifecycle from ordering, order processing, and contract management to invoicing and reporting. The platform is complemented by a supplier-facing portal (Millum Commerce), a recipe and menu management system (Menybank), and add-on modules for CO2 footprint calculation, food waste tracking, and stock counting, all available via desktop and dedicated mobile applications.

Product overview

Millum is a Nordic procurement technology company offering a platform-plus-modules architecture centered on Millum Procurement, the full Procure-to-Pay (P2P) system for hotels, restaurants, and canteens. The platform is complemented by a suite of supplier-facing tools (Millum Commerce), a recipe/menu management ecosystem (Menybank and Menyplanlegging), and a portfolio of add-on modules including a CO2 calculator, food waste tracking, and stock counting — each available both on desktop and via dedicated mobile apps (Millum-appen, Millum Varetelling, Millum Matsvinn). Millum Insight provides an analytics layer that enriches procurement data for climate accounting, organic accounting, and spend analysis. All components share a single login and are offered as an integrated suite, with the option to add specific modules such as food waste tracking and CO2 calculation.

Differentiator

Problem solved

Functional benefit

Brands

• Millum Procurement: The primary procurement system for hotels, restaurants, and canteens offering the full Procure-to-Pay (P2P) process from purchase to invoice.
• Millum Varetelling
• Millum Matsvinn
• Millum Insight
• Millum Commerce
• Millum Trade

Products and services

• Millum Procurement The primary procurement platform for hotels, restaurants, and canteens in the Nordic region. Covers the full Procure-to-Pay (P2P) cycle including ordering, order processing, contract management, menu bank, inventory counting, reporting, and invoice checking in a single login.
• Bestilling (Ordering Module) Module for creating and managing purchase orders, including shopping lists, cross-supplier product search, access to contracted products at agreed prices, fixed recurring orders, and order approval workflows for hospitality and catering buyers.
• Ordrebehandling (Order Processing Module) Module for managing incoming orders including order archive, order confirmations, packing slips, goods-receiving registration, and automated deviation alerts for hospitality purchasing teams.
• Menybank (Menu Bank) Recipe and menu database module that lets users build recipes using ingredients from their own product catalogs, enriched with allergen and nutritional data from matinfo.no, with cost calculations and API export to digital displays and apps.
• Menyplanlegging (Menu Planning) Menu planning and scheduling module built on Menybank recipes, supporting recurring weekly or periodic menus, historical portion sales viewing, purchase suggestion generation, and API integration for digital signage and apps.
• CO2-kalkulator (CO2 Calculator) Climate footprint calculator module that calculates and compares CO2 emissions per recipe and per menu, using emission factors from RISE and Klimato to support EU Taxonomy reporting requirements for hospitality and catering operators.
• Matsvinn (Food Waste Module) Food waste registration and tracking module integrated into Millum Procurement that simplifies logging of waste by source, providing aggregated reports and trend analysis to support sustainability reporting for kitchens and canteens.
• Varetelling (Stock Counting Module) Stock-counting module for the desktop platform that works with the Millum Varetelling mobile app, supporting offline counting, multi-user parallel counting, unit-of-measure precision (centiliters, liters, partial units), and delegation of counting tasks across product groups.
• Millum Procurement App (Mobile) Main mobile application for Millum Procurement, available on Android and iOS, enabling order placement, inventory control, goods-receiving, and deviation handling directly from a mobile device or tablet.
• Millum Varetelling (Stock Counting App) Dedicated stock-counting application for iOS and Android designed for hotels, restaurants, and canteens, supporting offline counting, multi-user parallel counting, beverage-specific units (centiliters, liters, broken units), and barcode scanning.
• Millum Matsvinn (Food Waste App) Food waste tracking mobile application for iOS and Android, available as an add-on module requiring a separate agreement, enabling kitchen staff to register and analyze food waste by source (guest plate, buffet, production).
• Millum Insight Data analytics and reporting platform that enriches Millum Procurement data to calculate product weight (covering approximately 93% of trade volume), provide climate accounting (Scope 3 emissions), organic accounting, price and inflation analysis, country-of-origin tracking, supplier service-level measurement, and product-mix optimization insights.
• Millum Commerce Supplier-facing portal that allows suppliers to manage their product catalogs, pricing, and orders submitted by buyers, complementing Millum Procurement on the buyer side.
• Millum Trade Solution for suppliers within the Millum ecosystem that supports product information and trade data management with purchasing customers.
• Rapporter (Reports Module) Reporting module that exports customized data from Millum Procurement into Excel format for spend analysis, supplier performance, and procurement KPI tracking.

Named customers12 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability5 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered major, core and supporting.

• SAPmajorTechnology or Integration · 7 November 2023Millum integrated its procurement system with SAP ERP for Radisson Hotels Scandinavia, enabling seamless data exchange between Millum Procurement and Radisson's enterprise resource planning system. Following a successful pilot at Radisson Blu Waterfront Hotel Stockholm, the integration was rolled out to nearly all Radisson hotels in Scandinavia. This integration is significant as it demonstrates Millum's ability to handle complex cross-border integrations in a global hotel group.
• FactlinescoreStrategic or Co-development Partner · 30 August 2023Factlines provides supplier documentation and social responsibility verification for suppliers represented in Millum Commerce (Millum's supplier portal). Through this partnership, purchasing customers using Factlines' tool can ensure their entire supplier chain is screened for social and ethical compliance, supporting EU Taxonomy reporting requirements. Factlines has been mapping suppliers for Norwegian companies since 2012, well before the Taxonomy regulation was introduced.
• KlimatocoreTechnology or Integration · 30 August 2023Klimato provides CO2 equivalent data for food and drink products, enabling Millum's CO2 Calculator module to calculate and compare carbon footprints of recipes and menus. Klimato and RISE offer different data sources that customers can choose between. Both aim to help restaurants reduce climate impact from food and communicate climate-conscious choices to guests.
• RISE (Research Institutes of Sweden)coreTechnology or Integration · 30 August 2023RISE provides CO2 equivalent templates per product type for use in Millum's CO2 Calculator module. Through this partnership, Millum customers can calculate climate footprint at the ingredient level for recipes and menus. RISE and Klimato provide complementary data sources, giving customers choice in their calculation methodology.
• NHO Reiseliv InnkjøpskjedenmajorChannel Partner/ Reseller/ Distributor · 8 December 2022NHO Reiseliv Innkjøpskjeden is a purchasing organization within the Norwegian Hospitality Association (NHO Reiseliv). Their members access Millum Procurement as their purchasing system, providing Millum with reach into a significant portion of Norway's hotel and restaurant operators.
• Plateful (formerly Verdimat)supportingStrategic or Co-development Partner · 6 May 2021Plateful is a wholesaler that distributes surplus food from known suppliers to the food service industry and canteens. Millum provides the technology that handles ordering between Plateful and its customers, helping to prevent food waste by making surplus food available through the procurement system.
• FN Global CompactsupportingOthers · 1 January 2020Millum joined the UN Global Compact in December 2018, committing to the 10 principles covering human rights, labor, environment, and anti-corruption. The company aligns its sustainability strategy with UN Sustainable Development Goals #9 (Innovation and Infrastructure) and #17 (Partnerships for the Goals).
• Nordic Choice Hotels (now Strawberry)majorChannel Partner/ Reseller/ Distributor · 1 January 2018Nordic Choice Hotels (now Strawberry) is one of the largest hotel chains in the Nordics. Their properties access Millum through the 'By@Choice' portal, a white-label instance of the Millum platform customized for the hotel chain. Nordic Choice/Strawberry has been a Millum customer for approximately 15-20 years.
• MatinfocoreTechnology or Integration · 6 May 2017Matinfo (a subsidiary of Millum) provides nutritional information, allergen data, and E-% (energy percentage) content for food products through its integration with Millum's Menybank (Menu Bank) module. This enables automated allergen and nutrition labeling for menus and recipes.
• NorescoreChannel Partner/ Reseller/ Distributor · 1 January 2005Nores is a member-owned purchasing organization for the Norwegian hospitality and catering sector. Their members access Millum Procurement through the 'Buy at Nores' portal. The partnership began in 2005, making Nores one of Millum's longest-standing channel partners. Nores operates in both Norway and Sweden and has been instrumental in bringing major hotel groups and restaurant chains onto the Millum platform.
• GRESS-gruppencoreChannel Partner/ Reseller/ Distributor · 1 January 2002GRESS-gruppen is a purchasing cooperative for the Norwegian hotel and restaurant sector. Their members use Millum Procurement as their purchasing platform. The GRESS partnership was the breakthrough relationship that helped Millum gain critical mass of suppliers and buyers in the early 2000s. GRESS and Millum co-developed the original purchasing solution that evolved into Millum Procurement.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• SAP Ariba: SAP's procurement and supply-chain platform, already integrated with Millum for Radisson. Represents both a partner and a competitive incumbent that could expand native hospitality-grade procurement functionality, threatening Millum's differentiation in the mid-market.
• Coupa Software: A broad B2B procurement and spend-management platform serving enterprise customers globally. Comparable to Millum in providing Procure-to-Pay workflows, but operating at significantly larger scale and across industries rather than specializing in Nordic hospitality.
• Jaggaer: Enterprise procurement and supplier-management suite with indirect/spend analytics. Overlaps with Millum on P2P, contract, and supplier-portal functionality, though Jaggaer is far broader and serves global enterprises rather than Nordic hospitality.

Direct peers

• MarketMan: Restaurant inventory and procurement management platform. Comparable to Millum on inventory counting and supplier ordering for restaurants, though primarily US-focused and oriented toward single-location independents and small chains.
• Choco: Food and beverage procurement platform connecting restaurants with suppliers, with operations in Europe and the US. Directly comparable to Millum Procurement in HoReCa ordering workflows, though Choco targets independent restaurants more than enterprise hotel/canteen chains.
• BlueCart (by Lightspeed): Restaurant procurement and inventory platform, now part of Lightspeed Commerce. Overlaps with Millum on restaurant-side ordering and supplier management, but oriented toward North American restaurant SMBs rather than Nordic enterprise hospitality.
• Ordermark: Online ordering consolidation platform for restaurants. Partially comparable to Millum as a restaurant-supplier/procurement intermediary, though Ordermark focuses on direct-to-consumer order consolidation rather than B2B procurement.

Others

• Klimato: Swedish CO2 data provider for food and beverage, integrated into Millum's CO2 Calculator. Comparable as an ecosystem partner and adjacent technology provider for restaurant-sector climate accounting.
• Factlines: Norwegian supplier-documentation and CSR platform that integrates with Millum Commerce. Comparable as an adjacent supplier-risk and sustainability-compliance data provider in the Nordic procurement ecosystem.

Emerging players

• Procurify: Cloud-based purchasing and spend-management platform for SMB and mid-market organizations. Comparable to Millum in providing a modern P2P experience, though primarily sold to general SMBs rather than specialized HoReCa verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Millum.as
• LinkedInlinkedin.com/company/millum-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Millum