Seated

Seated is a membership club for dining enthusiasts and a dynamic pricing platform for restaurants.

Seated's platform allows restaurants to fill excess inventory using an upscale, dynamic rewards program.

Seated was founded in 2017 by Peabody and Brice Gumpel. The company is headquartered in New York.

Seated’s mission is to help the 330,000 sit-down restaurants fight the national occupancy rate of 36% that has plagued the industry for decades and led 50% of restaurants to close within 3 years of opening.

Seated curates a highly-vetted list of more than 1,200 restaurants in 14 cities across the U.S. It offer diners dynamic rewards ($10-$50 per reservation) to Lyft, Amazon, Nike, Uber and Starbucks every time you book a Seated restaurant on the platform for the first time.

 

Seated has to date racked up some 900,000 reserved seats and $37 million in revenue for its restaurant partners across NYC, Boston, Atlanta and Chicago (covering around 800 independent restaurants in all at the moment), with some additional $7 million in tips for staff.

 

Seated has raised $30M in new round on Aug 18, 2020. The financing was led by Insight Partners and Craft Ventures, with participations from Greycroft and Rho Capital Partners also joining the round. Seated has also acquired VenueBook, a platform for event planners to reserve space at restaurants and other venues.

 

 

  • Year founded: 2017
  • Funding Info: $30M over 2 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: New York
  • State: New York
  • Country: United States
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