Allset raises USD 5mln in Series A funding

Allset raises USD 5mln in Series A funding

The reservation app for restaurants was created by Ukrainians

Andreessen Horowitz, Vaizra Investments, Compound, FJ Labs and Ukrainian SMRK joined the funding of the startup. To note, Graycroft venture capital firm is a leading investor of the Allset application for making orders and placing reservations in restaurants in the USA.  The application is aiming at eliminating the unnecessary waiting time for meals preparations up 5mins upon arrival. At the same time, the restaurants can win by arranging orders and servicing customers more efficiently. As of present, the app services up to 22 000 orders a month. The company works closely with some 700 restaurants in San-Francisco, New York, Los Angeles, and Chicago. The raised funds will be channeled for marketing and expanding of the operations  in the USA . In 2018, the service will join restaurants from Washington, Houston, Philadelphia, and Phoenix.

Stas Matvienko and Anna Polishchuk, the founders of Allset 

As of present, the company has offices in San Francisco, New York, and Kyiv, Ukraine.

 “Allset allows full service restaurants to finally take advantage of the consumer’s love affair with the on-demand economy,” said Greycroft’s Bo Peabody.  

Outstandingly, the total amount of investment in Allset amount to USD 8.35mln.

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