# ialoc SRL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ialoc

- Industry: Internet
- Headquarters: Bucharest, Romania
- Website: www.ialoc.ro
- Total disclosed funding: $0.1M
- Latest round: Seed (Apr 12, 2018)
- Investors on record: 1

## About

ialoc SRL is a technology company specializing in online reservation systems for restaurants, bars, and cafes in Romania, enhancing the dining experience by simplifying table bookings through its innovative platform.Founded in 2017 in Bucharest, Romania, ialoc specializes in online reservations for eateries. The company, co-founded by Cosmin Magureanu, Dragos Badea, and Emil Muthu, raised EUR 0.1 million in Seed funding from GapMinder Venture Partners in April 2018, marking its first investment round. Cosmin Magureanu also serves as the CEO, managing the company’s operations and strategic direction.ialoc offers an online reservation platform that facilitates table bookings for restaurants, bars, and cafes across Romania. The service allows users to make reservations seamlessly, catering to individual diners and restaurant owners. The platform is designed to enhance customer convenience and improve operational efficiency for dining establishments, focusing on major cities like Bucharest, Cluj, Timi?oara, and Bra?ov, among others.In the most recent fiscal year 2023, ialoc reported a revenue of EUR 229,234.90 and an EBITDA of EUR 110,044.10. Revenue is generated through a transactional model where reservation fees are charged to restaurant partners, also potentially incorporating subscription models for premium features.ialoc plans to leverage its recent Seed funding of EUR 0.1 million to enhance its current platform and develop new features aimed at improving user experience. The company is also exploring expansion into additional Romanian cities beyond its current focus to widen its market reach. Strategic partnerships and feature upgrades are anticipated within the next year, aiming to bolster user engagement and operational capacity.

## Funding rounds

- Seed, Apr 12, 2018, $0.1M — GapMinder Venture Partners

## Investors

- GapMinder Venture Partners (https://capitalatlas.ai/funds/gapminder-venture-partners) — Seed