# Per Diem Subscriptions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/per-diem-subscriptions

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.per-diem.co
- Total disclosed funding: $2.3M
- Latest round: Seed (Apr 21, 2021)
- Investors on record: 1

## About

Based in the US, Per Diem Subscriptions, Inc. specializes in providing mobile app solutions for restaurants and coffee shops, enhancing customer engagement and streamlining order management.Founded in 2021 in Brooklyn, US, Per Diem Subscriptions, Inc. creates mobile apps tailored for food service businesses. The company was established by Bill Griffin, Doron S, and Tomer Molovinsky, who also serves as CEO. In April 2021, Per Diem raised USD 2.3 mn in Seed funding, led by Two Sigma Ventures. The company has completed a total of 1 deal to date, reinforcing its operational foundation.Per Diem offers a specialized mobile app platform tailored for restaurants and coffee shops, enabling businesses to enhance customer engagement through branded mobile applications. Their core product facilitates seamless integration with Square POS, allowing businesses to receive orders directly without the need for additional tools or syncing. Key features include one-tap ordering, loyalty tracking, and personalized marketing tools like push notifications and promotional banners, designed to improve customer retention and increase in-app sales. Customers primarily consist of small to medium-sized food service establishments across various markets, including major urban areas such as New York, Los Angeles, Boston, and Chicago. By focusing on these geographical markets, Per Diem addresses the growing demand for mobile solutions in the food service industry, emphasizing user-friendly design and operational efficiency.Per Diem generates revenue through a subscription-based model starting at USD 99 per month, which grants clients access to their mobile app services and integrated Square POS features. The pricing structure includes a transaction fee of 2.9% plus USD 0.30 for credit card processing, and additional fees associated with delivery services. The company’s revenue is primarily derived from partnerships with restaurants and cafes that utilize their platform for managing customer orders and loyalty programs. As clients onboard their branded apps, they benefit from features such as automated menu imports and marketing capabilities, thereby enhancing their operational efficiency while driving sales through an improved customer experience. This transactional framework allows for straightforward business relationships, reinforcing Per Diem's role as a critical partner in the restaurant technology space.Following the Seed funding round completed in April 2021, during which Per Diem raised USD 2.3 mn, the company is strategically focused on launching new product features designed to enhance user experience. Plans are underway to expand into additional urban markets, targeting cities such as San Francisco and Seattle by the end of 2023. The recent funding will be utilized to support product development and market expansion initiatives, solidifying Per Diem's presence in the competitive food service technology landscape.

## Funding rounds

- Seed, Apr 21, 2021, $2.3M — Two Sigma Investments

## Investors

- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Seed