# Pocket Concierge

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pocket-concierge

- Industry: Internet
- Headquarters: Tokyo, Japan
- Website: www.pocket-concierge.jp/
- Total disclosed funding: $0.8M
- Latest round: Series A (Sep 11, 2013)
- Investors on record: 2

## About

Based in Japan, Pocket Concierge, Inc. provides a streamlined reservation and payment service connecting diners with a curated selection of upscale restaurants, enhancing the fine dining experience.Founded in 2011 in Tokyo, Japan, Pocket Concierge, Inc. specializes in an online platform that facilitates reservations and payments at high-end restaurants. The company has secured a total of 5 deals, with its most recent funding occurring in January 2019 during a Series A round where it raised JPY 75.00 mn from investors including Fuji Startup Ventures and Nippon Venture Capital. Following its latest funding, Pocket Concierge achieved a company valuation of JPY 1,294.49 mn.Pocket Concierge specializes in a reservation and payment service catering to a curated selection of upscale restaurants. This service enables users to seamlessly search for, book, and settle bills at fine dining establishments, streamlining the dining experience for both customers and restaurant operators. The primary customer base includes both domestic and international diners seeking high-quality dining options in major urban markets, with services offered in regions such as Tokyo, Osaka, and other prominent cities known for their gastronomic scenes. By focusing on high-end restaurants, Pocket Concierge targets affluent individuals and food enthusiasts who value convenience and a premium dining experience.Revenue generation for Pocket Concierge is primarily driven through transaction fees associated with reservations and payments made via their platform. Each booking solidifies a direct financial relationship between the company and both the diners and the restaurants they serve. The transaction structure typically involves a fee levied on each reservation, which may be calculated as a percentage of the total bill or a flat rate, ensuring that the service remains profitable while providing value to all parties involved. Partnerships with restaurants enhance this revenue model, as establishments benefit from increased visibility and customer flow, while Pocket Concierge captures a share of each successful transaction. The company’s flagship service, which combines restaurant booking and payment processing, positions it uniquely in the marketplace, catering to users who prioritize a streamlined approach to dining out.As of January 2019, following its acquisition by American Express, Pocket Concierge plans to leverage its new resources to enhance its platform capabilities and expand into additional international markets. The company aims to develop new product offerings that enhance user experience, although specific release dates and details are not disclosed. This strategic growth is supported by the recent funding, which will be allocated towards technology improvements and market expansion efforts.

## Funding rounds

- Series A, Sep 11, 2013, $0.8M — Nippon Venture Capital, Fuji Startup Ventures

## Investors

- Nippon Venture Capital (https://capitalatlas.ai/funds/nippon-venture-capital) — Series A
- Fuji Startup Ventures (https://capitalatlas.ai/funds/fuji-startup-ventures) — Series A