# Resy Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/resy-network

- Industry: Software
- Headquarters: New York, US
- Website: www.resy.com
- Total disclosed funding: $15M
- Latest round: Series A (Jan 9, 2017)
- Investors on record: 10

## About

Resy Network, Inc. operates a sophisticated reservation management platform that enhances dining experiences for both restaurants and customers through technology-driven solutions.Founded in 2014, Resy Network, Inc. is based in New York, US, and specializes in reservation management for the hospitality sector. The company has raised a total of USD 13.00 mn in funding, with Airbnb leading the latest SERIES A round in May 2019. Resy has completed 3 deals to date and has a current valuation of USD 70.00 mn. The company was co-founded by Ben Leventhal, Francesco Defilippi, and Gary Vaynerchuk, with Ben Leventhal serving as the CEO.Resy is primarily known for its innovative reservation management platform tailored for the hospitality industry. The company's core offerings facilitate seamless booking experiences for both restaurants and customers, leveraging advanced technology to optimize table management and enhance customer service. Resy provides restaurants with tools to manage reservations, track guest preferences, and implement marketing strategies, while end-users benefit from an intuitive interface that allows for easy discovery and booking of dining experiences. The platform serves a wide range of clients, including high-end establishments and popular local eateries, positioning itself prominently in major metropolitan areas such as New York, Los Angeles, Chicago, and internationally in cities like Barcelona and Tokyo. As the company continues to expand, it aims to reinforce its presence in additional urban centers and emerging markets where dining experiences are in high demand.Resy generates revenue primarily through a subscription-based model for restaurants, offering various pricing tiers depending on the features and scale of services utilized. These subscriptions enable establishments to access a suite of tools designed to enhance operational efficiency and customer engagement. Additionally, Resy may engage in partnerships with financial institutions, providing exclusive dining access and promotional offers to cardholders as a value-added service. This multifaceted revenue structure ensures that Resy maintains a sustainable income stream while fostering partnerships that enhance the dining experience for consumers. The company's flagship services revolve around its reservation system, which is integral to the operations of its restaurant clients, encompassing both direct-to-consumer bookings and business-to-business relationships with restaurant operators.In May 2019, American Express acquired Resy Network, Inc., which may provide new opportunities for product development and market expansion. The company is expected to focus on launching new features that enhance the dining experience, although specific product release dates have not been disclosed. Resy plans to expand its footprint into additional urban centers and emerging markets, targeting areas where demand for dining experiences is growing. The funding from the SERIES A round will likely support these initiatives, allowing Resy to leverage its technology and enhance its service offerings in the hospitality industry.

## Funding rounds

- Series A, Jan 9, 2017, $13M — First Data Corporation, Lerer Hippeau Ventures, Airbnb, Inc., RSE Ventures, Enlightened Hospitality Investments, Union Square Hospitality Group, LLC
- Seed, Jul 31, 2014, $2M — Lerer Hippeau Ventures, Slow, Panarea Capital, Sound Ventures, Vayner/RSE

## Investors

- Lerer Hippeau Ventures — Seed, Series A
- Slow (https://capitalatlas.ai/funds/slow) — Seed
- Panarea Capital — Seed
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Seed
- Vayner/RSE (https://capitalatlas.ai/funds/vayner-rse) — Seed
- First Data Corporation — Series A
- Airbnb, Inc. — Series A
- RSE Ventures (https://capitalatlas.ai/funds/rse-ventures) — Series A
- Enlightened Hospitality Investments (https://capitalatlas.ai/funds/enlightened-hospitality-investments) — Series A
- Union Square Hospitality Group, LLC — Series A