Savored
Latest round
- Series A
Last raised
- Jan 2011
Total raised
- $3M
Investors
- 3
About Savored
Savored operates as a restaurant reservation service that enhances consumer dining experiences. The company was acquired by Groupon in September 2012 for an undisclosed amount. Founded in New York, US, it has undergone a strategy shift to integrate its services into the Groupon platform, widening its reach and audience. The acquisition has positioned Savored to leverage Groupon's extensive customer base for greater visibility and accessibility.00 mn.Savored, now integrated with Groupon, specializes in providing restaurant reservation services aimed at enhancing dining experiences for consumers. The core offering allows users to discover top dining establishments and secure valuable reservations through a streamlined process. Customers are guided through several steps: visiting the Groupon website, searching for reservations, and browsing available options to make purchases and confirm bookings. The service primarily targets urban markets where dining out is prevalent, catering to a diverse clientele that includes food enthusiasts, busy professionals, and groups celebrating special occasions.Savored generates revenue through transaction-based interactions occurring on the Groupon platform. Customers typically engage in a direct-to-consumer model, where they browse restaurant offerings and make reservations by purchasing deals or packages. This structure allows for flexibility in pricing, as users can access various promotions or discounted rates on reservations. The company’s flagship service revolves around securing reservations at sought-after restaurants, which incentivizes usage and repeat business.Following the acquisition by Groupon in September 2012, Savored is expected to utilize its integration into the Groupon platform to enhance its service offerings and expand its customer base. Future growth initiatives may include the development of new product features aimed at improving user experience and potentially expanding into new geographic regions to tap into underserved markets.
Who invested in Savored
3 investors across 1 round
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Funding rounds
Series A
Jan 10, 2011
Amount
$3M
Investors
Questions about Savored
Who invested in Savored?
Savored has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Savored raised?
Savored has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Savored last raise money?
Savored's most recent round on record is a Series A, in Jan 2011.
What does Savored do?
Savored operates as a restaurant reservation service that enhances consumer dining experiences.
Where is Savored headquartered?
Savored is headquartered in New York, US.
Which VCs invest in companies like Savored?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Savored's stage. Their profiles are linked below.
VCs backing internet startups at Series A
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