# Seated Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/seated-technologies

- Industry: Consumer Services
- Headquarters: New York, US
- Website: www.seatedapp.io
- Latest round: Series B (Nov 13, 2019)
- Investors on record: 1

## About

Seated Technologies, Inc. is an innovative company that enhances the dining experience by offering a streamlined app for reservations and meal ordering, targeting urban diners with a focus on convenience and efficiency.Founded in 2017, Seated Technologies, Inc. operates in New York, US, providing a platform that simplifies restaurant reservations and ordering processes. The company has successfully raised a total of USD 30.00 mn, with the latest funding round being a Series A led by Insight Partners, involving investors such as Craft Ventures, Greycroft Partners, and RHO Capital Partners. The firm has completed six deals since its inception and is led by CEO Brice Gumpel, who co-founded the company alongside John Griffin and Mohammad Atallah.SeatedApp offers a unique platform designed to facilitate the dining experience by providing restaurant-goers with a seamless reservation and ordering system. The core product is an application that allows users to discover dining options, make reservations, and order meals directly from their devices, enhancing convenience and efficiency. The primary end-use cases address the challenges of long wait times and limited visibility into restaurant offerings, aiming to streamline the dining experience for customers. This service is particularly beneficial for urban diners who seek quick access to quality dining experiences without the hassle of traditional reservation systems. The company targets various geographical markets, focusing on major metropolitan areas known for vibrant culinary scenes, thereby catering to a diverse clientele that includes both casual diners and food enthusiasts.The revenue model for SeatedApp is structured around a combination of subscription fees from restaurants and commission-based transactions on reservations made through the platform. Restaurants typically enter into partnerships with SeatedApp, incentivizing them to offer special promotions to attract more customers. Customers pay no fees for making reservations, which enhances user engagement and drives traffic to partner restaurants. The pricing structure may vary based on the level of service and promotional support that restaurants choose to utilize. Flagship offerings include premium visibility options for restaurants, allowing them to stand out in the platform's listings and attract a higher volume of diners. This approach not only creates a steady revenue stream for SeatedApp but also fosters a symbiotic relationship between the platform and its participating establishments.Seated Technologies, Inc. is focused on expanding its product offerings and reach. Future plans include the development of new features for the app and expanding into additional metropolitan markets in the US by the end of 2024. The recent funding of USD 30.00 mn will support these initiatives, alongside a new partnership with investor Haflo to enhance technological capabilities and market presence.

## Funding rounds

- Series B, Nov 13, 2019 — Mercuri
- Series A, Jul 11, 2019 — Mercuri
- Seed, Oct 25, 2018 — Mercuri

## Investors

- Mercuri (https://capitalatlas.ai/funds/mercuri) — Seed, Series A, Series B