Tock Inc, which is a Chicago and IL-based innovative global reservations platform for the wineries, pop-ups, and restaurants has now secured $9.5 Million in the funding round of Series A.
The round was led by the Valor Equity Partners, Origin Ventures with collaboration from the three-starred Michelin Chef Thomas Keller, and Lettuce Entertain You Enterprises which operates in more than 120 countries across the globe. The company has plans to use the funds to accelerate its growth in the hospitality industry.
The startup which is led by the Nick Kokonas, who is also the founder and owner of The Alinea Group of Restaurants. Tock provides the table management, marketing integrations, CRM, reservations for nearly 1000 restaurants, which is ranging from neighborhood pizzerias to Michelin Starred destinations in more than 20 countries as well as hundreds of wineries, event-based and pop-ups businesses. It provides the consumers with ability to discover and book wherever they are on – Google, Facebook, Whatsapp, Instagram, Maps or even on the Tock app.
Apart from just its addition to its network of restaurants, the company partnered with the Chase Pay gives customers the ability to book every day to exclusive experiences with the help of Chase Pay, using the Chase Credit or debit card, Chase Ultimate Rewards point out with the combination of both as well, securely and instantly.
“We invested in Tock because it is transforming the reservation space and helping restaurants work smarter through its powerful technology platform,” said R.J. Melman, President of Lettuce Entertain You Enterprises. “Tock’s strategic focus on businesses and consumers brings the dining experience into the 21st century, making it a win-win for both the restaurant and guest.”
“We’ve witnessed Tock’s explosive growth rate, while continuing to provide the latest technological innovation and the highest level of customer service,” said Jason Heltzer, partner, Origin Ventures, and a member of Tock’s board of directors. “Tock is a true industry-disrupter, a phrase that is rarely uttered in the restaurant technology space. This investment will further accelerate their growth and expansion into other hospitality sectors”.
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