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Seated
Restaurant reservations, takeout & delivery
- 21-100 employees
- B2C
- Hospitality
- B2B
- Marketplace
- Food
- Mobile
- Delivery
- Midtown Manhattan, New York, NY
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Company mission
Seated's mission is to help ensure restaurants' continued success as they provide amazing meals and one-of-a-kind experiences.
45% employee growth in 12 months
Our take
The Seated app offers a restaurant booking and takeaway ordering service with incentives for customers. Aimed at reducing the issues of no-shows and the resulting impact on restaurant profits, diners can benefit from rewards in the form of gift cards for popular retailers such as Amazon and Apple.
Seated differentiates itself through its excellent rewards; the more a restaurant is in need of customers, the higher rewards a user will gain from dining there, which benefits both the restaurant and the customer.
Competitors such as OpenTable offers a similar program, however, each OpenTable reservation typically earns only 100 points, and 2,000 points equate to a $10 gift card. That means a customer would have to dine out 20 times before earning anything.
Despite the existence of already well-established restaurant booking apps, Seated has secured over 900,000 bookings, bringing a revenue of more than $37 million to US restaurants. It is now looking to bring its services to more US cities and is positioned to perform well with its strong offering for both restaurants and customers.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Office in NYC with stocked fridges (for those who wish to come into an office)
- Citi Bike Monthly Membership
- Healthcare, Dental, and Vision
- Talkspace Membership with access to thousands of licensed therapists 24/7
- 401(k) match
- Stock options
- Seated 'Unplugged Day' - all employees take at least 1 day off every month to completely "unplug" from work (no slack/no email)
- Unlimited PTO
- Pre-Tax Flexible FSA, Dependent Care FSA
- Commuter Benefits
- TeleDoc Membership for 24/7 virtual care
- 16 weeks paid parental leave
- One Medical Membership
- Gympass Membership with access to thousands of gyms and studios
- $100 a month to spend at Seated restaurants (or Seated at Home)
Funding (last 2 of 5 rounds)
Aug 2020
$30m
LATE VC
Nov 2019
$20m
SERIES B
Total funding: $61.1m
This company has top investors
Leadership
Bo Peabody
(Executive Chairman)Previous Founding Chairman at Everyday Health Group for 5 years and Founder and CEO at Tripod for 7 years. Current co-owner of Mezze Restaurant Group.
Brice Gumpel
(CEO)Previously worked as an Intern at The Walt Disney Company and Morgan Stanley. Also worked as Fixed Income Analyst at Nomura for 1 year.