On Sept. 21, Ukrainian Allset, a mobile app helping restaurants cut dining time in half by allowing customers to pre-order their meals, has secured a $2.35 million seed round.
The investment roud was led by New York-based venture capital firm Metamorphic Ventures with participation from Andreessen Horowitz and FJ Labs as well as previous investors Alexander Chernyak, a startup entrepreneur operating in the USA, Russia and Ukraine, and Andriy Dovzhenko from Kyiv (Kiev)-based SMRK VC Fund.
The total amount of investment raised by Allset reaches $3.35 million, including a $1 million pre-seed round.
“This new funding will help us pursue our mission to create a better way for busy people to have lunch and expand to new cities,” stated Allset’s co-founder Stas Matviyenko on his page on Facebook.
Allset was founded by Ukrainian entrepreneurs Stas Matviyenko and Anna Polishchuk in April 2015 as a continuation of their previous project Settle.
As of today the startup operates in San Francisco, Palo Alto, and New York City.
Free for customers, the service charges 10 percent of each order to the restaurant.
In 2014, Russian fund Life.Sreda committed itself to bring $1.5 million to Settle. The fund, however, changed its strategy and actually provided the startup with just a fraction (15 percent) of the agreed amount.
The article was first published at Ukraine Digital News.
