Reserve acquired by Resy
Hospitality technology platform Reserve has been acquired by Resy to become the largest private reservation service in the US. Terms of the transaction were not disclosed. “Since we started selling Reserve table management in 2015, we’ve demonstrated strong growth by expanding our product offering and geographic footprint to provide an alternative system that’s actually aligned with the needs of restaurants,” said Reserve CEO Greg Hong. “Resy is highly complementary to our existing footprint and enhances our ability to focus on the needs of our restaurants and build solutions to support them. Right now our priority is establishing a plan to combine the best of both of our products, and we’ll be working closely with our restaurant partners and their guests to ensure that it is a smooth and positive experience. We’re thrilled to join the Resy team.”
Investors in the acquired company: SV Angel, First Round Capital, Lowercase Capital, Sherpa Capital, QueensBridge Venture Partners, Advancit Capital, Hinge Capital, Visionnaire Ventures, The Chernin Group, Arena Ventures, Vast Ventures, Wildcat Venture Partners, WME, Expa, Jared Leto, Bryant Stibel Investments, Plus Capital, Tom Conrad, Human Ventures, Jon Favreau, Diageo Technology Ventures
Total funding raised: $30M
Full coverage: Reservation Tech Platform Reserve Acquired by Competitor Resy
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