Resy Lands $13M In Funding Led By Partner Airbnb

Resy, the reservation booking app startup in New York, has landed $13 million in funding, which was led by Airbnb.

According to a report, with the latest funding round, the company is worth around $70 million. The report noted First Data, Lerer Hippeau Ventures and RSE Ventures also took part in the round of funding.

Resy already partnered with Airbnb in November when Airbnb launched Airbnb Trips. With the partnership, Airbnb users can dine as if they were a local, regardless of where they are. With the Resy app, users can make reservations at restaurants in greater than 50 cities around the country. It competes against OpenTable, another popular reservation booking app. According to the report, Resy said it seats more than 1.4 million diners per month and has around 1,000 restaurants participating.

In October, Resy announced it was expanding into Seattle. At the time, Resy said it was linking up with a “handful” of restaurants in the area in order to spread use of the company’s app, which allows users to reserve tables at restaurants via mobile devices. The site said that the initial launch in New York City came two years ago, and the platform let consumers pay for reservations — paying for convenience, so to speak. The Seattle debut will allow for reservations to be free. Resy’s platform can contact users to make reservations via text alerts. The restaurants launching include The Butcher’s Table, Monsoon and Brave Horse Tavern, among others. The service is now available in 10 cities nationwide.


Featured PYMNTS Study: 

With eyes on lowering costs to improving cash flow, 85 percent of U.S. firms plan to make real-time payments integral to their operations within three years. However, some firms still feel technical barriers stand in the way. In the January 2020 Making Real-Time Payments A Reality Study, PYMNTS surveyed more than 500 financial executives to examine what it will take to channel RTP interest into real-world adoption. Here’s what we learned.

Click to comment