Wait-free dining startup Allset raises $2.35M seed from Andreessen Horowitz, Metamorphic Ventures, FJ Labs, and previous investors

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Sep 20, 2016, 06:00 ET

SAN FRANCISCO, Sept. 20, 2016 /PRNewswire/ -- San Francisco-based wait-free dining startup Allset (www.allsetnow.com) has raised $2.35 million in seed funding. Allset focuses on the dine-in restaurant experience, enabling customers to both book a table and pre-order their meal at local restaurants making for a wait-free and more seamless lunch.

Including previously raised $1 million in pre seed funding, Allset has now raised a total of $3.35 million. Launched last year, Allset currently operates in San Francisco, Palo Alto, and Manhattan serving over 8,500 diners per month with more than 180 restaurant partners.

The new round was led by Metamorphic Ventures, with participation from Andreessen Horowitz, FJ Labs, and previous investors — SMRK VC Fund and private investor and entrepreneur Alexandr Chernyak.

Allset plans to utilize the new funds to expand into new markets (Los Angeles and Chicago) as well as for product research, development, and marketing.

About Allset

Allset takes all the waiting out of eating at restaurants. It allows anyone to book, order & pay for their lunch at local restaurants before arrival. The app can save diners up to 30 minutes of time that is usually spent waiting for a table, food & check.

Allset helps local restaurants bring in new customers during mid-week lunchtimes, increase table turnover by cutting dining time in half, and serve corporate clients for business meetings and employee lunches: https://allsetnow.com/for-restaurants/

Earlier this year Allset released a Facebook Messenger bot to enable diners to book, order & pay ahead for lunch at local restaurants directly from Facebook Messenger on their phones and computers: https://www.m.me/allsetnow

Also, the company has launched Allset for Business letting local companies to provide company-paid lunches at restaurants to their clients and employees: https://allsetnow.com/for-business/

Allset earns 10% from each order charged to the restaurant. The service is free for users.

Quotes - Jeff Jordan, Andreessen Horowitz, former OpenTable CEO

"Allset provides strong benefits to both diners and restaurants while relieving significant friction from the dining experience on both sides of the table. I use the service as a consumer and love the experience!"

Quotes - Alexandr Chernyak, private investor and entrepreneur

"I had many reasons to invest in this project initially and to continue investing during later investment rounds. I really believe in this service and I am 100% sure that everyone who has a tight schedule and values their time will benefit from using Allset. And the main reason, of course, is that I trust the team behind this project. These people believe in what they do. They really live for this project and have one goal and one goal only — to make lives of their clients easier and more productive."

Quotes - Stas Matviyenko, CEO Allset

"It's a great honor to have support from such amazing people, and I'm thrilled to have Marc Michel (Metamorphic Ventures) and Jeff Jordan (Andreessen Horowitz, former OpenTable CEO) involved in our next stage of growth. This new round is a huge vote of confidence in our team and our mission to reclaim a restaurant lunch break. I'm really thankful to our amazing customers who've been supporting Allset on our early stages. We've got a lot of positive response from so many people, it gives us strength and motivation to move forward."

Get Allset

Allset app for iOS:

https://itunes.apple.com/us/app/allsetordersitdownlunches/id1016005447?mt=8

Allset app for Android:

https://play.google.com/store/apps/details?id=com.allset.client

SOURCE Allset Technologies