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News

Web3 App Blackbird Successfully Raises $24M Led By a16z

October 4, 2023 - Around 2 mins mins to read

Key Points:

  • Blackbird Labs, creators of the web3 app Blackbird, secured a $24 million Series A funding round led by a16z.
  • The app boosts restaurant revenue by personalizing customer experiences and offering rewards for repeat visits.
  • Blackbird plans to transform the restaurant industry with its funding and investor support.
In a significant development for the restaurant industry, Blackbird Labs, the creators behind the innovative web3 restaurant loyalty app, Blackbird, has successfully raised $24 million in a Series A funding round, led by crypto venture firm Andreessen Horowitz (a16z).
Web3 App Blackbird Successfully Raises $24M Led By a16z

Blackbird Labs Raises $24 Million to Expand Restaurant Loyalty App

This Series A funding round garnered participation from other notable investors, including QED, Union Square Ventures, Shine, Variant, and various restaurant groups. With this infusion of capital, Blackbird’s total funding now stands at an impressive $35 million, enabling the company to expand its operations and provide even more value to the restaurant industry.

The substantial investment aims to empower restaurants to boost revenue by fostering lasting customer relationships, according to Tech Crunch.

Web3 App Blackbird Helps Increase Restaurant Revenue

The Web3 app Blackbird offers a unique loyalty and connectivity platform for restaurants, rewarding patrons with access, perks, and FLY loyalty points with each interaction. The app stands out by tracking individual customer preferences, including their likes, dislikes, and seating preferences, as well as their frequency of visits. As customers engage more with the app, they “level up” and gain access to exclusive benefits.

Blackbird’s mission is clear: to help restaurants extend their reach and reward their guests. By leveraging the app’s capabilities, operators can greet diners by name and provide a personalized dining experience based on their preferences, previous visits, seating choices, and culinary likes and dislikes.

With the backing of a16z and a solid funding base, the Web3 app Blackbird is well-positioned to revolutionize the restaurant industry by enhancing customer loyalty and engagement, ultimately driving revenue growth for establishments across the globe.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

A16z

Andreessen Horowitz

Blackbird

Blackbird Labs

Web3

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Web3 App Blackbird Successfully Raises $24M Led By a16z

Key Points:

  • Blackbird Labs, creators of the web3 app Blackbird, secured a $24 million Series A funding round led by a16z.
  • The app boosts restaurant revenue by personalizing customer experiences and offering rewards for repeat visits.
  • Blackbird plans to transform the restaurant industry with its funding and investor support.
In a significant development for the restaurant industry, Blackbird Labs, the creators behind the innovative web3 restaurant loyalty app, Blackbird, has successfully raised $24 million in a Series A funding round, led by crypto venture firm Andreessen Horowitz (a16z).
Web3 App Blackbird Successfully Raises $24M Led By a16z

Blackbird Labs Raises $24 Million to Expand Restaurant Loyalty App

This Series A funding round garnered participation from other notable investors, including QED, Union Square Ventures, Shine, Variant, and various restaurant groups. With this infusion of capital, Blackbird’s total funding now stands at an impressive $35 million, enabling the company to expand its operations and provide even more value to the restaurant industry.

The substantial investment aims to empower restaurants to boost revenue by fostering lasting customer relationships, according to Tech Crunch.

Web3 App Blackbird Helps Increase Restaurant Revenue

The Web3 app Blackbird offers a unique loyalty and connectivity platform for restaurants, rewarding patrons with access, perks, and FLY loyalty points with each interaction. The app stands out by tracking individual customer preferences, including their likes, dislikes, and seating preferences, as well as their frequency of visits. As customers engage more with the app, they “level up” and gain access to exclusive benefits.

Blackbird’s mission is clear: to help restaurants extend their reach and reward their guests. By leveraging the app’s capabilities, operators can greet diners by name and provide a personalized dining experience based on their preferences, previous visits, seating choices, and culinary likes and dislikes.

With the backing of a16z and a solid funding base, the Web3 app Blackbird is well-positioned to revolutionize the restaurant industry by enhancing customer loyalty and engagement, ultimately driving revenue growth for establishments across the globe.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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