What is Allset?
Founded in 2015, Allset specializes in streamlining the dining experience through technology that facilitates easy, fast, and frictionless pre-ordering of sit-down meals. The platform offers contactless pickup and dine-in options, connecting over 3,500 local restaurants with diners across major US cities and expanding its reach to North America, Europe, and Asia. Allset provides both B2B and B2C technology solutions, aiming to simplify everyday dining for consumers and optimize operations for restaurants.
How much funding has Allset raised?
Allset has raised a total of $18.1M across 5 funding rounds:
Angel/Seed
$1.5M
Other Financing Round
$1M
Angel/Seed
$2.4M
Series A
$5M
Series B
$8.3M
Angel/Seed (2015): $1.5M with participation from SMRK VC Fund
Other Financing Round (2015): $1M led by Alexandr Chernyak and SMRK VC Fund
Angel/Seed (2016): $2.4M supported by Andreesen Horowitz, FJ Labs, Metamorphic Ventures, and SMRK VC Fund
Series A (2017): $5M featuring Greycroft Partners, Andreessen Horowitz, FJ Labs, SMRK VC Fund, Vaizra Investments, and Compound
Series B (2020): $8.3M backed by Greycroft Partners, Andreessen Horowitz, European Bank for Reconstruction and Development, SMRK VC Fund, and Inovo Venture Partners
Key Investors in Allset
Andreesen Horowitz
Andreessen Horowitz is a prominent venture capital firm known for investing in both early-stage startups and established growth companies, with a focus on technology.
Greycroft Partners
Greycroft is a venture capital firm specializing in investments within the internet and mobile markets, leveraging industry connections to support portfolio companies.
FJ Labs
FJ Labs focuses on angel investing at a venture scale, particularly in marketplaces and network effect businesses, supporting visionary founders.
What's next for Allset?
With its recent major strategic investment, Allset is poised for accelerated growth and market penetration. The company's focus on enhancing its technology infrastructure and expanding its restaurant partnerships is likely to be a key priority. This funding round, characterized as enterprise-level, suggests Allset is moving towards scaling its operations significantly, potentially exploring new markets or developing advanced features to further differentiate itself in the food tech landscape. The strategic nature of the investment indicates a strong belief in Allset's business model and its potential for long-term success.
See full Allset company page
