What is Reserveout?
Reserveout operates as a sophisticated online platform designed to connect hospitality, entertainment, and dining service providers with their patrons. The company's web and mobile applications facilitate seamless online and mobile reservations, offering users an interactive and socially aware experience. For its clients, which include venue owners such as restaurants and spas, Reserveout provides an electronic portal for efficient management, tracking, and sales of resources and services. This system functions as an advanced electronic reservation book and table management system, enabling businesses to effectively advertise, interact with, and fulfill customer demands. Currently active in Abu Dhabi, Amman, Beirut, Doha, Jeddah, Manama, and Dubai, Reserveout is poised for expansion into the rest of the Middle East and Turkey.
How much funding has Reserveout raised?
Reserveout has raised a total of $4M across 1 funding round:
Series A
$4M
Series A (2016): $4M with participation from iMENA Group companies, Jisr Venture Partners, Silicon Badia, and 500Startups
Key Investors in Reserveout
iMENA Group companies
iMENA Group companies is a regional internet champion founded in 2012, focused on building and scaling high-growth internet businesses across the MENA region. They leverage expertise in technology and investment to operate digital marketplaces and have a track record of launching, acquiring, scaling, and exiting successful regional platforms.
Jisr Venture Partners
JISR Venture Partners specializes in growth-stage investments globally, providing flexible growth capital, strategic guidance, and operational expertise to scalable and profitable businesses. Their sector focus includes healthcare, new media, consumer internet, fintech, and consumer goods.
Silicon Badia
Silicon Badia is a venture capital firm established in 2012 that partners with entrepreneurs to address significant global challenges, investing in over 100 startups across more than 15 technology industries worldwide and providing networks and support to leading technology entrepreneurs.
What's next for Reserveout?
The recent major strategic investment signals a pivotal phase for Reserveout, likely focused on accelerating its expansion into new markets like Turkey and broadening its reach across the Middle East. This capital infusion will probably be directed towards enhancing its technological infrastructure, scaling its sales and marketing efforts, and potentially developing new features to further solidify its position as a leader in the digital reservation and resource management space for the hospitality and entertainment sectors. The company's focus on bridging the gap between service providers and patrons, coupled with its robust management system, positions it for sustained growth and market penetration.
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