Venture Capital News: Hostme Secures $1.3M Investment
Hostme has received a $1.3 million investment from the San Diego, California-based Schaffer Family Trust.
Hostme, the modern and intelligent restaurant reservation and table management solution, has received a $1.3 million investment from the San Diego, California-based Schaffer Family Trust.
"We view this funding as another vote of confidence from market watchers that Hostme truly is solving one of restaurant owners' biggest pain points: an affordable, reliable, seamless reservation and table management system," said Hostme CEO & Co-Founder Evgeny Popov.
The funding will enable Hostme to ramp up its B2B sales and marketing as it reaches out to additional restaurant owners and operators in targeted metro areas, including Washington, D.C.; Orlando, FL; London, UK. "We will focus on building strong partnerships, grow our resellers network, and strengthen and expand our Hostme product capabilities," explains Popov. "Our company already has a presence on all five continents, but we have raised our market penetration goals for 2019."
The restaurant reservation scene is rapidly changing and Hostme is disrupting the industry by offering an affordable and modern restaurant management system. Hostme has developed an intuitive, award-winning UI/UX with all the features restaurant owners need. This technology paired with the digital transformation of the restaurant industry is an excellent market opportunity. Hilton Hotels currently uses Hostme at four of its locations and Hostme plans to expand its footprint with the hotel chain in the future. Additionally, Hostme is currently deploying the app for restaurant chain Miller's Ale House to use in it's ninety-three locations across the country.
"Hostme is more than simply a solid and competitive product," said Popov. "We serve a customer base - from enterprise scale to small independents - that's truly hungry for a reservation solution that brings in customers efficiently without costing a fortune. Restaurants want to embrace digital transformation to remain competitive, but they don't want to go broke doing it."
-Founded in 2014 and based in Washington, D.C., Hostme is an app that provides restaurant owners and operators around the world with a fast, intuitive, customizable restaurant management system at a sensible price point.
-Hostme exists to streamline restaurant owners' reservation process and grow their revenue - for a fraction of what they would otherwise spend on competing platforms. It was built to overcome restaurant frustrations and challenges like wait-lists and no-shows. Operators using Hostme's system no longer get stuck paying fees for each person in the reservation or mix-ups on cancellations.
-Hostme offers a choice of flat-monthly plans starting as low as $29/monthly, wait-list and bundling features like waitlist, table and reservation management, guestbook and server rotation orchestration, and more. Hundreds of restaurants are choosing Hostme for their online reservation system.
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