![]() It has raised $105 million in funding to date, including a $57.5 million Series C funding round last March. Splice, which was sourced by Christopher for Goldman Sachs, is a music creation marketplace founded in 2013. If you have dabbled in music-making (like I have), you’ve probably heard of Splice. BentoBox’s care for its customers can be seen in several initiatives its’ launched through the pandemic, such as digitising dine-in ordering, building out a donation feature at POS (point-of-sale), and its launching of Restaurants.Love, a food delivery marketplace which preserves the vendor’s individuality.īentoBox is used by over 5000 restaurants in all 50 states, and with digital adoption set to rise amongst the 600,000 restaurants in the United States alone, the future looks bright. And thirdly, BentoBox’s subscription-based business model is a major selling point for restaurateurs, who have for years complained about the squeeze that delivery services have placed on their already thin margins, helping it accelerate customer acquisition. These features also help increase restaurants’ top line by driving revenue through online orders and physical on-site experiences. Secondly, BentoBox’s bundling of features, which include the integration of online delivery, selling event tickets, and the handling of catering transactions, offers a healthy alternative to the one-size-fits-all approach of the incumbents that currently dominate the sector. ![]() It stands to reason that the same attention to detail that restaurants put into their interior decor, which can be the difference between being ignored by pedestrians and having them line up outside, should translate into their digital identity. With millions forced to order food online for months now, many have come to appreciate the fact that restaurants offer more than just things to eat.īentoBox facilitates the relationship between its customers and their customer’s clients in three main ways. The pandemic has only served to highlight this. While the former and latter are offered by services such as OpenTable and DoorDash, respectively, the problem that founder Krystie Mobayeni identified was the lack of control that restaurants have over their digital user experience, or in her words, “restaurants have lost that direct relationship with their guests,” which she believes is the “most important thing in hospitality”. BentoBox’s core value proposition is helping restaurants manage their unique online and digital presence, facilitating everything from reservation booking to online delivery. In its most recent Series B round led by Threshold Ventures, it raised $16.4 million, with investors such as Bullpen Capital, Haystack, and Female Founders Fund participating. BentoBox is a restaurant website builder founded by Krystie Mobayeni that has raised a total of $23.6 million since its inception in 2013.
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