Ukrainian-founded Allset secures $2.35 million from Ukrainian and American investors

Earlier this week Allset, a mobile app helping restaurants cut dining time in half by allowing customers to pre-order their meals, has secured a $2.35 million seed round.

The roud was led by New York-based venture capital firm Metamorphic Ventures with participation from Andreessen Horowitz and FJ Labs as well as previous investors Alexander Chernyak, a startup entrepreneur operating in the USA, Russia and Ukraine, and Andriy Dovzhenko from Kyiv (Kiev)-based SMRK VC Fund.

The total amount of investment raised by Allset reaches $3.35 million, including a $1 million pre-seed round.

“This new funding will help us pursue our mission to create a better way for busy people to have lunch and expand to new cities,” stated Allset’s co-founder Stas Matviyenko on his page on Facebook.

Allset was founded by Ukrainian entrepreneurs Stas Matviyenko and Anna Polishchuk in April 2015 as a continuation of their previous project Settle.

As of today the startup operates in San Francisco, Palo Alto, and New York City.

Free for customers, the service charges 10% of each order to the restaurant.

In 2014, Russian fund Life.Sreda committed itself to bring $1.5 million to Settle. The fund, however, changed its strategy and actually provided the startup with just a fraction (15%) of the agreed amount.

Sources: Allset, AIN.UA.

Topics: Finance, International, Mobile, Mobile apps, News, Software, Startups, Venture/Private equity
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