Resy Raises $2M to Disrupt the Restaurant Reservation Space
New York-based startup Resy has secured $2 million in seed funding to transform how diners book tables at high-demand restaurants. The innovative platform allows users to purchase premium reservation slots, challenging industry giants like OpenTable.
Key Investors Backing the Vision
The funding round was led by prominent venture firms:
Additional participants included TomsCapital/Panarea Capital, A-Grade Holdings, Slow Ventures, and angel investor Ken Austin.
How Resy’s Innovative Model Works
Resy addresses a critical pain point in the dining experience:
- Premium Access: Users pay a fee to secure prime-time reservations at sought-after restaurants
- Instant Booking: The platform shows real-time availability with minimal advance notice required
- Seamless Experience: Diners bypass waitlists and are seated immediately upon arrival
“We’re capturing customers who value their time too much to wait in line,” explains CEO Ben Leventhal, co-founder of Eater.com.
Benefits for Restaurants
- New Revenue Stream: Restaurants share in the reservation fees
- Customer Acquisition: Attracts time-sensitive diners who might otherwise dine elsewhere
- Loyalty Building: Early data shows users booking multiple times at favorite locations
Strategic Launch and Future Plans
Resy is launching with an exclusive selection of 20 top NYC restaurants including:
- Minetta Tavern
- Charlie Bird
- Toro
- Gotham Bar and Grill
The company is currently maintaining a hands-on approach with restaurant partners but may explore self-serve options in the future. As part of Vayner/RSE’s incubation program, Resy benefits from the expertise of Gary Vaynerchuk, who serves as co-founder alongside Leventhal and CTO Michael Montero.
Industry Impact
With its unique monetization model and focus on premium dining experiences, Resy represents a significant innovation in restaurant technology. The platform addresses longstanding inefficiencies in restaurant inventory management while creating value for both diners and establishments.
As the food tech sector continues to evolve, Resy’s approach could redefine how we think about restaurant reservations in the digital age.
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