We're happy to announce that at the end of 2015 eat raised another round of funding, bringing the total investment to $700,000. This year proved to be an extremely significant year for the company with several large milestones achieved. Read on to see what we accomplished!
Acquisition in Bahrain
At the beginning of 2015 we launched both our consumer app and our reservations management platform tool for restaurants in Bahrain. In the following 12 months we acquired over 90% of the fine-dining restaurant market, who now use eat's products to increase reservations, improve restaurant management efficiency and maximise guest data capture. Our current list of clients in the Kingdom include the Four Seasons Bahrain Bay, The Gulf Hotel, Sofitel Bahrain Zallaq Thalassa Sea & Spa, The Westin and Le Meridien Bahrain City Center, The Palace Boutique Hotel and a large number of other hotels and independent restaurants.
In conjunction with the launch of our reservations management platform, we released our consumer app product for the same market, which is now active across both Android and Apple on over 30,000 smartphones in Bahrain. At the end of 2015, eat's products were responsible for processing and seating over 800,000 diners!
Entry into the Dubai Market
In the third quarter of 2015 we officially launched our reservations management platform in the United Arab Emirates and opened our doors to our first satellite office in Dubai. Our entry into the saturated Dubai market has resulted in some hard fought victories, including the acquisition of The Palazzo Versace, The Taj Group of Hotels, The St. Regis Hotel, Aprons and Hammers restaurant group, and other prominent Uae-based hotels.
Last year also witnessed significant growth across both our development, sales and marketing teams, with eat's staff growing to over 25! Our Headquarter office in Bahrain welcomed Alexander as Head of Marketing and Ryan as Head of Acquisition, whilst our new Dubai office saw Tracey, Mathieu, Mohammad and Zsofia join the sales team and David as Head of Country. On the development side of things we welcomed Pierre and John.
Total Investment Raised to $700,000
Eat has also recently raised an additional round of funding, bringing the total investment figure to $700,000. This is pretty big news for us, and our series A shouldn't be too far away now. Stay tuned for an even bigger and better 2016!