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Blackbird gobbles up $50M for its blockchain-based payment-loyalty app for restaurants

TechCrunch LogoTechCrunch2w ago

Blackbird gobbles up $50M for its blockchain-based payment-loyalty app for restaurants - TechCrunch

Quick Summary:

A founder who has carved out a name for himself building products to help restaurants connect better with would-be diners has $50 million for his latest startup: a new take on the idea of customer loyalty.

Leventhal cites figures that note that the average profitability of restaurants these days is under 5%, compared to an average of around 20% in the early Noughties.

The third restaurant startup Leventhal founded, the food blog Eater, was also acquired: it’s now part of Vox.

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Blackbird gobbles up $50M for its blockchain-based payment-loyalty app for restaurants - TechCrunch (Picture 1)

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 12:08:36 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 845 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 27725882

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