Allset Raises $8M Series B

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Playa Vista-based restaurant app developer Allset Technologies Inc. said it has raised $8.25 million in a Series B funding round led by the European Bank for Reconstruction and Development in London.

Existing Allset investors Andreessen Horowitz, Greycroft and Ukrainian fund SMRK VC Fund, as well as new investor Warsaw-based Inovo Venture Partners, also participated in the round, according to Allset.

The company said the latest raise brings Allset’s total investment to $16.6 million.

“Looking ahead, we aim to strengthen Allset’s position in the busiest districts of our major markets like New York and Los Angeles,” Chief Executive Stas Matviyenko said in a statement. “We want to bring even more value to our customers and be the No.1 everyday dining solution for busy diners in the busiest districts as soon as the current situation improves.”

Allset offers diners the option to preorder and prepay for meals for dine-in or pickup services in local restaurants.

The company is temporarily offering pickup orders only, due to local restrictions on dine-in service prompted by the Covid-19 outbreak, a company spokesperson said. Allset said it does not provide delivery services.

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