Growth on the menu for AI-powered restaurant booking firm
An artificial intelligence-powered restaurant discovery platform has raised €3.3m in funding as it looks to become the “Google for restaurants”.
The investment round in Finland-headquartered City Digital, the firm behind EatAndTheCity, was led by the Wallstreet Group and included Gorilla Ventures, Arteel Ventures, Tekes and angel investors.
EatAndTheCity is a white label software solution which allows users to find and book restaurants in their city. The platform combines feedback from journalists, food critics and local users into unbiased reviews of nearby restaurants and takeaways.
Digital media companies can, in turn, generate new revenue through white label integration as a trusted source of information for local eating experiences.
"EatAndTheCity was originally created to be the “Google for restaurants” in Finland,” said City Digital chief executive Ilkka Lavas.
"We noticed that a number of media companies were interested in restaurant discovery portals, as they would be able to leverage their connection with local communities to deliver a genuinely useful service and an additional revenue stream.
"Our service was validated in our eyes when we started winning awards. Our aim is to help media networks take local restaurant discovery into the mainstream across the world.”
The company has offices in Helsinki, Berlin, London, Sheffield and Tallinn, Estonia, and is set for further international expansion as it looks to become the world's leading local restaurant discovery platform.