Spotluck announced it has secured $5 million in Series A financing. Three investors participated in the round, among them Jobi Capital and New Dominion Angels.
Spotluck is a restaurant discovery and savings platform. The Spotluck app is an on-demand solution for discovering casual-dining and fast-casual local restaurants. Users of the Spotluck app experience a gamified approach to choosing restaurants and can save money through discounts that continuously fluctuate.
Spotluck’s restaurant partners benefit from exposure to new guests, yield management tools to drive business during slow periods, customizable solutions for communicating with app users, and actionable data to better understand their business.
According to the company, the money will be used for expansion within the app’s current markets, including greater Washington, Baltimore, Philadelphia, New Jersey, and New York, as well as to update the app to allow users to use it to pay their restaurant bills.