Settle provides iOS and Android applications that enable restaurant guests to reserve tables, place pre-orders, and pay directly from their phones, reducing wait times for seating and food. The company is targeting the United States, where it has launched service in 12 Silicon Valley restaurants and operates under the Allset brand. Founder Stas Matvienko positions the product as a solution to the long wait problems common in U.S. casual dining venues. Settle’s immediate plan is to commercialize and expand its footprint across more U.S. restaurants using the newly raised capital. The startup maintains its roots in Ukraine while building a presence in the U.S. market, reflecting a dual-region operational strategy. No revenue or user figures were disclosed, but early traction is indicated by the dozen pilot locations in California. Historically, the company sought U.S. investors and had an earlier commitment from Russian fund Life.Sreda, which ultimately provided only 15% of a promised $1.5 million.

Total raised

$3M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2015