Lettuce Entertain You Enterprises Among Investors in Tock Reservation Platform

Lettuce Entertain You Enterprises Among Investors in Tock Reservation Platform

Restaurant Business |
Heather Lalley |
Nov 30, 2018
Original Article: "Lettuce Entertain You Enterprises Among Investors in Tock Reservation Platform"

The fast-growing tech company secured $9.5 million in its latest funding round.

Reservation platform Tock announced Wednesday it has secured $9.5 million in funding to fuel its expansion, in part from Chicago-based multiconcept operator Lettuce Entertain You Enterprises.

The funding round was led by Tesla and SpaceX investor Valor Equity Partners as well as venture-capital firm Origin Ventures, which has previously invested in Grubhub.

Tock CEO Nick Kokonas, founder and co-owner of The Alinea Group of restaurants, declined to comment on the amount invested by each group, noting that Lettuce Entertain You Enterprises has invested “seven figures plus” in Tock overall.

“We invested in Tock because it is transforming the reservation space and helping restaurants work smarter through its powerful technology platform,” R.J. Melman, Lettuce Entertain You’s president, said in a statement. “Tock’s strategic focus on businesses and consumers brings the dining experience into the 21st century, making it a win-win for both the restaurant and the guest.”

Famed chef Thomas Keller of The French Laundry in California is also a Tock investor, the company said.

Nearly 1,000 restaurants in 23 countries currently use Tock. It provides three reservation options: free, deposit-based and prepaid.

The investment will fund sales, marketing and customer support for fast-growing Tock, which is adding four to five new clients each day, Kokonas said.

A growing number of restaurant companies have been investing in technology suppliers, including Danny Meyer’s Enlightened Hospitality Investments, which invested in software provider Resy Network, and Yum Brands, which earlier this year agreed to buy $200 million of GrubHub stock.

Media Contact

Emily Clark pr@leye.com 773-878-7340

You May Also Like...

How To
VIDEO: 5 Ways to Use the LettuceEats App
Apr 26, 2019

We like to think of the LettuceEats app as your own personal restaurant concierge complete with…

read more >
How To
How To Win (2X, 3X, 4X even 5X Points) All Summer Long
Aug 6, 2010

Everyone we know loves summer and everyone we know also loves to win. So what if we told you that…

read more >

Recent Posts

In The Restaurants
Here’s Where to Happy Hour in Las Vegas
May 24, 2019

It's 5 o'clock somewhere! Treat yourself to happy hour on The Strip at one of our Lettuce Entertain…

read more >
In The Restaurants
Here’s Where to Happy Hour in the D.C. Metro Area
May 24, 2019

It's 5 o'clock somewhere! Here are all the happy hour deals at our D.C. metro area restaurants, from…

read more >
In The Restaurants
Here’s Where to Happy Hour in Los Angeles
May 24, 2019

The workday is done, so grab your friends and co-workers and head to Stella Barra in Santa Monica or…

read more >
In The Restaurants
Here’s Where to Happy Hour in Chicago
May 24, 2019

TGI- (insert day of the week here)! Here are all the happy hour deals available at Lettuce Entertain…

read more >
In The Restaurants
Here’s Where to Happy Hour in the Twin Cities
May 24, 2019

Happy Hour is even better when the drinks and food are half off! Treat yourself after work at one of…

read more >
In The Restaurants
Memorial Day 2019: Chicago
May 24, 2019

On Monday, May 27, our Chicago restaurants will honor Memorial Day with brunch, lunch and dinner…

read more >
In The Restaurants
Memorial Day 2019: Metro D.C. Area
May 24, 2019

On Monday, May 27, our Metro D.C. area restaurants will observe Memorial Day with brunch, lunch and…

read more >
In The Restaurants
Memorial Day 2019: Las Vegas
May 24, 2019

Our Las Vegas restaurants will honor Memorial Day on Monday, May 27 with brunch, lunch and dinner…

read more >
In The Restaurants
Memorial Day 2019: Twin Cities
May 24, 2019

On Monday, May 27, our Twin Cities restaurants will honor Memorial Day with lunch and dinner…

read more >
In The Restaurants
Memorial Day 2019: Los Angeles
May 24, 2019

Our Los Angeles restaurants are honoring Memorial Day on Monday, May 27 with brunch, lunch and…

read more >
How To
VIDEO: How To Mix Up Joe’s Clevelander Cocktail
May 21, 2019

Whether you're looking to impress guests at your next cocktail party, or simply want to shake things…

read more >
In The Restaurants
5 Chef-Approved Ways to Enjoy Spring Produce
May 20, 2019

Spring's showers have given way to flowers and we couldn't be happier to welcome warm(er)…

read more >
Lettuce Consulting Group

Grow Your Business

Learn More
Career Opportunities

Join Our Team

Search Jobs
Latest Articles

Sign Up For Our Newsletter

Sign Up Now