Spotluck raises $4.8 million Series A: report - Technical.ly DC

Growth

Spotluck raises $4.8 million Series A: report

The company plans to add in-app payments, CEO Cherian Thomas told the Washington Business Journal.

Some members of the Spotluck team.

(Courtesy photo)

Spotluck, the app bringing local restaurant deals to users in the D.C. area, Baltimore, Philly and (most recently) New York City, has raised a $4.8 million Series A, according to an article in the Washington Business Journal. The round was led by New York-based Jobi Capital, with New Dominion Angels and Rank Capital Group participating as well.

Spotluck CEO Cherian Thomas told WBJ the money will be used to expand within the company’s current markets, as well as add in-app payments.

“It’s a full-tech play, and so it’s not going to be easy, it’s an interesting roadmap, but if it was easy, everybody would do it,” he said. “So we’re up for the challenge.”

Read the full story

It’s an intriguing thought  — does this mean Spotluck aims to do for restaurant dining what D.C.’s Rooam is trying to do for bars? Various mobile payments apps have come before, and none have really managed to capture the market. Spotluck’s comparative advantage in this space might be the size of its existing user base (though Thomas declined to disclose this number in the WBJ story).

Companies: Spotluck
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