Tock raises $10 million to help fancy restaurants do takeout
Nick Kokonas, co-owner and co-founder of the Alinea Group and Tock Inc., speaks during the Bloomberg Year Ahead in Luxury summit in New York, on Thursday, Nov. 29, 2018.
Mark Kauzlarich | Bloomberg via Getty Images
As co-owner of the priciest eatery in Chicago and CEO of an internet start-up focused on restaurant reservations, Nick Kokonas is uniquely exposed to the current economic crisis.
But he’s definitely not succumbing to it.
While reservations giant OpenTable is cutting staff, and restaurant software vendor Toast said last month that it’s reducing headcount by 50%, Kokonas just raised $10 million in venture funding for Tock. His six-year-old company in Chicago is helping high-end eateries transition to takeout.
Kokonas told CNBC that Tock, which has about 100 employees, processed $350 million in transactions last year by selling prepaid reservations to customers for …continued .
[Source: CNBC News]