Restaurant reservation and management platform Resy, which calls itself the largest private reservation service in the US, is being acquired by American Express. Terms of the transaction were not disclosed. “American Express is a brand that we have admired and sought to partner with from our inception. There are myriad points of synergy between Resy and American Express that we look forward to pursuing together in the name of creating an end-to-end global dining platform that thrills both diners and restaurants alike. As it does today, Resy will continue to focus on delivering world-class hospitality software to our amazing restaurant partners, connecting diners to insider experiences, and reimagining the future of dining,” remarked Ben Leventhal, Resy cofounder and CEO.
American Express is a brand that we have admired and sought to partner with from our inception. There are myriad points of synergy between Resy and American Express that we look forward to pursuing together in the name of creating an end-to-end global dining platform that thrills both diners and restaurants alike. As it does today, Resy will continue to focus on delivering world-class hospitality software to our amazing restaurant partners, connecting diners to insider experiences, and reimagining the future of dining – Ben Leventhal
Founded by Leventhal, Gary Vaynerchuk, and Michael Montero in 2014, Resy had raised a total of $45M in reported equity funding. Investors in the company include Lerer Hippeau, Slow Ventures, Vayner/RSE, A-Grade Investments, RSE Ventures, First Data Corporation, Airbnb, Ken Austin, and Panarea Capital. Resy, itself, had acquired three companies in the dining space that include restaurant booking platform Reserve and restaurant survey startup Servy. Resy will continue to operate under its own brand led by Leventhal and Montero and American Express will retain all Resy employees under the acquisition. The transaction is expected to close this summer.
“Resy was created to both connect people who love dining out with new, notable and hard to get into restaurants across the globe, as well as help restaurants’ businesses grow and thrive. Similarly, American Express has strong relationships with premium dining partners and restaurants across the globe, and provides our Card Members with access to incredible dining experiences through our exclusive benefits and programs,” said Chris Cracchiolo, Senior Vice President, Global Loyalty, and Benefits at American Express.
Resy was created to both connect people who love dining out with new, notable and hard to get into restaurants across the globe, as well as help restaurants’ businesses grow and thrive. Similarly, American Express has strong relationships with premium dining partners and restaurants across the globe, and provides our Card Members with access to incredible dining experiences through our exclusive benefits and programs – Chris Cracchiolo
