Recently acquired by a Fortune 100 Company, Preo enables users to order and pay for food and drinks from their smartphones.
Business Model: SAAS
Revenue: $229.4k
Employees: 2-10
Address: 115 W 18th St
City: New York
State: NY
Zip: 10011
Country: US
Preo is a free ordering app that increases efficiency within the hospitality industry to create a world with no lines for customers. Their differentiation is in their automatic notification system that fits directly into the server&s;s workflow. Servers view receipts to make orders and serve customers at the bar or to tables. Consumers don&s;t need to fight for the wait staff’s attention, and staff will save on payment processing time (~50% of each drink order). Preo helps venues improve their service operations, identify their best customers and offer promotions to those customers for social media engagement. Beverage brands also offer free drinks through the app in exchange for social media shares &a; engagements.
Contact Phone:
+13474650282
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 5/2013 | Seed Round | 2 | $20k |
Dorm Room Fund First Round Capital Dorm Room Fund First Round Capital |
6/2013 | Seed Round | 3 | $50k |
Columbia Business School Eugene M. Lang Entrepreneurial Initiative Fund, The Eugene Lang Entrepreneurship Center, CBS VTF Capital Columbia Business School Eugene M. Lang Entrepreneurial Initiative Fund, The Eugene Lang Entrepreneurship Center, CBS VTF Capital |
8/2014 | Convertible Note | $600k |
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