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Resy

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Resy Network, Inc.
Company typePrivate
Founded2014
Founders
HeadquartersNew York, New York
Area served
International
ProductsRestaurant reservation app
OwnerAmerican Express
Websiteresy.com

Resy is an American online restaurant-reservation service company founded in 2014 by Gary Vaynerchuk, Ben Leventhal, and Michael Montero.[1][2] As of 2023, approximately 16,000 restaurants[3] globally can be booked through Resy.[4] Resy was acquired by American Express in 2019.[5]

History

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Resy was founded in 2014 by Ben Leventhal, co-founder of Eater.com, Michael Montero, co-founder of CrowdTwist, and entrepreneur Gary Vaynerchuk.[6] In January 2017 the company raised $13 million from Airbnb, First Data Corporation and earlier investors RSE Ventures and Lerer Hippeau Ventures.[7] In April 2018, Resy enabled participating restaurants to list their properties on Airbnb through Resy's booking system and also acquired ClubKviar, a restaurant-booking platform in Spain.[8] In 2018, Resy acquired a competitor, Reserve, a reservation app launched by Garrett Camp's incubator, Expa.[9]

In 2019, American Express acquired Resy and integrated it into its mobile app as an offering for some rewards card members.[10]

In January 2024, it was announced that the platform would shut down its UK operations by the end of August 2024.[11]

See also

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References

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  1. ^ "How Resy is using editorial content to differentiate". Digiday. 20 November 2019. Retrieved 24 December 2019.
  2. ^ Rao, Tejal (2 November 2018). "Resy Acquires Reserve, in the Fierce Tussle Over Restaurant Reservations". The New York Times. Retrieved 24 December 2019.
  3. ^ Fortney, Luke (2023-02-01). "How Resy Won the Reservation Wars in New York City". Eater NY. Retrieved 2023-11-17.
  4. ^ "American Express's Resy Focuses On Customer Experience In First Global Campaign". www.mediapost.com. Retrieved 2023-11-17.
  5. ^ Merced, Michael J. de la (2019-05-15). "American Express to Buy Resy, a Restaurant Booking Service". The New York Times. ISSN 0362-4331. Retrieved 2023-11-17.
  6. ^ Dixler Canavan, Hillary (28 May 2014). "Resy's Ben Leventhal and Gary Vaynerchuk on Their New Reservations App". Eater.com. Retrieved 24 December 2019.
  7. ^ Sawers, Paul (9 January 2017). "Airbnb leads $13 million investment into restaurant booking service Resy". VentureBeat. Retrieved 24 December 2019.
  8. ^ Adams, Erika (17 April 2018). "Resy Announces International Expansion and New Tech Updates for Restaurants". Skift. Retrieved 24 December 2019.
  9. ^ Filloon, Whitney (5 November 2018). "Resy Acquires Reserve, the Other Non-OpenTable Restaurant Reservation System". Eater.com. Retrieved 24 December 2019.
  10. ^ Maidenberg, Micah (15 May 2019). "American Express Buys Restaurant-Reservation Platform Resy". The Wall Street Journal. Retrieved 24 December 2019.
  11. ^ Witts, Sophie (2024-01-22). "Resy to shut down UK operations by September". The Caterer. Retrieved 2024-01-30.
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