Blackbird Labs Innovates Restaurant Industry with Blockchain-Backed Loyalty Platform
Blackbird Labs, a nascent technology startup founded by Ben Leventhal, known for his earlier contributions to Eater and Resy, is set to usher in a groundbreaking transformation within the restaurant business arena through its pioneering blockchain-backed loyalty platform. In recent developments, the company successfully secured $24 million in series A funding, spearheaded by a16z, with noteworthy participation from Amex Ventures and Bolt QED.
This innovative platform, meticulously designed by Blackbird Labs, is empowering customers to register for free within participating restaurants, initiating an exciting journey of accumulating redeemable points tailored for restaurant-specific benefits. Moreover, customers can also accrue $FLY, the digital token proprietary to Blackbird, which acts as the key to unlocking an array of distinctive rewards, encompassing exclusive events, off-menu delicacies, coveted friends and family discounts, and the convenience of priority access, all within the culinary realm.
A $24 Million Series A Funding Fuels Blackbird Labs’ Ambitious Expansion
While Blackbird Labs conscientiously caters to the interests of its customers, the true focal point of the enterprise revolves around restaurant operators. Customers revel in the freedom of utilizing the platform free of charge, yet operators are subject to a software fee commensurate with their utilization patterns. The pricing structure, noted for its flexibility, adapts based on the frequency and depth of the operators’ engagement with the platform. The software furnishes operators with invaluable insights regarding their clientele’s habits, including visitation frequency, culinary preferences, and seating inclinations. These insights enable operators to create a digital repository housing data about their most steadfast patrons, subsequently facilitating a personalized dining experience for these loyal clientele.
An impressive milestone already achieved by Blackbird Labs is the integration of 80 restaurants into its ecosystem, 22 of which are currently operational on the platform. This roster includes both independent casual and fine-dining establishments scattered across the bustling metropolis of New York City, extending to gastronomic havens in Los Angeles and Charleston, among others.
Pioneering a Paradigm Shift in Customer-Operator Relations
The allure of Blackbird’s unique offering extends to an array of exclusive perks. First-time check-ins at select restaurants entitle patrons to complimentary fountain sodas, while every fifth check-in is commemorated with complimentary ice cream toppings. Furthermore, patrons enjoy the added delight of complimentary drinks and appetizers when patronizing other participating establishments.
Buoyed by the infusion of $24 million in recent funding, Blackbird Labs is primed for a strategic escalation of its operations, with an ambitious vision to onboard additional restaurants across the United States. The company’s long-term aspirations extend to a global footprint, but it is currently dedicated to cultivating a strong presence in major metropolitan markets, notably New York, Los Angeles, San Francisco, and Chicago.
The overarching ambition of Blackbird Labs is to bolster the symbiotic relationship between restaurants and their valued clientele through the transformative medium of innovative software. By harnessing the potential of blockchain technology and pioneering digital loyalty programs, the company is steering the restaurant industry towards a healthier and more sustainable future, one where restaurants possess the means to identify and foster their most cherished patrons. This enterprise is poised to usher in an era where loyalty, innovation, and excellence converge in the culinary world, transforming the dining experience for both operators and patrons alike.