Ambl secures £1m in pre-seed funding from angel investors to support its market launch.
The hospitality tech start-up has raised its fourth pre-seed round from industry leaders to fund its commercial rollout.
Ambl operates a hospitality technology platform that connects diners with real-time venue availability. The application allows users to secure last-minute reservations within a thirty-minute window.
Ambl has successfully closed a one million pound funding raise to support its market launch and marketing activities. The capital injection comes from industry figures including Paul McKenna, Jon Spiteri and Mark Gordon. This transaction marks the fourth pre-seed financing for the London-based hospitality technology start-up, bringing its total capital raised to date to two point three million pounds.
The freshly secured funds will be deployed towards the company's official platform launch, promotional campaigns, and reward schemes for venue partners. The app rolls out initially across one hundred venues in the Square Mile before wider expansion across London and the United Kingdom.
From the founder
"Ambl’s USP is in its ability to connect spontaneous moments of dining and drinking out with brilliant venues who have real-time availability. In just one click, venues can turn-off or turn-on the platform to show seats are currently available: combatting last minute cancellations, detrimental no shows or unexpected lulls in bookings. The best bit, turning on the autoresponder does all the hard work for the venue – adding bookings to calendars and responding promptly to customers."
Aaron Solomon
CEO and Co-Founder at Ambl
Investor perspective
"As the sector moves into an incredibly busy, and financially important, final quarter of the year, any tool we can use to help time-poor venues is essential. That’s where I see the value of Ambl – as a way to tackle two birds with one stone: the first being empty tables that plague almost all venues for a host of reasons; and two, the customer needing a trusted table in a moments’ notice. It’s exciting to be a part of Ambl’s journey and I think, particularly as we move into a challenging 2023, it can be part of the tech remedy the sector needs to help bolster growth."
Jon Spiteri
Investor, Jon Spiteri
Use of funds
- 01Accelerate go-to-market
- 02Invest in sales and marketing
Investors
Categories
About the company
Ambl
A hospitality technology platform connecting diners with real-time venue availability.