Dash

paymentsmobile/digital wallet

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 23/02/2021

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About

Dash is transforming the process of payment transactions between restaurants, bars and their patrons. Dash utilizes a proprietary API to connect patron mobile devices with legacy restaurant and bar point of sale systems. The application allows diners to view, split and pay their check without handing over physical payment sources or waiting for their server to present a bill. Merchants benefit from increased efficiency, social media exposure, patron loyalty, and a CRM for customer profiles, allowing managers to make actionable decisions that impact their bottom line. Merchants are outfitted with Dashs proprietary BLE (bluetooth low energy) enabled DASHboard, which allows staff to view patron profiles in real time to help better tailor their service to individual customers. In addition, the DASHboard allows merchants to drive consumer participation through hyper local loyalty deals and push messages using the BLE technology. Dash, based in New York City, was founded in 2011 by college roommates Jeff McGregor and Gennady Spirin. The two were out to breakfast one morning and were frustrated that they could not get the attention of the wait staff to pay their check. Shortly after, they joined Prolific Interactives accelerator program to co-develop the first version of the product. The team ran a private beta in NYC with a handful of merchants to further develop the technology and product while raising their seed capital. Backed by some of the most prominent restauranteurs in the city, Dash is expanding the product rapidly and aim to be the preferred method of payment for both patrons and merchants.

MEDICI Analysis

Reserve, the restaurant reservations and payment app has acquired Dash .Dash is a mobile payment platform that allows patrons to view, split, and pay their tab from their smartphone.

Focus

PRODUCTS & SERVICES

Dash Pay App

Traction

VALUATION / MARKET CAP:

$8 M in 2015

COMPANY TYPE:

For Profit

People

FOUNDERS

Gennady Spirin

Brian Langel

Jamyn Edis

BOARD MEMBERS AND ADVISORS

James C. Holmes III

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Brooklyn Incubator

Caerus Ventures

Crowdcube

Great Oaks Venture Capital

Jonathan Segal

Mike Germano

New York Angels

Right Side Capital Management

SeedInvest

Slow Ventures

Space Pirates

Techstars

KEY EMPLOYEES:

James C. Holmes III (Board Member)

Jeffrey McGregor

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

6

TOTAL FUNDING

$7.8 M

DATE OF LAST FUNDING

Aug 2018

IPO STATUS

Private

ESTIMETED REVENUE RANGE

Less than $1M

SEED & PRIOR FUNDING

$1.2 M

SEED CLOSED ON

Feb 2014

FUNDING SERIES

SERIES A  · $750 K  · Aug 2018

OTHERS  · $5 M · Mar 2015

CONVERTIBLE DEBT

$100 K

CROWDFUNDING

$747.29 K

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

Prepaid Technologies

ANNOUNCED DATE

Mar 2019

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,795

AVERAGE VISITS (6 MONTHS)

1,981.46

MONTHLY VISITS GROWTH

67.36%

VISIT DURATION

271

VISIT DURATION GROWTH

904.28%

PAGE VIEWS VISIT

3.46

PAGE VIEWS VISIT GROWTH

44.54%

BOUNCE RATE

18.81%

BOUNCE RATE GROWTH

0.57%

GLOBAL TRAFFIC RANK

3,726,343

MONTHLY RANK CHANGE

-4,472,229

MONTHLY RANK GROWTH

-54.55%

Innovation Programs

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