WHAT: Restaurants create and send deals to nearby mobile customers. Customers redeem deals using the MealTicket app (available on iPhone and Android devices), which notifies the customer’s friends on Facebook, Twitter, Foursquare and LinkedIn. Restaurants can track how their coupons perform and create rewards programs.
LAUNCHERS: Dan Henderson, sales. Brian Konrath, engineering. Steve Baggerely, operations.
INSPIRATION: "Collectively we have over 14 years' experience in the food service industry and we knew that there was a huge missing link that could be solved with technology,” Dan says. “We assembled the correct team and spent countless hours discussing how all the players in the food service distribution channel could play in the same sand box.”
BUSINESS MODEL: Restaurants pay a sign-up fee. Mobile app is free for consumers.
CUSTOMERS: Baja Fresh, The Old Spaghetti Factory, Chandlers.
INVESTORS: Beyond TechStars not disclosing.
RAISING: Not disclosing.