Dash, a New York City-based mobile payment platform for restaurants, bars and clubs, closed a $1.2m funding round.
Backers included existing backers New York Angels, Caerus Ventures, Jonathan Segal, Founder and CEO of The ONE Group, and new investor Mike Germano, CEO of Carrot Creative.
The company, which has now raised $1.9m to date, intends to use the funds to expand its partner network in New York with the hope to launch in several new cities before the end of the year.
Founded in 2011 by Jeff McGregor and Gennady Spirin, Dash is a mobile payment platform for restaurants, bars, and clubs, that allows patrons to check-in, view, split, and pay their tab from their smartphone.
Participating restaurants in Manhattan include: Agave, Los Feliz, Edward’s, Tammany Hall, Opal, Village Lantern, The Royal, Dukes (USQ), Dukes (3rd Ave), Big Daddys (USQ), Big Daddys (2nd Ave), Big Daddys (Broadway), City Crab (USQ), Barn Joo, Clinton St Baking Co, Barramundi, etc.
In conjunction with the new raise, the company released a iOS 7 update for the app.