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Payment App Cover Raises $5.5 Million in Funding

Photos: Cover/iTunes Store

Restaurant payment app Cover has just raised $5.5 million in a new round of funding, according to the company's blog. The free app, which launched last year, allows diners to pay for a meal without even looking at the check. Users simply check-in at the restaurant, order as usual, and then Cover pays the bill with a user's registered credit card. Cover can even splits the bill evenly amongst members of your party.

Forbes reports that the company plans on using the recent investment to launch a new marketing campaign and redesign the app. According to TechCrunch, Cover will also use the money to double their staff (from seven full-time employees to 15) and to "work on restaurant and user acquisition." TechCrunch notes that the app previously raised $1.5 million in seed funding and can count Eater and Resy co-founder Ben Leventhal amongst its investors. Cover's blog reveals that the app is currently partnered with over 100 restaurants including Alder and Bar Primi in New York City and Coi and Wayfare Tavern in San Francisco.

· Our Series A [Cover]
· Cover Raises $5.5 Million [TechCrunch]
· Cover, Raises $5.5 Million In Series A [Forbes]
· All App Coverage on Eater [-E-]

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