Seaya Ventures completes its second exit since it started operations in 2013
Madrid, 22 DECEMBER 2016: Seaya Ventures announced the sale of 100% of portfolio company Restaurantes.comto Michelin Group, leading European provider of technology services to restaurants through its different brands: Michelin, Bookatable, etc… Restaurantes.com, founded by Antonio Fernandez Ruiz and Jesus Alonso Gallo, is financially backed by Seaya Ventures.
This acquisition positions Michelin as the very clear market leader in Spain and Mexico, adding more than 5,000 restaurants and over 1 million users. Well-known restaurant chains (such as Kabuki or Grupo Larrumba) join Michelin with this transaction.
Both founders, Antonio Fernandez Ruiz and Jesus Alonso Gallo, will remain in the group helping Michelin achieving its goal of providing to all of their customers a unique mobility experience.
“We have been extremely happy with Seaya from day one” said Antonio Fernandez, “They are very active and hands-on; a VC that truly adds value to the company”
Restaurantes.com is a free online booking platform that offers the best discounts. They help clients to find and enjoy the gastronomic experiences at a very affordable price. They maintain daily contact with restaurant owners, their chefs, and their customers, so are able to develop our online offer of restaurants and discounts so you can always find what you are looking for, be it your usual table or a new unforgettable gastronomic experience.
Michelin, the leading tire company, is dedicated to enhancing its clients’ mobility, sustainably; designing and distributing the most suitable tires, services and solutions for its clients’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve the mobility industry. Headquartered in Clermont-Ferrand, France, Michelin is present in 170 countries, has 111,700 employees and operates 68 production facilities in 17 countries, which together produced 184 million tires in 2015. (www.michelin.com).
About Seaya Ventures
Seaya Ventures is a Spanish venture fund investing in early and growth stage Internet and technology-enabled companies in Spain and Latin America. Seaya Ventures seeks to transform early and growth stage companies into category leaders, with a focus on innovative businesses that require growth or expansion capital and can build a lasting value. Seaya Ventures has invested in 13 companies.