Blackbird Labs, a crypto company serving the hospitality industry, secured $50 million in Series B funding, according to reporting by Fortune. The round, led by Spark Capital, brings the company’s total funding to $85 million since its inception in 2022.
Blackbird equips restaurants with a loyalty and payments app based on its original cryptocurrency $FLY. When users visit a restaurant in Blackbird’s network, they receive $FLY, which they can use to pay for their meals. More than 600 restaurants across New York City, San Francisco and Charleston, South Carolina, are registered within Blackbird’s app.
The new capital will enable the company to expand its product offerings, the Fortune article noted. That includes its recently launched loyalty program, which allows frequent Blackbird users to access perks like guaranteed reservations, off-the-menu entrées or invites to exclusive events.
