Restaurant review portal SynchroLife brings its total Series A funding tally to $3.7 million.
Japanese-based restaurant discovery portal SynchroLife today announced that it had secured an additional $2.6 million in Series A Funding:
The social media restaurant review platform uses AI to personalize recommendations:
food lovers around the world can uncover the best restaurants normally hidden by web search results and advertising.
To encourage reviews, the company also rewards diners in either cryptocurrency or cashback from its participating restaurants. The company claims it already has over 210,000 reviews of more than 100,000 restaurants.
Crypto rewards come in the form of the company’s native token, the SynchroCoin. The latest investment round led by MTG Ventures Inc. brings the total funding for SynchroLife parent company GINKAN INC to $3.7 million.
GINKAN Founder and CEO Tomochika Kamiya believes the project is well suited in the current pandemic climate:
We launched features for restaurants to attract customers both now and post-Covid-19 after seeing how dramatically the restaurant industry has been affected by Covid-19.