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 <p class="is-style-lead">Blackbird, a loyalty and membership platform built for restaurants, announced the close of a Series A financing round led by Andreessen Horowitz’s crypto arm, a16z, according to a thread posted on X.</p>
 <p>The funding <a rel="noopener noreferrer nofollow" title="round" href="https://thebittimes.com/tag/round.html">round</a> included participation from new investors Amex Ventures and QED Investors.</p>
 <h2 class="wp-block-heading" id="a-number-of-investors-now-involved">A number of investors now involved</h2>
 <p>New investors involved in this investment <a rel="noopener noreferrer nofollow" title="round" href="https://thebittimes.com/tag/round.html">round</a> join existing firms including Union Square Ventures, a venture capital firm based in New York City, Shine Capital, venture capital firm that partners with entrepreneurs, Variant, early-stage crypto venture capital firm and other seed investors.</p>
 <p>Additionally, investors from the restaurant industry helped raise funds for Blackbird, including Quality Branded, Rustic Canyon Family, Souvla, a group of fast-fine modern Greek restaurants, and Brooks Reitz, the Founder of Jack Rudy Cocktail Co.</p>
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    <p lang="en" dir="ltr">Today we are excited to <a rel="noopener noreferrer nofollow" title="announce" href="https://thebittimes.com/tag/announce.html">announce</a> the <a rel="noopener noreferrer nofollow" title="close" href="https://thebittimes.com/tag/close.html">close</a> of a $24M Series A <a rel="noopener noreferrer nofollow" title="financing" href="https://thebittimes.com/tag/financing.html">financing</a> <a rel="noopener noreferrer nofollow" title="round" href="https://thebittimes.com/tag/round.html">round</a>, led by @a16zcrypto, with participation from new investors Amex Ventures and @QEDInvestors. We are incredibly proud to count them as partners on our journey to build the future of restaurant tech.(1/4)</p>— Blackbird (@blackbird_xyz) October 4, 2023
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 <p>Together, this funding round becomes a part of Blackbird’s overarching mission to give restaurants loyalty and connectivity tools. Blackbird has since garnered attention from 80 leading restaurants, with 22 already gone live.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> a16z welcomes applications for London-based Crypto Startup School
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 <h2 class="wp-block-heading" id="battling-the-market-downturn">Battling the market downturn&nbsp;</h2>
 <p>Despite the crypto market continuing to spiral in a downturn, a16z has participated in several funding <a rel="noopener noreferrer nofollow" title="round" href="https://thebittimes.com/tag/round.html">round</a>s.&nbsp;</p>
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 <p>Among them were the startup Bastion, which concluded a funding round for&nbsp;$25 million&nbsp;on Sept. 19 and a&nbsp;$43 million funding&nbsp;round for Gensyn AI on June 12.&nbsp;&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> a16z leads $25m round for Bastion to bridge corporates to web3
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackbird-announces-the-close-of-a-24m-series-a-financing-round-tbt65145.html">https://thebittimes.com/blackbird-announces-the-close-of-a-24m-series-a-financing-round-tbt65145.html</a></p>

Blackbird announces the close of a $24M Series A financing round

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