Blackbird, a **crypto restaurant app**, has successfully finalized a **$50 million Series B funding round**, as reported on April 8. The financing was spearheaded by **Spark Capital**, with notable participation from investors such as **Coinbase**, **a16z crypto**, **Union Square Ventures**, and **Amex Ventures**. This round comprises both equity stakes and **token warrants**, linked to a future cryptocurrency issuance. Co-founder Levinthal indicated the funding was secured in the fourth quarter of **2024**, although he withheld information regarding the round’s implied valuation. To date, Blackbird Labs has accumulated a total of **$85 million** in capital since its inception in 2022.
Blackbird facilitates a **loyalty and payment system** exclusively for restaurants. Customers earn an internal cryptocurrency, **FLY**, each time they dine at partnered restaurants. This digital asset can be utilized to settle bills at any establishment within the Blackbird ecosystem, which currently encompasses over **600 venues** in key locations, including **New York City**, **San Francisco**, and **Charleston, South Carolina**. Levinthal emphasized that the company aims to expand its footprint into major **U.S. urban centers**.