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Stock impact report

Beating Third-Party Fees: Curate's $10M Funding for Commission-Free Restaurant Delivery [Los Angeles Times (CA)]

ZoomInfo Technologies Inc. (GTM) 
million in a new round of funding led by Kirk Brown , co-founder of ZoomInfo. Additional investors include K5 Global, a venture capital firm co-founded by Michael Kives and Bryan Baum, and individual investors including NFL wide receiver Amon-Ra St. Brown and Carl Cheng, founder of Pieology. The new capital will be used to fund the curation and upscaling of the no-download Apple App Clips , a website customers can access and order from instantly using any link, QR code or tap. “Restaurants do not have an ordering problem; they have an adoption problem,” said Grant Russell , chief executive and co-founder of Curate, in a statement. “App Clips remove the restaurant industry's biggest point of friction and help restaurants convert significantly more guests into loyalty members. Our AI marketing then works to turn these loyalty members into regulars, driving repeat business.” According to Curate's analysis, less than 5% of all restaurant delivery orders are commission-free and guests Show less Read more
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