Kviar Groupe
Eservations platform with concierge services that works with more than 300 exclusive restaurants in Spain.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2016 | 2018 | 2019 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | - | (60 %) |
| EBITDA | 0000 | 0000 | 0000 |
| % EBITDA margin | 5 % | (40 %) | (150 %) |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Kviar Groupe, operating as ClubKviar, established itself as a members-only gastronomic club focused on the high-end dining sector in Spain. Founded in January 2012 by Christopher Fuchs, Stewart Masters, and Gonzalo Cebrián, the company curated a hand-picked selection of top-tier restaurants, offering its members a seamless online reservation service, exclusive benefits, and a personal concierge to manage bookings. The platform functioned as a bridge between discerning diners and premier restaurants, aiming to fill excess capacity for its partners with a targeted clientele.
The business model was centered around membership and reservation fees. For restaurants, ClubKviar generated revenue on a fee-per-cover basis, having facilitated over €50 million for its partners since its inception. For users, access was primarily by invitation, but non-invited individuals could purchase a membership. The service was available via iOS and Android applications as well as a web platform, emphasizing a complete and stylish dining experience. Before its acquisition, the company had expanded its operations to have offices in Barcelona, Madrid, and Paris, working with approximately 300 restaurant partners and attracting over 100,000 active users.
In April 2018, Kviar Groupe was acquired by Resy, a prominent New York-based hospitality technology company. The acquisition was a strategic move for Resy to expedite its growth and expand its footprint in the European market, particularly in Spain. The plan involved leveraging ClubKviar's established relationships and brand value, with the longer-term strategy being the transition of ClubKviar's partner restaurants to Resy's own restaurant management software, ResyOS. Following the acquisition, the ClubKviar brand was set to be rebranded as Resy Spain.
Keywords: restaurant reservation, fine dining, concierge service, gastronomic club, members-only club, hospitality technology, restaurant booking, high-end dining, exclusive restaurants, online booking platform, personal concierge, Resy, fee-per-cover model, restaurant partnerships, dining experiences, Spanish restaurants, culinary service