Blanket, Inc.

Blanket, Inc. offers a digital operations platform tailored for multi-unit operators, focusing on enhancing compliance and operational efficiency across various industries, particularly in food service and retail. Founded in 2018 by Michael Jacober, Blanket, Inc. is headquartered in Brooklyn, US.

The company specializes in providing digital solutions for compliance and project management, targeting businesses that operate multiple locations. It has completed 4 deals, with the most recent funding round occurring on March 30, 2022, during which the company raised USD 2. 4 mn in a Seed round, totaling USD 2. 4 mn raised to date, and is currently valued at USD 11.

388 mn. Blanket App offers a comprehensive digital operations software platform designed specifically for multi-unit operators across various industries. The platform facilitates compliance with operating procedures and food safety protocols, providing automation tools that reduce the time required for routine tasks. It features digital document storage, real-time communication capabilities, customizable employee recognition systems, and performance reporting tools.

This platform is particularly beneficial in the food service and retail sectors, where adherence to safety standards and operational efficiency are critical, and is marketed primarily in North America and Europe. The revenue model of Blanket App is structured around subscription-based services, where clients pay for access to the software on a recurring basis. This model allows businesses in the food service and retail industries to scale their services according to operational needs. Specific pricing plans are tailored to each business, ensuring they receive services that align with their goals, particularly in food safety task automation and performance tracking.

Following the recent funding round in March 2022, Blanket, Inc. plans to utilize the raised USD 2. 4 mn to enhance its product offerings and expand into new markets, focusing particularly on North America and Europe. The company is working on launching new features designed to improve user experience and operational oversight, with anticipated release dates in late 2023.

This strategic focus aims to solidify their presence in the multi-unit operator market while improving compliance-related functionalities.