O’Reilly Alphatech (OATV), the investment vehicle of media company O’Reilly Media, has exited US-based restaurant payments app Cover following an acquisition by hospitality service provider Velocity Mobile.
The terms of the acquisition have not been revealed. It follows Velocity’s $16m series A round, announced at the same time.
Cover has created a smartphone app for users to pay their bills in restaurants. The company has partnered with more than 350 food outlets in New York, San Francisco and Los Angeles.
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