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Yeatapp 1A
Book last minute availability at the best restaurants
Key Investment Information Sheet
Terms & Conditions
€94,500
total amount raised in round
5 days
remaining
- Backed by over 50 investors
- Eligible for a tax reduction
DISCLAIMER
Every investment decision must be based on an examination of an exhaustive set of information provided by the entrepreneur on their online profile. Spreds only proceeds to a limited verification of this information and does not control the investment opportunity within this company. Spreds did not verify the extent to which the business plan is deemed realistic and does not intervene in determining the final terms of the investment, including the retained maximum valuation. Spreds will align itself with the financial terms negotiated with the co-investor(s).
'YES EAT - YEAT'
Yeat is a mobile app that notifies you instantly via notification when a last-minute table becomes available in the better restaurants. You can book this table directly in the app.
‘Yeat is a super system for last-minute tables, when people cancel, both in big and small business. Thanks to Yeat, we can move quickly and place tables on this after a cancellation and so those tables are filled up again quickly.’ - Peter Goossens, Belgian chef
EXPERIENCE
Foodie
It's a Friday or Saturday evening and you decide together to go out for something to eat with your partner. You call all the places you know but get the same answer ‘sorry, we are completely full’ every time.
You end up with a pack of chips or a pizza at home instead of a cosy night out at a restaurant.
Restaurant owner
The restaurants you think of calling are the ones where it is always difficult to get a table, there is an elle long waiting list and you have to book months in advance every time. Yet, the restaurant owner may get a phone at 5pm with the message: ‘Sorry, we have to cancel our reservation’.
As a restaurant owner, you can do 3 things:
- Call everyone on the waiting list -> very time-consuming and often no positive answer because 98% have already provided another option.
- Post another post or story via Social Media -> here the algorithms play to the restaurant owner's and foodie's disadvantage and the post is not shown anyway.
- Post the table on Yeat and instantly notify thousands of foodies that you still have a chance to have a cosy dinner here!
WIN - WIN
Yeat brings together 2 communities that until now were actually not connected or could not easily find each other. We create a win-win situation for the restaurant owner who is left with an empty table when a cancellation or no-show has occurred and the foodie who is looking for an available table last-minute.
The restaurant owner smoothly places his vacant table online on Yeat in 2 clicks where instantly ALL foodies who have favoured the restaurant get a notification on their phone.
From Yeat, the foodie can then immediately book the table. After which the restaurant owner gets instant notification in his own reservation system that the table is booked, including the details of the person who booked.
Of course, in addition to the notification the foodie receives when a last-minute table becomes available, the foodie can also quickly find an overview in the list of last-minute available tables and book the last-minute directly here, without having to contact each restaurant individually.
So with Yeat, we are bringing a fantastic win-win to these 2 communities and can provide a solution to an increasingly common problem moment: last-minute availability of coveted tables.
‘That feeling of being able to enjoy last-minute culinary delights on Saturday night is wonderful!’ - A.V. , a happy Yeat foodie
SOME NUMBERS
💥 520: Number of restaurants you can find in the app today
💥 5: Number of countries where you can use us. Belgium, Netherlands, Luxembourg, France (Paris), UK (London)
💥 1,500: Number of tables booked in the last 30 days
💥 4,500: Foodies made happy with a last-minute table
💥 3": Fastest booking recorded in YEATapp
💥 107,211: Foodies using Yeat
YEAT
The idea of YEAT was created to help and bring together both audiences.
-> by restaurateurs for restaurateurs
-> by foodies for foodies
-> we know restaurant owners have a lot of fixed costs, so Yeat wanted to be a solution that helps them make money and not an extra cost. The restaurant owner pays a small monthly fee and marginal success fee when a table is booked. They can also appeal to the No Cure No Pay formula. If the restaurant owner places at least 1 table online every week and no booking would follow, the restaurant owner will not receive an invoice.
-> For foodies, we have created an app that is clear and offers a nice overview. The foodies use the app completely free of charge.
After the enthusiasm in Flanders from both target groups, we are very keen to help restaurant owners and foodies in other countries and cities to bring them together as well.
Scaling up is our number one priority.
2026
Be fully up and running in:
France
UK
Switzerland
First operations in:
Germany
Denmark
Nordic countries
Italy
Portugal
To make all this happen, we need additional Local Heroes. The Local Hero is a person with a heart for the hospitality industry, who knows local experiences and sensibilities.
The goal, YEAT is a verb
‘We are going to YEAT’
TAX SHELTER 45%
Investments in this company benefit from a 45% personal income tax reduction. Read more…A remaining amount of €166,500 is available for the Tax Shelter benefit.
Fact sheet
Advised by a professional start-up advisor | |
Valuation is set by the co-investor or incubator | |
Co-investor or incubator will be members or observers to the board | |
At the closing, an incubator, accelerator, or studio will have shares | |
At the closing, the entrepreneurs have contributed a minimum of €15,000 in cash in exchange for shares | |
At the closing, a professional co-investor will have invested at least €25,000 | |
Prior fundraising in equity or convertible loan with 10 or more investors | |
Seasoned entrepreneurs | |
Minimum 2 active entrepreneurs | |
Valuation set by an organisation specialized in valuations of comparable size | |
Valuation is less than €1 million or 10x last year’s turnover |
Raise summary
Crowd investments | €94,500 |
Committed by others | €0 |
Amount raised | €94,500 |
Minimum round | €50,000 |
Maximum round | €500,000 |
Shares in the company (total round) | 10% |
Pre-money valuation | €4,500,000 |
Post-money valuation min. | €4,550,000 |
Post-money valuation max. | €5,000,000 |