On April 8, Blackbird, a crypto dining application, announced the completion of a $50 million Series B funding round, led by Spark Capital, with participation from Coinbase, a16z crypto, Union Square Ventures, and Amex Ventures.

This funding includes company equity and token warrants, which represent the allocation of yet-to-be-issued cryptocurrency. Blackbird founder Leventhal stated that this funding was raised in the fourth quarter of 2024, but he declined to disclose the implied valuation. Since 2022, Blackbird Labs has raised a total of $85 million.

Blackbird is a loyalty and payment application for restaurants. Each time users visit a restaurant registered on the app, they receive an internal cryptocurrency called FLY as a reward. Users can use this cryptocurrency to pay for meals anywhere within the Blackbird network, which covers over 600 restaurants in New York City, San Francisco, and Charleston, South Carolina. Leventhal stated: "We want to enter major cities in the United States."