Ben Leventhal's Blackbird Labs has raised $50 million in a Series B funding round led by Spark Capital. The funding will support the development of their crypto dining app, which allows users to earn and spend cryptocurrency at restaurants.

On Tuesday, Blackbird Labs announced a $50 million Series B funding round, led by Silicon Valley investor Spark Capital. Other participants included Coinbase, a16z crypto, Union Square Ventures, and Amex Ventures. This new funding adds to the $85 million raised since 2022, enabling Blackbird to expand its blockchain-based loyalty and payments app for restaurants. Blackbird's app allows users to earn rewards in the form of an in-house cryptocurrency called $FLY.