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Quandoo gets $25M to extend restaurant reservation platform to new markets
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If you want to select a restaurant, make a reservation, and pay your bill all within the same service, Quandoo offers a solution. And the company just closed a round of growth financing amounting to $25 million that will allow it to expand across Europe and establish a presence in the Asia-Pacific and additional Latin markets.
The Series C financing round was led by Piton Capital. Previous investors also participated: The Sixt family (which led the seed round) Holtzbrinck Ventures and DN Capital (which led the A and B rounds), and Texas Atlantic Capital, all contributed to this growth round.
“We have long looked at the restaurant space as a very large opportunity,” said Andrin Bachmann of Piton Capital in a statement. “Quandoo has an excellent product and a proven blueprint to rapidly roll out the model internationally.” Bachmann will also join the board at Quandoo.
Quandoo currently partners with over 3,000 restaurants in eight different countries in Europe and 10,000 restaurants worldwide. It has helped 1.5 million people make reservations so far. The service is accessible via the company’s website or through its iOS app. It’s designed to seamlessly integrate technology into the dining experience. From picking a place to eat based on suggestions that keep your preferences in mind to making a reservation to paying for the meal, Quandoo acts as a complete dining tool.
The company was founded in 2012 in Berlin by Philipp Magin, Ronny Lange, Tim-Hendrik Meyer, Sebastian Moser, and Daniel P. Glasner. It has about 180 employees.
Quandoo does not have a U.S. presence at this time, though its service idea isn’t foreign on our soil, where OpenTable currently dominates.
DN Capital is a growth capital and early stage investor focused on software and digital media markets with offices in London and Palo Alto. DN Capital's objective is to identify, invest in and actively support companies with the pot... read more »
HV Holtzbrinck Ventures was founded as a corporate vc in 2000 and became a fully independent vc investor in 2010 by setting up its fourth fund. HV Holtzbrinck Ventures has invested in more than 90 companies and focuses on early stage i... read more »