Quandoo closes $25m growth financing round to expand globally

quandoo-logoReal-time restaurant reservation platform Quandoo announced the closing of its Series C financing round lead by Piton Capital and affiliates.

Berlin-based company says the new funds will be used to ‘extend its market leadership in Germany, Austria and Italy across Europe, while preparing to launch also in Asia-Pacific and South America’.

Holtzbrinck Ventures and DN Capital, the two VCs who lead the A and B round, , as well as the Sixt family (lead investor in the Seed round) and Texas Atlantic Capital, participated in this growth-financing round.

New funding followed a $8 million round closed six months ago right after a significant expansion eastwards in Europe, adding Turkey to the markets it operates in. The United Arab Emirates, Brasil and South Africa are likely to become next.

Two year-old company claims having seated 1.5 million customers in over 3,000 restaurants in 8 countries so far. Its portfolio addresses to a wide range of choices, from Michelin-starred restaurants to local favorites. It now employs more than 180 people.

Its technology offers users from targeted suggestions based on learned individual preferences to easy mobile billing and payment.

“Over the last year we have developed an industry-leading technology and an operating model that together allow us to enter, scale and win every kind of market around the world – from highly competitive markets like Germany or the UK to countries in which we are the first-ever restaurant reservation service. Piton and its affiliates are investors who share our ambition to build a global category leader. We are thrilled to make Quandoo the driving force in connecting restaurants and diners through online and mobile channels all over the world” says Philipp Magin, CEO and Founder of Quandoo.

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