Quandoo, a Berlin, Germany-based provider of real-time reservation platform for restaurants, closed a $25m Series C financing round.
The round was led by Piton Capital and affiliates, with participation from Holtzbrinck Ventures and DN Capital, the Sixt family (a lead investor in the seed round) and Texas Atlantic Capital. In conjunction with the funding, Andrin Bachmann from Piton Capital, will join Quandoo’s Board.
The company intends to use the funds to extend its market leadership in Germany, Austria and Italy across Europe as well as launching in APAC and Latin America.
Founded in 2012 by Philipp Magin, Ronny Lange, Sebastian Moser, Tim-Hendrik Meyer and Daniel P. Glasner, Quandoo provides a real-time reservation platform for restaurants, from Michelin-starred restaurants to local favorites. Its network of 3,000+ partner restaurants spans 8 countries and has seated more than 1.5 million diners.
The company currently employs more than 180 people.
FinSMEs
23/07/2014