Deals

Quandoo closes $8M

Restaurant-tech startup Quandoo has taken $8 million in funding. The cash comes from DN Capital and Holtzbrinck Ventures.

The online restaurant reservation software challenges incumbent OpenTable and includes tools for yield management and cashier counters.

The funding will be used to grow Quandoo’s presence in Europe.

“We have had an extremely exciting 2013, having brought the first restaurant onto our platform in April we are already serving more than 1,200 local merchants across five countries,” said Philipp Magin, CEO and founder of Quandoo, in a statement on the funding.

“We thank all our investors and customers for their trust in our team and are excited to be joined by DN Capital, an investor who shares our ambitious aspirations of driving local commerce to the next level. Over the next years we will build Quandoo into the commerce platform for local businesses that enables them to market their services through online and mobile channels.”

Quandoo was founded in 2012 and is based in Berlin. Both its investors have strong roots in Europe, as well.