While OpenTable was a great start in improving restaurant reservations and putting them online, snagging last-minute spots at tony restaurants is different matter altogether.
But the recently launched Table8 is working on that one, and it has a new $4.6 million to do so. Concur Technologies’ Perfect Trip fund led the round with additional participation from angel investors.
Table8 partners with popular restaurants and lets diners book last-minute reservations at establishments that normally book up very quickly. The service is currently only available in San Francisco, partnering with less than a dozen restaurants, including The Slanted Door, Aziza, and Waterbar. The company plans on using the new funds to expand to new cities, with New York City as its next stop.
“Finding a hard-to-get reservation at the last minute is one of the great challenges for the business traveler, and Table8 has created a unique and disruptive solution to this problem,” said Concur executive vice president of corporate strategy John Torrey in an official statement.
The company’s biggest competitor is likely OpenTable. When we checked in with the company at the time of its in-app payments launch back in February, it claimed to be working with 30,000 restaurants and to have more than 350 million users. Table8, although seeming to target a smaller subset of the restaurant market, will definitely have to put up a fight against OpenTable’s larger reach and network.
Table8 was cofounded by Pete Goettner and Santosh Jayaram, and this is the company’s first institutional round of funding.
Concur is a leading provider of integrated travel and expense management solutions. Concur’s easy-to-use Web-based and mobile solutions help companies and their employees control costs and... All Concur Technologies news »
OpenTable is a leading provider of free, real-time online restaurant reservations for diners and reservation and guest management solutions for restaurants. The OpenTable network delivers th... All OpenTable news »