DN and Holtzbrinck lead $8m round for Quandoo

The fresh capital will allow Quandoo to expand internationally by entering new markets in Europe, which is planned to commence in late 2014. The company will also use the funds to secure their market position in Germany and Italy.

Previous funding
Quandoo is understood to have raised seed funding in February last year from Atlantic Capital Partners, the Sixt family (owner of German car rental company Sixt) and several business angels.

The company then reportedly secured its series-A round in June last year from Atlantic, Holtzbrinck and the Sixt family.

Company
Founded in 2012 and headquartered in Berlin, Quandoo is a provider of a reservation and yield management systems for restaurants. Its software allows customers to book reservations at a wide range of restaurants, and the company claims to have more than 1,200 restaurants as clients.

The company operates in the markets of Germany, Switzerland, Austria, Turkey and Italy, and currently employs more than 100 staff.

People
Philipp Magin is the CEO of Quandoo and founded the company with four others. DN managing partner Nenad Marovac is joining Quandoo's board of directors following the funding round.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Technology
• Expansion
• Germany
• Holtzbrinck Ventures
• DN Capital
• Atlantic Capital