Piton leads $25m Quandoo series-C

Existing investors Holtzbrinck Ventures, DN Capital, Texas Atlantic Capital, the Sixt family and other early backers also participated in the round.

Quandoo will use the fresh funding to expand its market share in Germany, Austria and Italy, and to launch in Latin America and Asia Pacific.

Previous funding
The company reportedly secured its series-A round in June 2013 from Texas Atlantic, Holtzbrinck and the Sixt family (owner of German car rental company Sixt).

Quandoo was understood to have raised seed funding in February last year from Texas Atlantic, the Sixt family and several business angels.

In January this year, DN and Holtzbrinck co-led an $8m series-B funding round for Quandoo.

Company
Founded in 2012 and based in Berlin, Quandoo has developed a real-time reservation platform for restaurants in Europe. It has a network of more than 3,000 partner restaurants across 8 countries.

The business provides customers with a range of dining options from Michelin-starred restaurants to local businesses. Restaurant managers are able to use the reservation management system to engage with customers.

The company employs 180 staff.

People
Piton Capital's Andrin Bachmann joins the Quandoo board as part of the deal.

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