AAA Quandoo reserves $25m in C round

Quandoo reserves $25m in C round

Quandoo, a Germany-based reservation platform for restaurants, has raised $25m in a series C round that included Holtzbrink Ventures, the venture capital firm backed by publisher Georg von Holtzbrinck.

Venture capital firm Piton Capital led the round, which also featured investment firm DN Capital, Sixt Family and VC firm Texas Atlantic Capital.

Quandoo enables users to find and make real-time restaurant reservations. Currently operating in Germany, Austria and Italy, Quandoo will use the funding to expand across Europe and launch in Latin America. 

The company raised two rounds of funding in 2013, a $2m seed round backed by the Sixt family and Texas Atlantic Capital in February and a $4.5m series A round in June led by Holtzbrink Ventures and DN Capital.

Quandoo subsequently raised $8m in a January 2014 series B round that involved participation by Holtzbrink Ventures, the Sixts, DN Capital, CRES Columbus Internet Group and Atlantic Capital Partners. 

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