Quandoo, a Germany-based restaurant reservation platform, has raised $8 million (€5.86m) series B led by venture capital firm DN Capital and Holtzbrinck Ventures, the venture capital firm backed by German media company Georg von Holtzbrinck Publishing Group and fund investor HarbourVest.
Seed stage and series A investors include the Sixt family, CRES Columbus Internet Group and Atlantic Capital Partners.
Quandoo will use the financing to accelerate its international expansion and cement its market position, with an objective to become Europe’s leading local commerce platform in 2014.
Philipp Magin, Quandoo CEO who co-founded the company in Berlin in 2012 , said: “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.”
DN Capital managing partner Nenad Marovac, who will become a member of the Quandoo board, said: “The Quandoo value proposition to restaurants and customers is far superior to any that exists today and combined with the operational excellence of the team is a very attractive investment.”