Real-time restaurant reservation platform Quandoo has closed its Series C round on $25 million (€18.6 million). Piton Capital led the round, with DN Capital, Holtzbrinck Ventures and Texas Atlantic Capital also participating, among others. Launching its service just over one and a half years ago, Quandoo has partnered with over 3,000 restaurants in eight countries and seated over 1.5 million diners. The platform allows users to search for and book reservations at local restaurants. It also can be used by restaurants to manage reservations, offer specials and take payments through its POS function. This is the second financing in 2014 for the company, as it raised $8 million (€5.9 million) in a Series B round in January.
Earlier this year, French company Lafourchette was acquired by TripAdvisor (NASDAQ: TRIP). It offers a similar service to Quandoo's, helping diners find restaurants, make reservations and even gain points as part of a loyalty program so as to earn discounts at participating restaurants. Lafourchette was backed by VCs Otium Capital, Partech International and Serena Capital before its acquisition.