DN Capital, Holtzbrinck lead $8m round for Quandoo

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chef cooking restaurantGerman restaurant tech company Quandoo has raised $8m in a round from venture capital firms DN Capital and Holtzbrinck Ventures.

Quandoo said the funding will help it strengthen its position in existing markets including Germany, Italy, Switzerland and Turkey and expand its business outside of Europe. CRES Columbus Internet Group and Atlantic Capital Partners also participated in the round.

DN Capital managing partner Nenad Marovac 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.”

Other companies backed by DN include German luxury shoe brand Scarosso, which raised a Series A round last year.

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