Restorando offers an online reservation platform designed to bring the OpenTable model to Latin America. The service is free for diners and requires no hardware installation for restaurants. It is available in nine major cities across Brazil, Argentina, Chile and Colombia and serves thousands of restaurants and more than 2 million diners. Mobile drives roughly 35% of its reservations. The company was founded in 2011 and is headquartered in Buenos Aires. Restorando has raised $17 million in total to date. Restorando operates an online reservations service that helps restaurants promote available tables and increase revenue while enabling customers to book online. The company lists more than 800 restaurants across Brazil and Argentina. It currently has operations in São Paulo (and four other Brazilian cities) and Buenos Aires. Restorando was founded in 2010 and is led by CEO Frank Martin and COO Franco Silvetti. The new funding will be used to expand into other South American markets and to continue building the team. The company’s core product focuses on developing new sales channels for restaurants and improving booking efficiency for consumers. The report does not disclose revenue figures.

Total raised

$17M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2013