What is OpenTable?
Founded in 1998 and headquartered in San Francisco, OpenTable, Inc. operates a sophisticated online platform dedicated to restaurant reservation services and comprehensive consumer-generated reviews. The company serves as a critical intermediary in the hospitality sector, providing restaurants with the digital infrastructure necessary to manage table inventory, optimize seating capacity, and engage with a broad customer base. By integrating real-time availability with user-driven feedback, OpenTable has transformed the traditional dining reservation process into a data-rich, efficient digital experience that benefits both patrons and restaurateurs.
How much funding has OpenTable raised?
OpenTable has raised a total of $108M across 4 funding rounds:
Series A
$2M
Series B
$10M
Series C
$36M
Stock Offering
$60M
Series A (1999): $2M with participation from Draper Richards Kaplan Foundation and Venture Frogs
Series B (2000): $10M led by Prescient Capital, Benchmark, Zagat, and American Express
Series C (2000): $36M supported by Upstart Capital, Benchmark, Comdisco Ventures, and Integral Capital Partners
Stock Issuance/Offering (2009): $60M, investors not publicly disclosed
Key Investors in OpenTable
Benchmark
Benchmark is a premier venture capital firm known for its early-stage investments in transformative technology companies, focusing on building long-term value through strategic partnership.
American Express
American Express is a global financial services leader that provides payment solutions and travel services, often investing in platforms that enhance the commerce and dining experiences of its cardholders.
Integral Capital Partners
Integral Capital Partners specializes in expansion-stage private companies and growth-stage public firms, pioneering a crossover investment strategy that bridges the gap between private and public markets.
What's next for OpenTable?
Looking ahead, OpenTable is positioned to leverage its robust capital foundation to further penetrate international markets and enhance its suite of enterprise-level management tools. As the hospitality industry continues to embrace digital transformation, the company is expected to focus on deepening its integration with mobile ecosystems and refining its predictive analytics capabilities. This strategic focus will likely involve optimizing the user journey through personalized recommendations and streamlining back-of-house operations for restaurant partners, thereby maintaining its competitive edge in an increasingly crowded digital marketplace.
See full OpenTable company page
