# OpenTable

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/opentable

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.opentable.com
- Total disclosed funding: $54M
- Latest round: Series C (Oct 26, 2000)
- Investors on record: 10

## About

OpenTable is an online restaurant reservation platform that connects diners with restaurants worldwide, enabling seamless reservations and enhancing the dining experience.Founded in 1998, OpenTable is headquartered in San Francisco, US, and operates as a leading online platform for restaurant reservations. The company went public in May 2009, pricing its IPO at USD 20 per share, raising USD 31.4 mn. CEO Brook Mayer currently leads the company, which has engaged in 4 total funding deals since its inception.OpenTable primarily offers an online restaurant reservation platform that connects diners with restaurants across various regions globally. The platform facilitates searches based on factors such as location and cuisine, allowing instant reservations. OpenTable serves a diverse clientele, including casual diners and business professionals, while providing restaurant owners with management tools for optimizing reservations and customer interactions. Its services extend across major markets like the United States, Canada, the United Kingdom, and parts of Asia and Europe.OpenTable generates revenue primarily through its restaurant reservation services, utilizing a subscription and transaction fee model. Restaurants pay a monthly subscription for access to the platform, which includes reservation management features. Additionally, the company earns revenue from transaction fees for each reservation made, accommodating various restaurant sizes from independent eateries to large chains. In 2013, OpenTable reported a revenue of USD 190.05 mn and an EBITDA of USD 63.64 mn.Following its IPO on May 20, 2009, OpenTable plans to leverage its raised funds to enhance its platform and expand into new markets. The company aims to introduce new features and services designed to improve user experience and engagement. Specific markets targeted for expansion include increased penetration in Asia and Europe, aiming for significant growth by 2025. The proceeds from the IPO will support these growth initiatives, allowing OpenTable to enhance its technology and reach a broader audience.

## Funding rounds

- Series C, Oct 26, 2000, $42M — Benchmark, Comdisco, Integral Capital Partners, Impact Venture Partners, Upstart Ventures, Orange SA
- Series B, Jan 8, 2000, $10M — Benchmark, Impact Venture Partners, American Express, Zagat
- Series A, May 1, 1999, $2M — Draper Richards Kaplan Foundation, Venture Frogs

## Investors

- Draper Richards Kaplan Foundation (https://capitalatlas.ai/funds/draper-richards-kaplan-foundation) — Series A
- Venture Frogs (https://capitalatlas.ai/funds/venture-frogs) — Series A
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series B, Series C
- Impact Venture Partners (https://capitalatlas.ai/funds/impact-venture-partners) — Series B, Series C
- American Express — Series B
- Zagat — Series B
- Comdisco — Series C
- Integral Capital Partners (https://capitalatlas.ai/funds/integral-capital-partners) — Series C
- Upstart Ventures — Series C
- Orange SA — Series C