OpenTable is a technology company.
OpenTable has raised $48.0M across 3 funding rounds.
Key people at OpenTable.
OpenTable has raised $48.0M in total across 3 funding rounds.
OpenTable has raised $48.0M in total across 3 funding rounds.
OpenTable's investors include Benchmark, Sequoia Capital.
Key people at OpenTable.
OpenTable is a hospitality technology company that builds an online platform for restaurant reservations, reviews, and management tools. It serves diners seeking easy bookings and restaurants needing operational efficiency, solving problems like phone-based reservations, no-shows, and table optimization through a global network of over 60,000 restaurants across 20 countries.[1][2] With features like an Electronic Reservation Book, loyalty points, personalized recommendations from 2 billion seated diners' data, and integrations for CRM and marketing, OpenTable drives growth for restaurants while enhancing diner experiences; it's a subsidiary of Booking Holdings (NASDAQ: BKNG), employs around 1,200-2,200 people, and generates approximately $300-467 million in revenue.[1][2][3]
OpenTable was founded in 1998 in San Francisco by Chuck Templeton, who grew frustrated calling multiple restaurants to book dinner for his in-laws, sparking the idea for a digital reservation system.[1] Starting as a pioneer in online restaurant bookings, it quickly expanded, becoming the world's leading provider with over 60,000 partnered restaurants globally and 10 offices worldwide.[1][2] Key milestones include raising $108 million across funding rounds (with a $60 million latest), automating host operations via its Electronic Reservation Book, and leveraging vast diner data for recommendations; acquired by Booking Holdings, it has evolved into a comprehensive hospitality platform powering 2 billion reservations since inception.[1][2][3]
OpenTable stands out in hospitality tech through these key strengths:
OpenTable rides the digital transformation of hospitality, accelerated by mobile booking trends and post-pandemic demand for contactless experiences, timing perfectly with e-commerce growth in services.[2] Market forces like rising online reservations (its Alexa rank of 2195 signals strong traffic) and data-driven personalization favor it, as restaurants seek tools for recovery and efficiency amid labor shortages.[1][2][3] It influences the ecosystem by enabling marketplace dynamics—diners discover venues, restaurants gain customers—while integrations foster a connected digital hospitality network, setting standards for operational tech in food service.[1][2]
OpenTable's momentum positions it for expansion in AI-driven personalization and global markets, potentially deepening Booking Holdings synergies for travel-dining bundles. Trends like hyper-local discovery, sustainability-focused menus, and AR previews will shape it, evolving its influence toward a full-stack restaurant OS amid hospitality's tech boom. As the reservation pioneer, it remains primed to power dining's next era, turning everyday meals into seamless, data-smart experiences.
OpenTable has raised $48.0M across 3 funding rounds. Most recently, it raised $36.0M Series C in September 2000.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2000 | $36.0M Series C | Benchmark | |
| Dec 1, 1999 | $10.0M Series B | Benchmark | |
| Apr 1, 1999 | $2.0M Series A | Sequoia Capital |
