Restorando is a technology company.
Restorando has raised $24.0M across 3 funding rounds.
Restorando has raised $24.0M in total across 3 funding rounds.
Restorando has raised $24.0M in total across 3 funding rounds.
Restorando's investors include Aegon Asset Management, Flex Capital, Richmond Global Ventures, Henry Kravis, Leonardo DiCaprio, Marc Benioff, Emergence Capital, Endeavor Catalyst, Kaszek Ventures, Storm Ventures, Florian Otto.
Restorando is a technology company that built a leading online restaurant reservation platform in Latin America, connecting diners with restaurants through a digital marketplace accessible via web and mobile.[1][2][4] Founded in 2011 in Buenos Aires, Argentina, it served over 20 million diners across more than 5,000 restaurants in eight countries—Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay—solving the problem of fragmented restaurant bookings in a mobile-first region where 35% of reservations occur via mobile.[1][3][4] The platform generated $13 million in annual revenue by 2024, raised over $22 million in funding from investors like Kaszek Ventures and Atomico, and was acquired by TripAdvisor-owned TheFork in 2019, adding 3,500 restaurants to its network and boosting regional digitalization before transitioning to TheFork branding.[1][2][3]
Restorando emerged in 2011 when co-founder and CEO Frank Martín and his team identified the need for a centralized online reservation system in Latin America's fragmented restaurant market, drawing parallels to OpenTable but adapted for local cultural and tech dynamics.[1][3] Operating from Buenos Aires, the startup quickly gained traction, expanding to 14 cities across seven countries and raising $13.3 million in Series B funding by 2015, followed by additional rounds totaling over $22 million from prominent VCs like Flybridge Capital, Emergence Capital, Kaszek Ventures, Atomico, and Storm Ventures.[1][2][5] A pivotal moment came in 2019 with its acquisition by TheFork, which praised Restorando's innovative tech development and regional expertise, allowing it to seat 20 million diners while maintaining operations under its brand initially.[1][3][4]
Restorando rode the wave of digital transformation in hospitality, capitalizing on LATAM's rising smartphone penetration and demand for online services amid urbanization and e-commerce growth.[1][2] Its timing aligned with pre-pandemic shifts toward contactless bookings, positioning it as a pioneer in restaurant tech before the 2019 acquisition amplified TheFork's (and TripAdvisor's) LATAM footprint to 60,000 global restaurants.[3] Market forces like mobile-first behaviors and VC interest in emerging markets favored its expansion, influencing the ecosystem by driving 3,500+ restaurants online and setting standards for regional diner marketplaces.[1][3][6]
Post-acquisition, Restorando's operations have integrated into TheFork's platform, focusing on sustained growth in LATAM's 18-market network with 21 million monthly visits, amid ongoing restaurant digitalization trends.[2][3] Emerging forces like AI-driven personalization, post-pandemic recovery, and expanded food delivery integrations could propel further scaling, evolving its legacy from standalone leader to a key pillar in TripAdvisor's global ecosystem—potentially unlocking more diners and tech efficiencies in underserved regions.[1][3] This trajectory underscores how nimble LATAM startups like Restorando catalyze broader hospitality innovation.
Restorando has raised $24.0M across 3 funding rounds. Most recently, it raised $8.0M Series C in July 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2015 | $8.0M Series C | Aegon Asset Management, Flex Capital, Richmond Global Ventures, Henry Kravis, Leonardo DiCaprio, Marc Benioff | |
| Aug 1, 2013 | $13.0M Series B | Emergence Capital, Endeavor Catalyst, Kaszek Ventures, Richmond Global Ventures, Storm Ventures, Florian Otto | |
| Feb 1, 2012 | $3.0M Series A | Emergence Capital, Endeavor Catalyst, Kaszek Ventures, Richmond Global Ventures, Storm Ventures, Florian Otto |