Barcelona-based Restalo, an online restaurant reservation service similar to OpenTable, has raised a $10 million Series B round from Seaya Ventures, and existing investor Active Venture Partners. Having previously raised $1.3 million in 2011, this takes the total funding to date to $11.3 million.
Claiming to be the leader in Italy and Spain where OpenTable has yet to operate, Restalo says it plans to use the new capital to consolidate its position in Southern Europe and to expand to new markets. Mobile applications will also be given a greater push.
Founded in 2009, Restalo offers real-time online restaurant reservations for diners, and a cloud-based reservation and guest management solution for restaurants. It claims 1 million active users, and 8,000 restaurants on its platform, as well as 200 partner sites, including brands such as TimeOut, and TripAdvisor.