Opentable Acquires Foodspotting For $10 Million
Opentable is a popular restaurant booking service that has acquired Foodspotting for $10 million. Foodspotting is a mobile application that lets users record and record what they are eating at home and in restaurants. Foodspotting CEO Alexa Andrzejewski confirmed that the acquisition price was $10 million in cash.
Opentable plans to keep Foodspotting open as a standalone company. Opentable and Foodspotting already had an existing relationship before the acquisition took place. Opentable was using Foodspotting pictures on their restaurant profiles.
“By adding more visually compelling content to help people decide where to dine and discover dishes they’ll love, we hope to make it even easier to find the perfect table for any occasion,” stated Opentable CEO Matt Roberts in a blog post. Foodspotting raised around $3.75 million in funding from Blue Run Ventures and several angel investors. Opentable is a public company and is valued at around $1.2 billion.