Livebookings, a European online restaurant reservations and marketing service, has raised 15 million pounds ($24.1 million) from existing investors Balderton Capital, Wellington Partners and Ekstranda. The money will be used for growth.
Livebookings, the European leader in online marketing services for restaurants, has increased its capital base by £15m following a funding round led by existing investors Balderton Capital, Wellington Partners and Ekstranda. The funding will support Livebookings’ continued rapid growth.
The announcement follows record sales numbers in Q1 2012 when revenue grew by 34% compared to Q1 2011, seated diners grew by 65% to 3.8 million and Bookatable, Livebookings’ consumer facing website, exceeded 1 million visits in a month for the first time.
Colin Tenwick, CEO of Livebookings commented: “Over the last 18 months we have put in place the engines that drive growth by investing in the development of new products, building a larger sales force and implementing new customer support systems to facilitate the growing customer base. The market leading increase in dined covers, customers and revenue is testament to this strategy and the new funds will help us to increase our market leading position, deliver the most innovative products to the marketplace and drive even more incremental revenue for our customers.”
Notes to editors:
Livebookings makes restaurants and diners click. We operate the world’s only global, web-based restaurant reservations and marketing service, delivering over one million diners every month to over 9,000 restaurants including, Pollen Street Social, Tantris, East, Grill and Aquavit. Our reservations tools enable restaurants to provide their diners with a free, easy-to-use online bookings service, to manage those reservations efficiently and to collect valuable customer data. Our marketing services ensure restaurants can run promotions and deals and execute online marketing campaigns to attract and retain their customers.
Our consumer restaurant reservations website, Bookatable.com, is Europe’s fastest growing online restaurant booking website, operating in 9 different languages and across 19 countries. It supports our unparalleled network of 300 distribution partners, including tastecard, Afternoon Tea and Eniro.se, to ensure we can spread news of deals far and wide and help our restaurant customers attract new business.
Headquartered in London, with offices across Europe and the USA and customers in 23 countries, Livebookings is the largest online reservations provider in Europe, focused on making restaurants more profitable and dining out more pleasurable.