Today, Livebookings Network welcomed a £6.5 million financial injection led by leading global VC firm Balderton Capital.
This investment will add fuel to Livebookings’ drive for international growth and will strengthen plans to recruit talent from countries all over the world. The funds will also be used to build the success founded in existing markets (UK and Nordics), in addition to the development of Livebookings’ tech infrastructure.
Niklas Ekland, CEO says “With this investment, we can further expand our partner network and extend our reach as hungry guests go online to make their next reservation.”
London-based Balderton Capital is one of Europe’s largest venture capital organisations, with an investment strategy focussed on finding and helping talented entrepreneurs build great companies.
Notable investments include
- Bebo (the leading social networking site)
- Betfair (online betting exchange)
- Codemasters (video games developer and publisher)
- Habbo Hotel (teen social networking site)
- MySQL (open-source database business)
- Setanta Sports (the European sports broadcaster)
Tim Bunting (partner at Balderton Capital) said, "Livebookings is a fantastic, easy-to-use service for the restaurant sector. By bringing together
booking agents, restaurants and diners, it fulfils a vital reservations and marketing role. We’re really looking forward to working with the Livebookings team as it builds the business across Europe.”
The Livebookings Network is a global marketing and real-time restaurant booking service. With millions of reservations made since its conception in 2001, Livebookings has successfully welcomed almost 17,000 restaurants into the network.
There will be more than a few million reservations made in the next few years. Watch this space...
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