News

News

One million covers and $10 million investment

01 April 2011

Europe's restaurant reservation leader drives record growth and secures funding

London, 1 April 2011

Rapid growth in the restaurant sector continues as Livebookings, the leading global reservations and marketing service for restaurants, today announces that it processed online reservations for over one million restaurant diners, globally, throughout March. During this record-breaking month, Livebookings also closed a round of funding of £6 million (almost $10 million) in investment from existing Livebookings shareholders, including Balderton Capital and Wellington Partners.

Colin Tenwick, CEO of Livebookings said:

“The proceeds of the funding and record covers levels will help us to cement our leading position in Europe. Our 8,000 restaurant customers out-number our nearest competitor by more than 40% and restaurant reservations have increased by a staggering 92% compared to March 2010. Successful initiatives such as Restaurant Weeks in Denmark and Sweden, run by our consumer brand Bookatable, have contributed to this exciting milestone. We are helping all the restaurants we work with improve their profit margins and fill their tables, and with this in mind we expect more success stories and continued growth in the future.”

This news follows Livebookings’ recent two year exclusive partnership deal with the London Restaurant Festival.