14 May 2012
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.”