Livebookings secures $16m from Wellington Partners

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Livebookings, European-based restaurant reservation service, has secured $16 million in a new funding round from Germany/Pan-European VC firm Wellington Partners. Niklas Eklund, Livebookings’ CEO says Livebookings is “at a point” where it clearly sees itself scaling globally.

It’s also clearly benefiting from credit-crunched restaurants now switching to online reservations to fill their tables, something Livebookings says has risen by 91% this summer compared to last, but there is plenty of growth left in the market. Only 7% of restaurants currently use online reservations, according to the company.

The move follows a previous $12 million injected from Balderton Capital and other investors over 2008 and 2009. Livebookings will also build it’s network of affiliate partner websites.

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