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Livebookings secures $16m from Wellington Partners

Mike Butcher

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Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

Monday, September 28th, 2009
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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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  • http://www.spirofrog.de Jobs

    Excellent model especially in these days!
    Good luck

  • http://alyssamyers.com Alyssa Myers

    Oh man… I would love to see these guys com to the States and give OpenTable a run for its money.

  • http://www.facebook.com/people/Jason_Keane/562908828 Jason Keane

    What is the pricing model for this service?

    • http://www.iantester.com Ian T

      They take a portion of rice on every booking and keep the complimentary coke.

  • http://www.ojointernet.com/noticias/livebookings-recibe-16m/ Livebookings recibe 16M

    [...] un servicio online de reservas de restaurantes con sede en Europa, ha recibido 16 millones de dólares en una ronda de financiación por parte de Wellington [...]

  • http://www.optimalconversions.com David Brooks

    Livebookings is being used by the FW Group in Manhattan: Smith & Wollensky/Maloeny & Porcelli.

  • http://www.seslisohbetbk.com Sesli Sohbet

    I would love to see these guys com to the States and give OpenTable a run for its money.

  • http://eu.techcrunch.com/2011/04/04/livebookings-processes-1-million-reservations-in-a-month-raises-10-million/ Livebookings processes 1 million reservations in a month, raises $10 million

    [...] company raised $28 million in multiple rounds over 2008 and 2009, which means the financing round announced today brings its [...]

  • http://jetlib.com/news/2011/04/04/livebookings-processes-1-million-reservations-in-a-month-raises-10-million/ Livebookings Processes 1 Million Reservations In A Month, Raises $10 Million | JetLib News

    [...] company raised $28 million in multiple rounds over 2008 and 2009, which means the financing round announced today brings its [...]

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