Livebookings secures $16m from Wellington Partners

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Yes, this robot responds to your thoughts. That's right, your thoughts.

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.

  • 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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