Livebookings secures $16m from Wellington Partners
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.