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News & Events

Balderton Reserves Spot At Livebookings For $12.9M

06 March 2008

VentureWire

By Ty McMahan

Livebookings Ltd., a European online restaurant reservations and marketing network, has secured a $12.9 million round led by Balderton Capital.

Chief Executive Niklas Eklund said the company will use the money to continue European expansion and to look to bring the service to the U.S. Livebookings has acquired nearly 17,000 restaurants and more than 500 independent booking partners for its network. Through the network of partners, Livebookings enables access for diners to reserve tables for free at a range of restaurants.

By selecting one of the six integrated reservations management platforms available, Livebookings' restaurant members are able to receive real-time Internet bookings from partners including Time Out, Lastminute.com, Laterooms.com, MSN, Eniro, Ticketmaster and American Express.

Livebookings charges restaurants a monthly fee and a performance fee based on guests referred.

Founded in 2006 and based in London, the company previously raised about $4 million. Eklund declined to provide specific revenue figures or a valuation.

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