Livebookings, an European online marketing and reservations service for the restaurant industry, closed a $16m financing round led by pan-European venture capital firm Wellington Partners and backed by existing investors.
The investment follows some $12m from Balderton Capital and other investors during the period 2008-2009.
The funds will be used to continue the development of the Livebookings Network.
Commenting on the investment, Daniel Waterhouse, Partner for Wellington Partners, said: “Livebookings is already the largest European player in their market and we are excited to back the experienced management team as they look to further accelerate its tremendous growth in Europe and beyond. As consumers increasingly search online for places to eat, restaurants all over the continent are starting to take advantage of the unique marketing channel the internet provides. Thanks to its technology edge and restaurant-friendly approach Livebookings is well positioned to bring its services to many more restaurants in a short time”.
Headquartered in London, with offices in Hamburg, Stockholm and Madrid, Livebookings has clients in 19 countries.