Friday, March 7, 2008

The Livebookings Network is a global marketing and real-time restaurant booking service got VCs funding

What Company Is Offering:
The Livebookings Network is a global marketing and real-time restaurant booking service. The Livebookings Network is continually expanding. By creating strong partnerships with high profile websites, it can give restaurants access to free marketing channels and more potential diners every month. The Network manages the entire integration process for its booking partners, working closely with a company's technical team to deliver entirely customisable customer and booking communications, in tune with their website's needs.

How It Works:
By selecting one of the six integrated reservations management solutions available, Livebookings' restaurant members are able to receive real-time internet bookings from more than 500 independent booking partners – including Time Out,,, MSN, Eniro, Ticketmaster and American Express – with a collective potential market in excess of 30 million diners.
Operating on a 24/7 real-time system, the Livebookings Network provides a reliable confirmation service and accurate table occupancy information to prospective diners around the clock.

How Much They Got From VCs:
Livebookings the European leading online restaurant reservations and marketing network, announces it has secured Gbp6.5m of funding led by Balderton Capital, the leading venture capital firm behind Bebo, Codemasters and Setanta. The investment will be used to fund growth plans in Europe and develop the company's infrastructure and technology.

About VCs:
Balderton Capital is one of Europe's largest venture capital firms, committed to finding and helping talented entrepreneurs build great companies. Based in London, it manages approximately USD 1.5 billion in committed venture capital.

Since 2000, Balderton has invested in over 70 companies across a wide variety of technology sectors and geographies, including throughout Europe, and in the US and China. Notable investments include Bebo (the leading social networking site), Betfair (online betting exchange) Codemasters (video games developer and publisher), Habbo Hotel (teen social networking site), MySQL (open-source database business) and Setanta Sports (the European sports broadcaster).

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