Abstract
On 6th March 2008, Livbookings announced an investment deal. Through this investment deal, the company received $13.04 million funding from Balderton Capital, a venture capital firm of Europe.
Livbookings Business Deal of the most recent times was announced on 6th March 2008. Through this business deal, Livbookings received an investment worth $13.04 million from Balderton Capital, the renowned venture capital firm of Europe.
Company Profile of Livbookings
Livbookings is a significant provider of real-time restaurant booking service. The company was established in 2001. From that time, it started to offer different reservation management solutions. At present, there are almost 17,000 restaurants in the Livbookings Network.
Using Livbookings services, customers are also able to make bookings through Internet. For providing this Internet booking service, Livbookings has made business relations with 500 independent booking partners.
Details of the Deal
Through this investment deal, Livbookings received huge funding of $13.04 million. The company informed that, it would use these funds, in executing its' growth plans for Europe. Livbookings also planned to utilize the funds for technological upgradation and for further development of the infrastructure facilities.
Livbookings is continuously expanding its' network. For achieving this expansion, Livbookings requires to create strategic partnerships with the high profile websites. For, this cause, the company needs sufficient funds. So, after the recent investment deal, Livbookings could use the received funds for materializing the expansion plans of the company.
In respect of this investment deal, Niklas Eklund, CEO, Livbookings stated that, after this investment deal, Livbookings would be able to extend its' network and expand its' customer base.
On the other hand, Johan Brenner, Partner of Balderton Capital, stated, that by bringing together restaurants, booking agents and customers, Livbookings plays a vital role in the restaurant sector and after the investment deal, Livbookings would be able to further extend its' business across Europe.
It can be mentioned here, that, in this investment deal, EOC Partners LLP, served as Livbookings' financial advisors.