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Software Developer of enterprise-grade online meeting, restaurant booking and payment systems for large international hotel groups and restaurants.
Investment closes only once the total pledged amount passes the minimum of £500,000
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BookingTek products include (i) Meetings Maker, the leading online, direct-booking meeting software for medium and large hotel groups. (ii) TableRes, a direct online restaurant reservation solution with a powerful front of house management system that can be delivered standalone or integrated with Oracle Simphony and 10 other point of sale systems. (iii) TableRes Mobile App is a sophisticated IOS and Android app that allows customers to order and pay at table. The Estimated Total Market Opportunity for all three products is £21bn.
The company is now seeking £650,000 of equity funding to:
• Complete the development of BookingTek’s new mobile app and ongoing enhancement of the existing two products. • Widening of direct sales activity from the top 20 hotel groups to the top 200 hotel groups and the top 500 restaurant chains worldwide. As well as building a new indirect sales channel with Oracle and other similar companies.
• Initiate the growth of international product deployment, training and support functions.
This investment will help the business grow revenue from a run-rate of £2.2m in the FY2018 to a projected £40.3m by 2022.
Deal Type: Equity
Geographical Focus: UK
About: Software Developer of enterprise-grade online meeting and restaurant booking and payment systems for large international hotel groups and large branded restaurant groups.
Type: Company raising finance
Contact Name: Matthew Stubbs
Date established: February 2011
Date Joined Envestry: February 2019