• Target

    £850,000

  • Type

    Equity

  • Close Date

    Jun 14 2019

  • Status

    Closed

RISK WARNING: Your capital is at risk. The risks include: the lack of liquidity in this market in terms of being able to realise investments and the loss of the value of investment. When you invest any loss in value will not be covered by the Financial Services Compensation Scheme.
Please read FULL risk warning.

BookingTek

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

Total Pledged: £1,393,576
Max

£850,000

A pledge is not a commitment. You will be asked to confirm in the next section.

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Overview

BookingTek is an enterprise grade SaaS business that has cracked the code selling software into the largest hotel groups in the world, acquiring 5 of the top 10 (incl. UK #1 and world #1).

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 Manager avatar

Deal Manager
Nick Taylor

  • Sector: Technology / IT / Software
  • Region: UK: London
  • Stage: Established - existing revenue, pre-profit
  • Eligible Tax: EIS
  • Board Requirement: Will consider further board appointments
  • Pre Money Valuation: £13,200,000
  • Share Price: £508.43
  • Originator: Envestors
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Originator


Originator: Envestors

Investment Focus: Equity and Debt

About: Envestors is a FCA regulated corporate finance adviser in the UK and operates an international network of sophisticated investors investing an average of £42,000 in high growth unquoted companies seeking £250,000 to £2m in equity funding.

Contact Name: Oliver Woolley

  • Registered Investors
    Over 1000
  • Investment through platform
    Over £100m