Mobeus checks into BookingTek
Mobeus VCT Fundraising
Mobeus Equity Partners has invested £2.2m of growth capital into BookingTek, a provider of direct-booking software to major hotel groups. The funding will be used to expand the BookingTek team, broaden its international presence and facilitate development of future products.
London-based BookingTek, which was founded in 2011, provides software that enables hotels to reduce their reliance on third-party booking systems through an enterprise-grade, real-time booking platform for meeting rooms and restaurant reservations. The platform incorporates PCI payment processing that enables hotels to make their products viewable, bookable and payable all on their own website.
BookingTek’s products meet a key strategic focus of hotel groups at present which is to encourage guests to book directly rather than through third parties. BookingTek’s existing clients include two of the world’s top 10 hotel groups and the UK’s largest hotel group.
BookingTek’s Meetings Maker product is the only software product that integrates with Oracle MICROS’ Opera Web Services for Sales & Catering, the leading hotel property management (PMS) software world-wide.
Trevor Hope, Mobeus Partner, who will be joining the BookingTek board said: “For what today is a relatively small software company based in London, Matthew and his team have done a fantastic job in developing an elegant software platform and building a trusted relationship with the largest hotels groups in the world which are now adopting the software. The Mobeus funding will provide the support the company requires to deliver on the opportunity they have created.”
Matthew Stubbs, Founder and CEO of BookingTek, said: “We were fortunate enough to have a choice of venture capital firms for this round of funding. With Mobeus, we feel that we have the right blend of personalities, skills and experience to help us maximise the growth opportunity in front of us.”