Faversham House

BookingTek

A provider of direct booking software for major hospitality groups

The Business

BookingTek’s real-time, direct-book meeting and restaurant solutions are proven to more than halve booking costs and boost revenue by up to 50%. No wonder several large hotel groups use them.

The Deal

Mobeus has provided BookingTek with £2.8m of growth capital. The company, which was founded in 2011, had been previously funded through a series of rounds by a small group of high net worth investors. We are its first institutional investor.

The Plan

BookingTek’s products meet a key strategic focus of hotels to encourage guests to book directly rather than through third parties. The growth capital will be deployed to support the provision of its Software as a Service, to develop future products and to broaden its international presence.

BookingTek
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“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.”

Matthew Stubbs
BookingTek, Founder and CEO

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