A provider of direct-booking software to major hotel groups
Mobeus invested £2.2m of growth capital into BookingTek, a UK provider of direct booking software to major hotel groups.
London-based BookingTek 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. 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, the leading hotel property management software worldwide.
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. Mobeus is its first institutional investor and provided £2.2m of growth capital as a pure equity investment.
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.
Trevor Hope of Mobeus completed the deal and has joined the Board.
- Growth Capital
- October 2016
- Trevor Hope