The European online restaurant reservation service LaFourchette announced that it has raised ?8 million ($10.5 million) from Serena Capital and Partech at a valuation of more than ?50 million ($65.8 million). This funding will be used to consolidate its leading position in Europe. New country-specific websites are said to launch soon.
Restaurant reservations online are still new in Europe. ?There is significant room for improvement because only 2% of restaurant reservations happen online ? against 40% to 50% for hotel reservations for example,? said Bertrand Jelensperger co-founder and CEO in a Les ?chos interview.
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