Restaurant Reservation Service LaFourchette Sticks Its Fork Into $10.5M

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.