Lunchgate, the one-stop online marketing solution for restaurants, raised CHF 800’000 from private investors and members of the investiere community. Two investors from investiere’s network each invested CHF 100’000 and in total investiere-investors contributed CHF 375’000 to this financing round. This once again highlights investiere’s ability to not only attract a broad range of private investors, but also help promising startups secure large single investments from investiere’s network of angels.
Lunchgate is the leading Swiss online reservation system with more than half a million seats already booked in 2014. The company has 1'400 contracts with more than 1'000 paying restaurants that use various other scalable services that Lunchgate offers. "Since going live in January 2012," Lunchgate CEO Marc Locher explains, "over 1 million seats have already been booked via Lunchgate's reservation system Foratable, which has become the most widespread reservation system in Switzerland."
The acquisition of Opentable and LaFourchette as well as the $25 million financing round for Quandoo prove that online restaurant reservation systems are a hot topic. Lunchgate is excellently positioned to play a leading role in this new and fast-growing market, especially given the founding team’s exceptionally strong sales skills and solid network of existing partnerships with leading corporates such as Migros, Blick and Orell Füssli and dozens of media partners.
Lunchgate's easy-to-use services put it in a strong position to expand beyond Switzerland; the first foreign market they are focusing on is Germany.