Delta et al. invest €1m in MeetingsBooker

The round was led by ACT Venture Capital, which invested via the AIB Start Up Accelerator Fund. The €22m fund makes seed and early-stage investments and is supported by Enterprise Ireland. It launched in 2011.

Delta invested via the €17m Bank of Ireland Start-Up and Emerging Sectors Equity Fund.

Enterprise Ireland also took part in the round, alongside several angel investors comprising HostelWorld.com founder Tom Kennedy, former chairman Paddy Holahan and current CEO Feargal Mooney. Industry players Patrick Delaney and Pádraic Gilligan have also taken part.

Mooney and Gilligan will join MeetingsBooker's board of directors, which is chaired by Holahan.

The company will use the fresh capital to create 25 new jobs within customer support, marketing and IT. It will also invest in online advertising and continue with its international expansion plans.

Company
Founded in 2009 and headquartered in Dublin, MeetingsBooker has developed an online venue-booking service for conferences and meetings. The company claims to offer access to 70,000 meetings rooms across 100 countries.

The company's focus is on meetings and conferences of less than 100 people, which it claims is a market worth €15bn in Europe alone.

People
Ciarán Delaney is the founder of MeetingsBooker.

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