A Bristol-based online booking company is relocating its headquarters to Cardiff.
BookingLive, which is currently based on Whiteladies Road in the city, will open a new office at The Maltings office scheme in Cardiff next month and will be recruiting seven new members of staff.
The company says it will still be maintaining a presence in Bristol as it grows.
The news comes as the company lands £1.31m in new investment from Blackfinch Ventures and the Development Bank of Wales.
Blackfinch Ventures has invested an initial £406,000, while £250,000 comes from the Development Bank.
Second payments of £406,000 by Blackfinch and £250,000 from the Development Bank, bringing the total to £1.31million, will be made in early 2020.
The investment will be used to expand BookingLive’s team and marketing presence, for additional product development, and to fund further expansion in the UK and US markets.
Chief executive Vinnie Morgan, who founded the company in 2014, says the funding will also help BookingLive with its plans to more than double revenues during 2020.
He said: “BookingLive is set to grow rapidly in the next two years, as we continue our success in the UK and look to replicate that success in the US.
"Securing the backing of both Blackfinch and the Development Bank of Wales is a great vote of confidence in our company and in our product.”
Alexander Leigh, investment executive with the Development Bank of Wales, said: “BookingLive is a high-quality, high-growth tech business that we are delighted to be welcoming to Wales.
"Their pioneering products and exciting growth plans make the organisation a perfect fit for our Wales Technology Seed Fund; we’re really looking forward to working alongside co-investors Blackfinch and the leadership team at BookingLive.”
Dr Reuben Wilcock, ventures director at Blackfinch Ventures, added: “BookingLive has exceptional traction and we are confident Vinnie will drive strong growth with this round of investment.”
BookingLive provides online booking and reservation software to more than 700 private and public sector organisations, including Microsoft, BMW, Universal Music Group, the BBC, CAPITA and The City of Westminster.
The company recently opened a satellite office in Charlotte, North Carolina, to focus on expansion in the US.
