HeadBox, a London-based marketplace startup offering inspiring meeting, off-site and event spaces, just announced it received €1.8 million in funding led by Egora Holding – a Munich-based tech investment group.
Founded in 2015, UK-based HeadBox now has one of the largest collection of creative spaces ranging from galleries, cafes, theatres, cinemas, creative and photographic studios to churches, boats and tree houses as well as London’s more iconic venues on its site. In the past 6 months it has seen its gross merchandise value, bookings and net revenue treble. The first time we introduced you to Headbox was in 2016, when we mentioned the company as one of 10 British startups to look out for in 2016.
Over 100 companies such as Farfetch, Dentsu Aegis and Expedia have already signed up to HeadBox Business, a personalised corporate dashboard that sits alongside the platform to help companies manage multiple venue bookings across numerous teams, departments and territories, and delivers complete transparency and budget control for all event budgets and venue bookings, as well as insight into what spend and savings are made across the company or network.
The fresh capital will enable HeadBox to drive its platform-first strategy of developing a range of software based tools and services alongside its market place for its 10,000 corporate guest and host venue customers. The cash injection will also allow HeadBox to speed-up its international roll-out.
Nikolaus Zwick, the Managing Director of Egora commented: “HeadBox, with its innovative solution to the common problem of finding and booking unique spaces for work-related events fits perfectly with our investment criteria and has the potential to be the leading SaaS enabled marketplace for creative and inspiring event spaces – both in the UK and internationally.”
Andrew Needham, the CEO of HeadBox stated: “The HeadBox vision is to re-invent the events industry through technology, unlocking value from under-utilised space as well as providing many space owners with an extra revenue stream. Our platform first strategy means that we are not just making the whole process of finding and booking venues for work related events so much easier, simpler and faster via our market place but we are also providing our corporate guests and host venues with additional software services to anticipate their arising needs. It’s an important part of why our customers keep coming back.”
Having now raised a total of more than €4.7 million in funding, HeadBox has received strong endorsement from a wide range of shareholders bringing decades of experience in the areas of hospitality, software & technology, social and digital marketing, PR and private equity to the HeadBox cause.