Events industry disrupter gets £4m ahead of ‘exciting year’
HeadBox, an ‘event tech’ company behind a platform which simplifies the process of searching for and booking venues, has raised £4 million in funding.
The money came from Guinness Asset Management and will support HeadBox’s plans to expand into Dublin, Amsterdam, Paris and Berlin.
It brings the total amount raised by the company to £8.2 million.
London-based HeadBox is on a mission to disrupt the global events industry with technology. The company’s platform simplifies the process of searching for and booking venues including meeting, off-site and event spaces. It allows planners to communicate directly with venues and book spaces online within minutes.
“HeadBox is on a mission to reinvent the global events industry through technology, and the funds we’ve raised will be invested to accelerate our position as the industry leader in the UK digital event booking market,” said CEO and founder Andrew Needham.
He added: “2019 will be another exciting year for HeadBox as we look to roll out into other major European cities such as Dublin, Amsterdam, Paris and Berlin.”
The HeadBox team has grown from 17 to 52 with significant investment in its technology and product functions, including the hiring of chief technology officer Gavin Spurling.
Chris Villiers, fund manager at Guinness Asset Management, said: “We have been very impressed by the HeadBox management team and the software-as-a-service offering they have developed.
“We expect that this investment will accelerate HeadBox’s growth as it fulfills its plans to transform the corporate events industry in the UK and taking on key cities in Europe.”