A company which connects major brands with independent agencies via its smart platform has raised more than £1 million of follow-on funding from Fuel Ventures.

StudioSpace, which was originally launched in 2020 as Studioworks, raised £1.5m from Fuel Ventures in 2022 and has now secured additional investment. It featured in seventh spot on our MarTech 50 ranking this year.

Founder and CEO Pete Sayburn revealed the news via a LinkedIn post.

“The funds will help us continue our epic growth trajectory as we build the world’s leading agency marketplace,” he wrote. “Thanks to all our fantastic clients and agencies for embracing the future of marketing services.”


StudioSpace was founded by Sayburn, Gideon Hyde, Robin Scarborough, Paul Bowman and Phil Kohler after a previous business four of them were involved in – Market Gravity – was acquired by Deloitte.

The London-based firm’s clients include Aviva, Jaguar Land Rover and Gala Games.

Senior and chief marketing officers use StudioSpace to post briefs and criteria for new projects. The platform matches them to relevant suppliers, based on their choices.

Crucially, the company also provides standard contracts and terms of conditions, as well as handling payments, removing the administrative issues which often prevent small companies from working with bigger brands.

Fuel Ventures is one of the most active early and growth stage investors in the UK into leading fast-growth technology businesses.

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