HEADBOX SECURES £2 MILLION FUNDRAISE - Investment follows growth during Covid and major client wins for events industry scale up.
19th October 2021, London: Event tech scale-up, HeadBox, has finalised a £2 million fundraise led by Deepbridge Capital, bringing their total funding to £13.2 million.
This investment will help HeadBox to accelerate out of the pandemic, fueling its previous 100% year-on-year growth as well as see the company through to profitability. The next generation meetings and events platform, already live in all major UK cities as well as in Australia, Ireland and the Netherlands, will also use the funds to launch in the USA.
Deepbridge Capital’s funding for Headbox was provided via the Deepbridge Technology Growth EIS fund.
Adrian Neilan, COO and Investment Director at Deepbridge Capital commented:
“We have been impressed by the HeadBox management team, their business model, their market leading software products, Lead Feed and Smart Book, and their strong, growing customer base. We believe the Company, with our capital and support, has significant growth potential as it continues to disrupt the events sector. It is innovative and growth-focused companies, like HeadBox, which the Enterprise Investment Scheme is designed to support.”
HeadBox was one of a minority of live events businesses that grew during 2020. As live events are now returning, the Company has already doubled its team from 28 to 52 people during the past three months.
Andrew Needham, HeadBox’s CEO and Founder explained;
“HeadBox is on a mission to reinvent the global events industry through technology. The global pandemic has accelerated the need for digital transformation and with it, the need for our software has become a ‘must’ not just a ‘nice to have.’ Covid has brought additional complexities and considerations to the events sector, resulting in major corporations now having to do more than ever before but potentially have less people and budget. We are very focused on ensuring our software helps both our corporate clients and our host venues create greater efficiencies within the increasingly complex event booking process. This is why, during the pandemic, we beat traditional agency incumbents to win significant multi-year contracts from FTSE 100 companies in the media, professional services and FMCG sectors.”
-Ends-
For further information please contact Amy Stroud
amy@headbox.com or 07810040301
Notes to editor
HeadBox is the UK’s fastest-growing event technology company, on a mission to reinvent the global events industry through technology by helping businesses unlock brilliant events through human-kind event tech. It was placed #9 in the UK’s 2020 Startups 100.
HeadBox has raised a total of £13.2M in funding, including £4.5M from Guinness Asset Management, £1.5M from Deepbridge Capital and €2.5M from EGORA, a Munich-based German-American tech investment group.
Product overview
HeadBox is the easy way to plan meetings and events with confidence. Book, manage and deliver everything in one place - no long searches, no stress and no hidden costs.
● headbox.com is our AI-powered venue marketplace with over 9000 spaces across Europe to choose from.
● Smart Book is a CRM software that enables organisations to plan, book and manage their meetings and events all in one place with the visibility for them to stay in control.
● Lead Feed is a live feed of relevant leads that venues can book their way, commission-free.
LinkedIn: HeadBox
Twitter: @HeadBox
Facebook: /HeadBoxSpaces
Instagram: /HeadBoxSpaces
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