Hire Space raises £1.35m for continued growth push

Venue-booking website, Hire Space has raised £1.35m in the
last year to finance a UK expansion.

Investors, including Karen Hanton MBE, founder of TopTable and
strategic advisor to the business, added to the £1m raised last year with a
further £350,000 made available this year for investing in expansion.

The London-based company says the latest fundraising round will
allow it to launch in cities across the whole of the UK, with a view to
targeting Europe in the coming year.

Launched in April 2013 with £150,000 of start-up finance, Hire
Space began as an initiative to help schools and community centres rent their
unused space and drive alternative revenue streams. The website has grown into
a specialist online venue-booking website.

Since the last fundraising round, Hire Space has branched out out
into the conference and corporate event market, which now accounts for 50% of
enquires. The company reports enquiries have tripled in the last 12 months and
that the site has received a quarter of a million visitors in 2015.

Edward Poland, co-founder of Hire Space said: “The business has
gone in directions we didn’t expect but we’ve enjoyed exploring these opportunities
and evolving with them. We have ambitious plans for Hire Space and this latest
round of fundraising will help us diversify our offering to our users and build
quickly towards full UK coverage.”

The company boasts a portfolio of 2,500 venues in the UK, with 40
new listings added each week.

Do you have news for CN? Email: Paul Colston

Image: co-founders Will Swannell and
Edward Poland

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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