Online venue marketplace Hire Space is to complete its planned UK expansion and pilot its venue-finding concept abroad thanks to £750,000 of new secured funding.
Backed by angel investors including TopTable.com founder Karen Hanton MBE, the latest round of funding brings the total investment to over £2m since the company’s launch in 2013.
The company says it tripled in size in 2015, and the investment will support further website developments for the Asian and North American markets.
Hire Space co-founder Edward Poland said: “Having launched in three new locations in the UK last year, we are excited to take Hire Space to the next stage in its development. The continued support from our investors will allow us to realise our ambitious plans for international expansion as well as opening up untapped spaces in the capital and across the rest of the UK. London is a key city in the international events market and we’ll be using it as a launchpad to scale the business.”
Will Swannell, Hire Space co-founder added: “The appetite for a quick and easy way to find and book venues has been phenomenal. This, coupled with increasing competition in this space has been nothing but encouraging as we prepare for further growth in the year ahead.”
The London start-up specialises in finding unusual venues for conferences, meetings and events and numbers Facebook, Google, Instagram, Red Bull and Accenture among its corporate users.
Founded by a former teacher and a policy researcher for a London MP, the website started as a way for recession-hit schools and local authority buildings to generate revenue through short-term space hire. It has now developed into a marketplace used by over a million people each year and lists over 3,000 venues including Westminster Abbey, the Tate Modern, The Olympic Velodrome and Hampton Court Palace.