Hire Space, the online marketplace for booking venues, has revealed it is on track to raise £500,000 in less than a month after attracting over 100 investors since launching its crowdfunding campaign on 16 May.
London-based Hire Space set a funding target of £500,000 in return for 5.10% of equity in the company, and raised more than £300,000 in the first two weeks on Crowdcube’s platform.
Will Swannell, Hire Space co-founder, said: “For us, the main aim of this crowdfunding campaign is to create a community of professionals within the events industry, who would like a stake in not just Hire Space, but the future of the industry as a whole. The campaign will not only help us to improve our offering, but also to connect more closely with those who invest, our users and event professionals alike.”
The deadline for Hire Space’s crowdfunding campaign is 11 June. This comes 11 days before Hire Space unveils its first venue, Salters’ Hall, London on 22 June.
Salters’ Hall is one of nine venue partnerships Hire Space will introduce this year, including London’s Watermen’s Hall, and The Attendant in Fitzrovia and Shoreditch.
Having closed for a major refurbishment in December 2013, Salter’s Hall recently reopened as part of a wider redevelopment of London Wall Place making the Hall open to the public for the first time in its 600-year history.
Hire Space exclusive venue expert, Mia Robertson, said: “We’re delighted to be working with Salters’ Hall. It’s a fantastic space for the City of London and there’s been huge demand from companies looking to be one of the first to experience one of London’s newest event venues.”
In just four years, Hire Space has grown to have thousands of customers, including Facebook, Google, Instagram, Red Bull and Accenture. With over 100,000 visitors a month, its website lists more than 4,000 venues with the company reporting it adds 40 venues a week. Current venues include the Hilton Hotel on London’s Park Lane, Museum of London, and Chelsea Football Club.