Online unusual venue marketplace Headbox has closed its latest fundraising exercise at £1.4m, and reports being 40% oversubscribed.
HeadBox says it will use the new funds to accelerate its growth in the UK and to prepare roll-out of its platform into other major cities around the world.
The platform launched out of Beta last year and in 2016 added Manchester, Birmingham, Bristol and Liverpool to its London base. There are now 4,000 event spaces listed on the platform including some under-utilised space.
Companies using Headbox to search, book and pay for creative event spaces include Google, BBC, Diageo, JC Decaux and L’Oreal. Galleries, cafes, theatres, cinemas, creative studios, churches, boats and tree houses are among the more unusual style of venues on the platform.
New HeadBox investor, Johan Svanstrom, global president of Hotels.com said: “HeadBox offers a fast, simple and innovative solution to an age-old problem of finding and booking unique spaces for work related events. It has the potential to be the leading online marketplace for creative and inspiring event spaces – both in the UK and internationally. I can see the platform has the ability to leverage a number of additional revenue streams to those it is already proving. It has extraordinary commercial potential.”
Andrew Needham HeadBox CEO, added: “We aim for HeadBox to be the global go-to platform for bringing people and spaces together all in one place to make brilliant things happen. We want to change the way people think about space, unlocking people’s imagination to the different uses and applications of space and what incredible things can be created, made, experienced and achieved within the right space.”