VenueScanner has raised £800,000 in its opening round of seed funding, doubling its £400,000 target, the company has said.
The venue finding company is backed by investors including Angel CoFund (funded by British Business Bank), Tom Singh (founder of New Look) and Phil Burks (founder of Big Yellow Storage).
The funds will be used to develop the site’s design and user experience as well as trialling new, innovative features with its ‘PA Members Club’ – a select group of its Personal and Executive Assistant customers whom help shape the company roadmap.
The investment will also be used to further support its nationwide roll out as it expands into one new major UK city each month.
Launched in 2015, founders Benjy Meyer and Rebecca Kelly have over 18 years’ experience in e-commerce and digital marketing respectively at major UK retailers.
The site now boasts a choice of more venues than any other platform in the UK, which range from universities, museums, school halls, pubs, community buildings, hotels and many more. It has also received enquiries from the likes of Facebook, Sainsbury’s, Uber and Airbnb.
Rebecca Kelly, VenueScanner co-founder, said: “We often see individual venues paying less than £3 per click on Google, with no guarantee of a booking. We’re here to help venue hosts reach high value audiences and connect with event organisers at low cost.
“With funding in place, we’re now able to fully capitalise our digital marketing expertise, rollout to venues nationwide and deliver an effortless online venue discovery experience for event organisers.”