Food & drink platform Feast It moves into events backed by £680k investment
Feast It, a start-up booking platform for the food & drink scene, says it is to move deeper into the events space and has secured £680,000 of fresh investment, bringing the total secured in 12 months to £1m.
Feast It provides customisable event catering and says it now works with 300 caterers including Patty & Bun, Hummus Bros, Grind, Hola Guacamole and The Prosecco Van.
Feast It was founded by best friends Digby Vollrath and Hugo Campbell, recently named as some of Amazon’s ‘Young Entrepreneurs of the Year’. Their idea was to make good suppliers instantly accessible to anyone.
The company claims to offer the largest ‘direct to book’ collection of independent catering suppliers and anticipates an increase in vendor numbers by 233% for the year.
Feast It is also looking to enter Ireland and expand further internationally.
Investors include John Ayton, co-founder of Links of London, Brown’s restaurants founder Jeremy Mogford, Irish investment syndicate Boole, former ARM Holdings CFO and British Land Director Tim Score, David Abramovich founder of cafe and restaurant group Grind, and Caper & Berry Catering founder Tim Brennan.
Digby Vollrath, co-founder of Feast It says: “The UK events industry was worth over £42.3bn in 2017, with catering alone valued over £1.5bn. Match this with an ever-increasing appetite for exciting and quality food at any event, it’s not surprising we’ve seen an explosion in consumer demand for the very best suppliers.
“There are over 7,000 companies offering catering in the UK and with so much choice and noise in the industry, there is a clear need for a platform to make people’s lives easier.”
John Ayton, founder Links of London, adds: “Simply put, event planners aren’t as willing as they once were to settle for the same boring old vol-au-vents. It is no surprise that Feast It is growing so quickly.”
Pictured: Feast It founders Digby Vollrath and Hugo Campbell