London-based VenueScanner, an online venue booking platform, has raised £800,000 in Seed funding.
The company, launched in June 2016, will use the money to support its nationwide expansion as it seeks to expand into one new major UK city a month.
Rebecca Kelly, VenueScanner co-founder, commented on the news: “Digital marketing in the venue and events industry is still in its infancy, leaving a hugely exciting opportunity.
“We often see individual venues paying more 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 potentialise our digital marketing expertise, rollout to venues nationwide and deliver an effortless online venue discovery experience for event organisers.”
This week’s technology headlines
Singh spoke about his decision to back the young company and praised the way in which it was seeking to disrupt the market.
“ [Co-founders] Rebecca and Benjy are enabling communication between organisers and hosts in a way that hasn’t been done before. They’re innovating the venue booking industry much like Skyscanner innovated the flight booking industry.
“I believe that in the not too distant future you won’t be able to have a meeting, event or celebration without checking VenueScanner first.”
Mills, investment director at the Angel CoFund, added: “The challenge of navigating the marketplace for meeting spaces and events venues is a familiar one to many people and offers a great opportunity for a business that can ease friction for all of us when planning those important and special occasions.
“With VenueScanner the team’s vision of a simple, easy to use and comprehensive shopfront for thousands of places and spaces has really begun to take shape and is set to scale across the UK. At the Angel CoFund we always seek to invest in and support innovative UK businesses that have clear vision and the skills to take industries to the next level. As such we have been particularly impressed by the experience and drive of the VenueScanner team and look forward to them delivering the next stage of growth,” he concluded.
Check out our UK tech investment tracker for the latest industry deals.