HeadBox gets £4m for its event technology

Event tech company HeadBox has raised £4m in a round led by Guinness Asset Management, bringing its total raised to date to £8.2m.

The money will go towards the startup’s tech development and its European expansion plans, with Dublin, Amsterdam, Paris and Berlin next on the road-map.

Andrew Needham, CEO and founder of HeadBox, spoke about the fundraise.

“HeadBox is on a mission to reinvent the global events industry through technology and the funds we’ve raised will be invested to accelerate our position as the industry leader in the UK digital event booking market.

“I’m thrilled to announce the investment from Guinness Asset Management who recognises that HeadBox is well placed to help large corporates deliver digital transformation in the meetings and events sector.

We are very focused on helping both our corporate clients and our Host venues continue to resolve event booking problems through our technology and software. 2019 will be another exciting year for HeadBox as we look to roll out into other major European cities.”

Chris Villiers, fund manager at Guinness Asset Management, went to comment: “We have been very impressed by the HeadBox management team and the SaaS offering they have developed. We expect that this investment will accelerate HeadBox growth as it fulfills its plans to transform the corporate events industry in the UK and taking on key cities in Europe.”