Venue site Hire Space raises £1m

London-based Hire Space has raised £1 million to expand its online event hire platform.

Initially founded to drive revenue in schools and community centres, the website now lists over 1000 venues, including Westminster Abbey, Borough Market and the Olympic Copper Box Arena.

Hire ground

In its first year the website generated 500k hits and sent 20,000 enquiries – worth over £7 million – to its venues.

The site recently launched a complimentary service unearthing unusual meeting spaces for London businesses.

The investment will go towards launching a Manchester office later this summer, with a view to international expansion in 2015.