UK’s events tech scaleup HeadBox closes £2M to accelerate global expansion
HeadBox is the fastest-growing event technology company in the UK. Now, the scaleup has finalised a £2 million fundraise led by Deepbridge Capital. This round has taken the total funding to £13.2 million.
Global expansion plans
The proceeds of this round will help HeadBox to accelerate out of the pandemic, fueling its previous 100 percent year-on-year growth and witness profitability. The next-generation meetings and events platform is already live in all major UK cities and in Australia, Ireland and the Netherlands. Also, it will focus on launching in the USA. Deepbridge Capital’s funding for Headbox was provided via the Deepbridge Technology Growth EIS fund.
Adrian Neilan, COO and Investment Director at Deepbridge Capital commented: “We have been impressed by the HeadBox management team, their business model, their market-leading software products, Lead Feed and Smart Book, and their strong, growing customer base. We believe the company, with our capital and support, has significant growth potential as it continues to disrupt the events sector. It is innovative and growth-focused companies, like HeadBox, which the Enterprise Investment Scheme is designed to support.”
Andrew Needham, HeadBox’s CEO and Founder explained: “HeadBox is on a mission to reinvent the global events industry through technology. The global pandemic has accelerated the need for digital transformation and with it, the need for our software has become a ‘must’, not just a ‘nice to have.’ Covid has brought additional complexities and considerations to the events sector, resulting in major corporations now having to do more than ever before but potentially with fewer people and less budget.”
Reinvents global events industry
Andrew Needham founded HeadBox in London, which works on the mission to reinvent the global events industry using technology. HeadBox is an easy way to plan meetings and events with confidence as it lets businesses book, manage and deliver everything in one place without long searches, stress and hidden costs.
The AI-powered venue marketplace with over 9,000 spaces across Europe to choose from was one of a minority of live events businesses that grew during 2020. As live events are now returning post the pandemic, the company has doubled its team from 28 to 52 people during the past three months.