Event planning and management platform OnePlan has secured £4.1m in funding from previous investors Pembroke VCT and Eppes Creek Ventures.
OnePlan will use the extra capital to continue developing its technology – a “venue twin” platform for mapping and planning live events at places such as sporting arenas.
It provides real-time collaboration software that uses a mixture of computer-aided design (CAD) and mapping technology. OnePlan lets event planners to calculate measurements, crow capacity, arrival and exit flows and social distancing measures.
The London-based company will also use the funding to increasing its sales and operations teams and to boost marketing.
“It’s an enormous endorsement to have Pembroke and Eppes Creek invest again based on what they’ve seen in the nine months since their first investment,” said Paul Foster, founder and CEO, OnePlan.
OnePlan previously raised £2.75m in July last year in a funding round, also led by Pembroke VCT and Eppes Creek Ventures.
The latest round puts its OnePlan’s valuation at $58m.
OnePlan was founded in 2019 by Paul Foster and has been used by over 8,000 events in over 100 countries.
OnePlan’s funding news follows its allocation to be the official provider of digital twin software for the Paris 2024 Olympic and Paralympic Games.
“When we first met Paul and the OnePlan team, we were convinced that the platform they had developed through their experience in the sector was far superior to any other competing technologies. This belief has been firmly validated by the fact OnePlan has been chosen as an official supporter of the Paris 2024 Olympic and Paralympic Games,” said Andrew Wolfson, CEO, Pembroke Investment Managers.