London's HeadBox receives major £1.6m funding with Egora Holdings

London-based HeadBox, a SaaS-enabled marketplace for inspiring meeting, off-site and event spaces has received a total of £1.6m funding, led by tech investment firm Egora Holding, which gave nearly £1m.

HeadBox offers one of the biggest collections of creative spaces, ranging from galleries, cafes, cinemas and photographic studios, to churches, tree houses and boats. In the past six months, its gross merchandise value and net revenue has tripled.

The funding from Egora will enable HeadBox to drive its platform-first strategy of developing a range of software-based tools and services alongside its marketplace for its 10,000 corporate guest and host venue customers.

Nikolaus Zwick, Egora’s managing director, commented: “Egora supports entrepreneurs with high potential software solutions and technical intellectual property who have the vision to build pioneering companies and become world leaders in their industries.

“HeadBox, with its innovative solution to the common problem of finding and booking unique spaces for work-related events fits perfectly with our investment criteria and has the potential to be the leading SaaS enabled marketplace for creative and inspiring event spaces – both in the UK and internationally.

“We are thrilled to be working with this trustworthy team and believe that HeadBox has an exciting future.”

Over 100 companies such as Farfetch, Dentsu Aegis and Expedia have signed up to HeadBox Business, a personalised corporate dashboard sitting alongside the platform to help companies manage venue bookings across many teams, departments and locations.

Andrew Needham, CEO of HeadBox, said: “The HeadBox vision is to re-invent the events industry through technology, unlocking value from underutilised space as well as providing many space owners with an extra revenue stream.

“Our platform-first strategy means that we are not just making the whole process of finding and booking venues for work related events so much easier, simpler and faster via our marketplace but we are also providing our corporate guests and host venues with additional software services to anticipate their arising needs.

“It’s an important part of why our customers keep coming back. Whether it is for a planning session, team away day, product launch, client presentation, sales conference, training session, office party or anything in between they are choosing to use HeadBox.”

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