Venue booking platform secures $1.5m funding in round led by New Look founder
A London-based online venue booking platform has secured over a million dollars of investment to propel its international expansion.
VenueScanner has secured $1.5m funding in an investment round led by Rianta Capital - run by New Look founder Tom Singh - and ACF Investors.
Founded by Rebecca Kelly, VenueScanner aims to enable individuals, businesses and event organisers to find better and more affordable venues.
In addition to supporting venues, the funding will be used to drive international expansion, as well as enhancing the VenueScanner platform to deliver an end to end online experience for event planners.
Rebecca Kelly, founder and CEO of VenueScanner, explained: “While the last year has taught us that we don’t need to be sitting next to each other to get our work done, it has also taught us how important it is to be together to create, to collaborate and to celebrate.
“That means we are going to see a sharp rise in demand for locations and experiences that enable businesses to come together for brainstorms, workshops, team away days and more.
“Our role is to help companies create these in person experiences for their teams and help venues adapt their spaces to accommodate this shift.”
Tom Singh, founder of New Look and lead investor in VenueScanner, commented: “VenueScanner’s technology is a game changer for the future of event booking - it simplifies the entire venue search process and crucially helps venues fill space that would otherwise sit empty.
“This will be invaluable in helping UK venues recover from the pandemic and as a long term investor in the company, I see huge potential for massive growth in the next couple of years, particularly in entering new international markets. Watch this space.”
Tim Mills, managing partner at ACF Investors, added: “With the economy beginning to open up again we are seeing most businesses looking to re-group and re-engage with their employees, something which requires the right spaces in the right places and VenueScanner is perfectly positioned to facilitate this.
“The company has the most comprehensive inventory of venues in the UK and enables businesses, teams, friends and families to come together again as we move towards more flexible environments for both work and play.
“We are excited to see VenueScanner form a key part of the national unlocking and give everyone access to a service that truly supports the needs of the modern company.”
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