An online events marketplace has successfully secured significant equity investment to support ambitious growth plans. Over 30 angel investors participated in this notable funding round.
Impressive Investment Secured
An online events marketplace has managed to secure £615,000 in equity investment from a syndicate led by Dow Schofield Watts Angels and Northstar Ventures. This investment is earmarked for expanding sales and marketing efforts, particularly to support the imminent launch of a new real-time booking system.
Unique Market Offering
Based in Newcastle, the company claims to be the only real-time transactional booking platform for the UK events sector. It allows users to connect with various suppliers, including caterers, entertainers, and photographers, thereby simplifying the event planning process.
Founders’ Vision and Leadership
Shestopal, the CEO, remarked: “We want to be the go-to marketplace and expand internationally. We are thrilled with the team we’ve assembled following this round. Our investors are passionate about our business and are experienced enough to help us skyrocket its development.”
New Leadership and Strategic Growth
Bulmer played a significant role in the turnaround of the Co-operative Group, and he expressed his excitement to help the online events marketplace redefine the events sector in the UK and beyond.
Support and Comments from Investors
David Smith, head of the network, commented, “Eugene and Ignat are incredibly talented entrepreneurs, and we’re looking forward to helping them scale this business. Events was one of the few sectors without an effective digital marketplace, and this company has filled that gap with its sights set on market dominance.”
Continued Support from Northstar Ventures
The investors received legal advice from the corporate teams at Weightmans LLP in Manchester and Watson Burton LLP in Newcastle.
Conclusion
Over 30 angel investors have contributed to a substantial equity investment for a promising online events marketplace. With continued backing from Northstar Ventures and strategic leadership additions, the company is poised for significant growth and aims to transform the events sector.
Overall, the backing from a diverse group of angel investors and strategic industry leaders underscores the strong potential and innovative approach of this online events marketplace. The company’s vision is poised to revolutionise how events are planned and executed, both in the UK and internationally.