Egora investment group invests €1M in HeadBox
– HeadBox marketplace expansion receives backing –
23rd October 2017, London:
HeadBox, the SaaS (Software as a Service) enabled marketplace for inspiring meeting, off-site and event spaces has just received a total injection of £1.6M in funding lead by tech investment company Egora Holding who have invested €1M.
Egora is a Munich-based German-American tech investment group formed by active entrepreneurs who support other entrepreneurs to build market-leading pioneering companies.
Having grown very fast, UK-based HeadBox now has one of the largest collection of creative spaces ranging from galleries, cafes, theatres, cinemas, creative and photographic studios to churches, boats and tree houses as well as London’s more iconic venues on its site. In the past 6 months it has seen its gross merchandise value, bookings and net revenue treble.
Over 100 companies such as Farfetch, Dentsu Aegis and Expedia have already signed up to HeadBox Business a personalised corporate dashboard that sits alongside the platform to help companies manage multiple venue bookings across numerous teams, departments and territories, and delivers complete transparency and budget control for all event budgets and venue bookings, as well as insight into what spend and savings are made across the company or network.
The new funds from Egora will enable HeadBox to drive its platform-first strategy of developing a range of software based tools and services alongside its market place for its 10,000 corporate guest and host venue customers. The cash injection will also allow HeadBox to speed-up its international roll-out.
Nikolaus Zwick Egora Managing Director comments: “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 stimulating and trustworthy team and believe that HeadBox has an exciting future.“
Andrew Needham, CEO, HeadBox says: “The HeadBox vision is to re-invent the events industry through technology, unlocking value from under-utilised 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 market place 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.”
We aim for HeadBox to be the global SaaS enabled marketplace bringing people and spaces together all in one place to make brilliant things happen. We want to change the way people think about space, unlocking people’s imagination to the different uses and applications of space, and we are delighted to receive support from Egora to deliver on this ambition”, Needham concludes.
Egora joins a strong and impressive line up of previous investors that include Sir Brian Williamson CBE, former Chairman of Electra Private Equity and former Chairman of LIFFE and currently Chairman of R.J Fleming; Ralph Kugler, former Main Board Director of Unilever and Chairman of Cognita Schools; Martin McCourt, former CEO of Dyson; Andy Cosslett, previously CEO of InterContinental Hotels and Operating Partner of Advent Private Equity; Aaron Simpson, Co-Founder & CEO of Quintessentially Group; Matt Isaacs, Founding Partner & Executive Chairman of Essence and Johan Svanstrom, Global President of Hotels.com.