UK-based event tech company Headbox has secured £4m in funding from Guinness Asset Management, following a year of strong growth in 2018.
HeadBox is a transactional platform for meeting, off-site and event spaces. It simplifies the process of searching for and booking venues, allowing planners to communicate directly with venues and book in minutes.
The new funding almost doubles HeadBox’s total investment, which now comes to £8.2m. The funding will drive HeadBox’s plans to expand into Dublin, Amsterdam, Paris and Berlin.
Chris Villiers, fund manager at Guinness Asset Management said: “We have been very impressed by the HeadBox management team and the software-as-a-service offering they have developed. We expect that this investment will accelerate HeadBox’s growth as it fulfills its plans to transform the corporate events industry in the UK and taking on key cities in Europe.”
The HeadBox team has grown from 17 to 52 with significant investment in its technology and product functions, including the hiring of chief technology officer Gavin Spurling, from emnos – a global retail expert technology company.
Andrew Needham, CEO and founder of HeadBox, commented: “HeadBox is on a mission to reinvent the global events industry through technology, and the funds we’ve raised will be invested to accelerate our position as the industry leader in the UK digital event booking market.
“I’m thrilled to announce the investment from Guinness Asset Management, which recognises that HeadBox is well placed to help large corporates deliver digital transformation in the meetings and events sector. We are very focused on helping both our corporate clients and our Host venues continue to resolve event booking problems through our technology and software.
“2019 will be another exciting year for HeadBox as we look to roll out into other major European cities such as Dublin, Amsterdam, Paris and Berlin.”