HeadBox, the software as a service (SaaS) marketplace for meeting, off-site and event spaces, announced last week that it received a cash injection of £1.6m from several investors. EN wanted to know what it means for the exhibition sector and asked Ann-Marie Rossiter, head of marketing and operations, for details. She explained that the funding will allow the company to further develop its tools to help event organisers find the right venue in an efficient and cost-effective way.
Rossiter said: “HeadBox already streamlines the venue finding process for any exhibition planner by using a variety of technologies that we have developed from scratch. For an exhibition venue, our SaaS solution will solve many of the inefficiencies faced by their venue team on a daily basis.”
This round of investment, including €1m (£880,000) from German-American tech investment group Egora, will help HeadBox to continue to develop its online marketplace offering as well as new software for both organisers and venues.
HeadBox has reported a fast growth of its business and claims it now has one of the largest collection of spaces ranging from galleries, cafes, theatres, cinemas, creative and photographic studios to churches, boats and tree houses as well as London’s iconic venues on its site. In the past six months it has seen its gross merchandise value, bookings and net revenue treble, the company said.
HeadBox CEO, Andrew Needham, commented: “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.”
The new funds will also 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.