Event tech startup VenueScanner has raised £1m to roll out its marketplace for venue bookings.
Launched in January 2016, VenueScanner wants to become the number one online destination for events, by creating a self-service platform for hosts and organisers.
Investor Tom Singh commented: “We’re excited to continue to back the VenueScanner team. They’ve scaled a unique approach to innovating in the events market, with 18k spaces live across 15 UK cities. The range of companies using VenueScanner for finding event space, from Deloitte to Lululemon is testament to the product.
The tech that they are now creating will be ground breaking for underutilised real estate and their revenue potential. VenueScanner is a true example of an online business, making real world businesses work better”.
VenueScanner will use the cash to build tools including dynamic pricing and real-time availability.
According to Rebecca Kelly, founder and CEO of VenueScanner, the growth that the company achieved is testament to the work of the team.
“I’m very proud of all the team’s hard work. The business we’re driving to venues is growing 30% month on month, we’ve stuck to our e-commerce guts and worked tirelessly on user experience, resulting in us improving our conversion rate 5X.”