HeadBox secures £2m fundraise

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Event tech company, HeadBox, has finalised a £2m fundraise led by Deepbridge Capital, bringing its total funding to £13.2m.

This investment aims to help HeadBox launch in the USA and support its recovery following the pandemic.

The company has also doubled its team from 28 to 52 people during the past three months.

Adrian Neilan, COO and investment director at Deepbridge Capital, commented: "We have been impressed by the HeadBox management team, their business model, their market-leading software products, Lead Feed and Smart Book, and their strong, growing customer base. We believe the Company, with our capital and support, has significant growth potential as it continues to disrupt the events sector. It is innovative and growth-focused companies, like HeadBox, which the Enterprise Investment Scheme is designed to support."

Andrew Needham, CEO and founder, HeadBox, said: "HeadBox is on a mission to reinvent the global events industry through technology. The global pandemic has accelerated the need for digital transformation and with it, the need for our software has become a must, not just a nice to have. Covid-19 has brought additional complexities and considerations to the events sector, resulting in major corporations now having to do more than ever before but potentially with fewer people and less budget."

He continued: "We are very focused on ensuring our software helps both our corporate clients and our host venues create greater efficiencies within the increasingly complex event booking process. This is why, during the pandemic, we beat traditional agency incumbents to win significant multi-year contracts from FTSE 100 companies in the media, professional services and FMCG sectors."