Eventwise, a leading event budgeting platform, has recently announced that it has raised £525k in funding led by Fuel Ventures. This investment will be used to enhance their technology, expand their operations, and support their growing client base.
The London-based company provides event planning and budgeting solutions for businesses of all sizes. Their innovative platform offers a user-friendly interface, real-time budget tracking, and automated financial reporting, making it easier for event planners to manage their budgets and expenses.
The recent funding round was led by Fuel Ventures, a venture capital firm that specializes in early-stage technology companies. Other investors who participated in the round include prominent industry leaders and experienced angel investors.
“We are thrilled to have the support of Fuel Ventures and our other investors as we continue to grow and scale our platform,” said Eventwise CEO, Sarah Harris. “This funding will allow us to further develop our technology, expand our team, and provide even better service to our clients.”
Eventwise has seen significant growth in the past year, with a 200% increase in their client base. The company has also expanded its services to include virtual events, in response to the changing landscape of the events industry during the pandemic.
The event planning industry has been heavily impacted by the COVID-19 pandemic, with many businesses having to cancel or postpone their events. However, Eventwise has managed to adapt and thrive in this challenging environment by offering virtual event solutions and helping businesses navigate the virtual event space.
“With the rise of virtual events, it has become even more crucial for event planners to have a reliable and efficient budgeting platform. Eventwise has proven to be a valuable asset for event planners, and we are excited to be a part of their journey,” said Mark Pearson, Managing Partner at Fuel Ventures.
The investment from Fuel Ventures will also enable Eventwise to further develop their technology and enhance their platform’s features. This will include introducing new tools and integrations for event planners to streamline their budgeting process and provide a seamless experience.
“We are constantly looking for ways to improve our platform and provide our clients with the best possible solutions. This investment will allow us to accelerate our development plans and stay ahead of the curve in the rapidly evolving events industry,” added Harris.
Eventwise has received numerous accolades for their platform, including being named as a finalist in the Event Technology Awards and winning the Best Event Management Technology category at the UK Event Awards. With the additional funding, the company aims to continue its growth trajectory and become the go-to solution for event planners worldwide.
In conclusion, the £525k investment led by Fuel Ventures is a significant milestone for Eventwise and a testament to the company’s growth and potential. Event planners can expect to see even more innovative features and improvements to the platform, making their budgeting and financial management tasks easier and more efficient. As the events industry continues to evolve, Eventwise is well-positioned to provide the necessary support and solutions for businesses of all sizes.
