Feast It, the leading event marketplace raises further £1.7m
by Startacus Admin
Leading event marketplace, Feast It secures major funding boost to assist with its expansion to full event planning and also further grow its virtual events offering
Fab news for Feast It, the UK’s leading event booking marketplace which has raised £1.7m in an impressive funding round led by MAHR Projects, former CEO of the Co-op Richard Pennycook CBE and Tim Score, ex-CFO of Arm Holdings.
Since its launch in 2017, Feast has become known as a platform through which customers can book caterers and mobile bars for events and has been described as the ‘Airbnb of catering’ by the Financial Times.
The pandemic led to the company expanding into virtual events, and within the first month of launching the product, companies such as Google, Amazon, Deliveroo, Deloitte had booked through the platform. Popular virtual events include cooking lessons, cocktail classes, escape room challenges and much more, and Feast It will use the funds to further grow out its virtual event product.
Co-Founder Digby Vollrath explains: ‘There was a big shift in people’s attitudes towards virtual events in the latter half of 2020, as people realised that interactive activities such as cooking classes, escape rooms or cocktail making lessons can be engaging and great fun. As we go into another lockdown and the continuation of remote working, virtual events are here to stay and we’re going to make sure the very best experiences are available on Feast It.’
In addition, the company has built out its industry-leading product for in-person events and has added new types of hand-picked event suppliers. As co-founder Hugo Campbell adds:
‘Right from the start of the COVID crisis, we were aware that there would be severe and wide-ranging damage to the events industry. However this is a £90bn portion of the UK’s economy and it’s always been clear that it’s just too big to fail. We’ve made sure that we’ve grown Feast It out to help customers and suppliers on the other side of this because let’s be honest, people are going to want to let loose on the other side of this and we’ve made booking suppliers for your event as easy as booking a holiday!’
Feast It certainly look to be well on their way towards achieving their mission of revolutionising the $1trn global events industry!
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Published on: 12th January 2021
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