Further success for Feast It as it raises a €5m venture round
by Startacus Admin
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The Feast It mission to disrupt the global events industry continues thanks to €5m venture-led round.
We originally highlighted Feast It in our startup of the week feature a few years ago and we’ve loved following its journey ever since - from successful fund raises through to its fabulous Woof Weddings. And we’re delighted to do so again today with the news that it has raised €5m in an oversubscribed round led by Fuel Ventures, with participation from Best Nights VC, the investment unit of Mast-Jägermeister SE, Ascension Ventures and MAHR Projects.
The global events industry has long been dominated by unpopular, outdated operators who have struggled to adapt to modern consumers. With 85% of organisers now beginning their event planning process online, Feast It provides the perfect solution via its marketplace which connects a handpicked selection of the UK's top event suppliers with organisers looking to plan their events online.
Feast It has had unprecedented growth in the second half of 2021, reflecting the UK’s clear desire to return to physical events. The company is generating over €12m of enquiries each month for its suppliers and is dedicated to working with both independent businesses and household names.
When the physical events industry ground to a halt during the pandemic, the company quickly pivoted to open new revenue streams for their suppliers by facilitating the booking and running of virtual events, including online cocktail lessons, virtual escape rooms and even masterclasses with renowned chefs including Marco Pierre White and Tom Kerridge, amongst others.
The landscape of the events industry has drastically over the course of the last 18 months but now the sector is set for a new dawn, and Feast It looks set to be a major part of its recovery.
As Co-Founder and CEO Digby Vollrath says:
‘The events industry has been through a defining moment over the last 18 months, and many people wrote off the return to physical events to bet on a digital future. At Feast It, we’re strong believers that the most important moments of your life are created when people come together in person and we can’t wait to be a major part of helping the country get back to what it does best, celebrating.’
Fab news for a fab startup. We can’t wait to see what they do next!
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Published on: 23rd November 2021
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