Hire Space makes room for growth

Hire Space makes room for growth

Dubbed the Airbnb for event spaces, London start-up Hire Space is looking to shake up the events industry and is already wowing blue chip companies such as Facebook and Google.

Hire Space was launched in 2013 by teacher Will Swannell and speechwriter Edward Poland, initially as a way to create new revenue streams for under-utilised public sector spaces.

After three years of hard work and solid growth, the company is now looking to become the go-to platform for venue booking in every major city across the world.

hirespace.com now lists over 4,000 venues, including Wembley Stadium and Tate Modern, and is even being used by the likes of Facebook and Google.

Currently expanding quickly across the UK, and with partners in Hong Kong and New York, the company aims to leverage technology and build a global marketplace at the centre of the events industry.

Having already raised £2m from investors including the founders of Irish hotel group Moran & Bewley's and the founder of TopTable.com, the company has now turned to crowdfunding to raise a further £500,000 with a new CrowdCube campaign.

Three weeks into the month long campaign, the company has already raised almost £400,000 (80% of their target) with 140 private investors jumping on board, and founders Will and Ed are excited about the future.

Speaking to BQ, Ed said: “We chose crowdfunding over alternative funding in order to build an engaged, vocal community of events industry professionals.

“Our growth to date shows that we can fundamentally change the events industry in the UK and beyond, and we want our future to be shaped by the people who stand to benefit.

“We've had a fantastic response to the campaign from venue managers and event professionals, all of whom will play a role in driving us forward.

“We're doing something that hasn't been done before, and industry stakeholders are keen to get behind it.”

Hire Space is targeting strong revenue growth in London and the UK this year as it gains a rapidly increasing stake in the conference and events market.

Ed added: “The support of the crowd will allow us to build on our position as the go-to venue marketplace in the UK, and invest in sales and marketing to increase our market share, particularly amongst corporate bookers. It will also allow us to continue expansion across the UK.

“In a global events market worth around £460m, the UK - and particularly London - is hugely important. Consolidating as the market leader here makes puts us in an extremely strong position globally, either to build on our own presence in international territories or to leverage a global network.

“The expertise offered by industry investors, as well as the financing we'll raise, will allow us to achieve this goal quickly. We're extremely excited about the future.”