The funding round was backed by Mercia Ventures and its EIS funds via the Midlands Engine Investment Fund.
"Planning high-profile events is extremely complex with a host of different factors to consider – from designing and building the infrastructure and planning schedules to managing crowd control, transport and security. However the industry still relies heavily on spreadsheets, drawings and data in different formats. With Iventis we have already shown how technology can transform large-scale event planning. We will now be bringing our innovations and technology to a wider audience."
The funding round was led by Fuel Ventures to support international demand and product innovation.
"This funding is a testament to the exceptional people we have at Beyonk and the combined vision we have for the future of the market. We will continue focusing on organic international growth but we do have the option of using debt facilities for acquisitions too."
The funding round was led by UNTITLED with participation from Material Ventures, Best Nights VC, and Fuel Ventures.
"Fundamentally we want to build the best possible product for our incredible community of independent suppliers. Our vision is to create a groundbreaking operating system for our supply partners – a tool that can be central to helping them grow, whilst helping to streamline the tough parts of their day-to-day. Beyond that we’re really focusing on growing and developing our supplier community, not just signing them up to the platform. We want to feel like a genuine part of the ecosystem."
Regional impact investor Bristol and Bath Regional Capital has backed the experience marketplace in a new funding round.
"Yuup has been fantastic helping us bring in new customers to our Birmingham store. It’s great seeing them unleash their creativity painting macaroons whilst enjoying a glass of ethical Prosecco, and learning about social enterprise and how their fun experience is supporting young people with complex needs to build their skills and get into work."
