Feast It secures €5m in a venture round led by Fuel Ventures to expand its event platform
The financing round was led by Fuel Ventures with support from Best Nights VC and other institutional and private backers.
Feast It operates an online marketplace connecting event organisers with independent suppliers across the UK. The platform provides digital tools to simplify planning for events of all scales.
Feast It has secured €5m in a venture round led by Fuel Ventures alongside participation from Best Nights VC, Ascension Ventures and MAHR Projects. The capital will support the company as it scales operations following a period of strong sales growth and increased demand for physical gatherings. Additional backing comes from prominent individual investors including Tim Score, Richard Pennycook and Magnus Rausing.
Founded in 2017, the platform has facilitated events for a broad roster of private and corporate clients while expanding its service offering to include virtual formats and carbon offsetting initiatives. The funding arrives as the events sector prepares for increased activity driven by rescheduled celebrations and corporate demand.
From the founder
"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."
Digby Vollrath
Co-Founder and CEO at Feast It
Investor perspective
"We couldn’t be happier to be investing in Feast It as a company and the wider events industry at large. The sector is yet to see the technological evolution its size deserves, and we firmly believe that Feast It will become the go-to brand in this space. The company showed its resilience during the pandemic and we believe they are in the perfect position to make the most of the events boom to come."
Mark Pearson
Founder, Fuel Ventures
Investors
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About the company
Feast It
Feast It builds a digital marketplace connecting event organisers with suppliers.