Poptop secures £440k seed follow-on funding from DSW Ventures and NorthStar Ventures to fuel global expansion
The Newcastle-based events booking platform has raised a further £440k from DSW Ventures and NorthStar Ventures.
£440KSeed
Poptop operates a marketplace for booking private events ranging from children's parties to weddings. The platform connects users with thousands of independent suppliers.
Newcastle-based events marketplace Poptop has secured £440k in a seed follow-on funding round. The capital was provided by existing backers DSW Ventures and NorthStar Ventures, drawing from the North East Innovation Fund. The fresh investment will enable the company to advance its technology platform and accelerate international expansion.
From the founder
"We are confident that in 2021 the market for private events will bounce back strongly and Poptop will play an important role in the redevelopment of the industry. The technology we’ve built allows us to significantly improve the customer’s experience of planning an event and increase conversions and bookings for our suppliers."
Eugene Shestopal
Founder at Poptop
Investor perspective
"The Poptop team have performed wonders. Their business exists to deliver fun and stress-free social gatherings. Despite their core market being on ice for nearly a year, they have evolved their product, found new revenue streams, and delivered a world-first real-time booking platform for the private-events marketplace. 2021 will be a transformative year for Poptop."
David Smith
founding partner, DSW Angels
Use of funds
- 01Continue product development
- 02Expand into international markets