Studiospace secures £1.5m seed funding from Fuel Ventures
Fuel Ventures backs the marketing agency platform for its first institutional round.
Studiospace operates a digital platform connecting major brands with independent agencies in the creative, digital and marketing sectors. The company handles administrative processes and contracts to simplify supplier procurement.
Studiospace has secured £1.5m in seed funding from Fuel Ventures to support its expansion in the UK and Australia, alongside platform development. The company has onboarded numerous enterprise clients and thousands of agency professionals since its launch earlier in the year.
The business was established by a team of experienced entrepreneurs who previously built and exited Market Gravity. The fresh capital will allow the platform to scale its operations and further automate matching and administrative processes for enterprise clients.
Fuel Ventures led the investment, citing the team's track record and the rapid adoption of the platform by major corporations.
From the founder
"Big brands want new talent, but smaller indie businesses can't cope with the admin and red tape that big brands demand from their suppliers,"
Peter Sayburn
Co-founder and CEO at Studiospace
Investor perspective
"Having seen Studiospace's growth since they began trading at the start of this year, we were delighted to have the opportunity to invest in such an exciting business."
Shiv Patel
Partner, Fuel Ventures
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Scale operations
Investors
Categories
About the company
Studiospace
Studiospace connects major brands with independent marketing and creative agencies through a digital platform.