£2 Million Funding Secured for HeadBox

One of Deepbridge's Technology Growth EIS Companies HeadBox, has finalised a £2 million fundraise led by Deepbridge Capital. This round has taken the total funding to £13.2 million.

This funding will help HeadBox to accelerate out of the pandemic, fuelling its previous 100 percent year-on-year growth and witness profitability. Deepbridge Capital's funding for HeadBox was provided via the Deepbridge Technology Growth EIS fund.

Adrian Neilan, COO and Investment Director at Deepbridge Capital commented: “We have been impressed by the HeadBox management team, their business model, their market-leading software products, Lead Feed and Smart Book, and their strong, growing customer base. We believe the company, with our capital and support, has significant growth potential as it continues to disrupt the events sector. It is innovative and growth-focused companies, like HeadBox, which the Enterprise Investment Scheme is designed to support.”

Andrew Needham, HeadBox’s CEO and Founder explained: “HeadBox is on a mission to reinvent the global events industry through technology. The global pandemic has accelerated the need for digital transformation and with it, the need for our software has become a ‘must’, not just a ‘nice to have.’ Covid has brought additional complexities and considerations to the events sector, resulting in major corporations now having to do more than ever before but potentially with fewer people and less budget.”

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