Creventa

The Market

• There are over 16,000 UK hotel and event venues which are struggling with reduced margins. These businesses are reliant on different ticketing, venue and food management systems, as well as highly manual processes for organising staff and taking food orders.

This week's business solves two major problems: 

• One single tech ecosystem: Interconnected apps for ticketing, ordering and planning to streamline operations

• Improved margins: Accurate food orders reduce waste by up to 20%, while pre-orders boost sales

One Liner

• Creventa is a an event management platform to help hotels and venues improve their margins by: managing food & drink pre-orders; selling tickets; accepting deposits and pre-payments; and customising seating plans.

quick pitch deal is democratising UK venture allowing investors to gain exclusive access to top-tier deals syndicated by us through our VC collaborations.

More information coming soon but first express your interest below

Quickfire

• Headquarters: London

• Employee count: 4.5

• Investors: N/A

• Funding amount: £0 to date, raising £750k

• Business model: B2B SaaS

• Traction metrics: 

  • 204 paying venues

  • 136 paying customers

  • 1.5% Churn

  • £190K ARR

Due Diligence

Competition

• There are other players in the market that are targeting the same customers, but with slightly different approaches and product suites:

  • Fango - A similar organisaiton with fewer products which has seen success with the likes of Holiday Inn and national universities.

  • Collins - Event booking software (ended up getting acquired for £20m+), not focused on in-event features.

Founders

• Luke Ireland - Co-Founder and CEO with 30+ years in software, sales and business development.

• Andrew Norton - Co-Founder and Head of Product with 25+ years of industry experience in hospitality and large-scale catering.