Venue app developer LiveStyled has announced its completion of a £1.2 million Series A funding round.
Managed by Nash and Co Capital, the planned £1m round was oversubscribed by 20%, with investors seeking exciting and proven technology companies with huge scale potential.
Investors range from those with interests in the live entertainment and theatre space, to those who have seen great returns from fast-growing tech startups. The investment brings LiveStyled’s total funding to £2m and sees Alex Buchanan of Nash & Co. join the board.
“It is an incredibly exciting time for LiveStyled, said Adam Goodyer (pictured), the company's founder and CEO. "Our team have been working tirelessly with venue industry leaders and we are proud to be delivering a best-in-class platform that meets the needs of customer-focused venues. We are grateful to Nash & Co for their advice & support, and of course to our investors for helping us get to where we are today.
“The product has now proven its ability to use data science to analyse consumer behaviour in order to target consumers in the right place, at the right time, with the right message. This in turn enhances the experience and delivers incremental commercial returns.
“Investment raised in this Series A round will expedite our expansion plans over the coming months. It’s a new chapter in the story of LiveStyled and we look forward to bringing on many new clients in these markets."
The funding will enable LiveStyled to expand across Europe and increase its focus on global markets in the USA, Asia and Australasia.
Since its launch, a range of clients in music, sport, theatre and retail industries have utilised the platform and its white labelled mobile apps, positioning it as the market leader in Europe.
By Alex Pearson