You are not logged in and only seeing 7 days of articles. Please sign up or login to view more
Wednesday 13 January 2021

Backers pop more dosh into Feast It lookalike Poptop

logoThe race is on to become the premier event supply chain marketplace in the UK!

Just the other day I wrote about Feast It which has pivoted from ‘gourmet’ food marketplace to ‘full fat’ event supplies marketplace (see Feast It hops on the virtual event bandwagon with new funding).

And today I bring you news that Ukrainian-founded, but now Newcastle-based, event management start-up Poptop has raised a further £440k ‘to pursue its global expansion plans’. The funding comes from existing investors DSW Ventures and NorthStar Ventures via the North East Innovation Fund.

You may recall I was just a tad sceptical about Poptop’s claims of 2.5m visitors a year when they raised angel funding a couple of years back (see PopTop attracts angels to help manage events). Well, I’m pleased to say that they have toned down the hyperbole on their website, but now say that they have had just shy of 500k events booked through their platform so far, with 2,560 booked this month (I assume mid-Jan).

The PR says Poptop is ‘on course’ to take £10m in bookings (I assume gross) in 2021. So, if they are averaging say 5,000 bookings a month, that’s some 60k bookings a year, implying an average of £160-£170 per booking. Then they have to pay the supplier.

Anyway, Poptop seems to be the place to go if you need a singling Elvis telegram or an ABBA tribute band for your event (don’t we all) and lots of other stuff too.

Good luck to them, I say.

Posted by: Anthony Miller

Tags: funding   startup  

Twitter   Facebook   LinkedIn   Email article link

© TechMarketView LLP 2007-2021: Unauthorised reproduction prohibited see full Terms and Conditions.