Fourvenues, a provider of management software for the nightlife industry, has recently secured €6.5 million in a funding round led by Base10, a US fund based in Silicon Valley.
The investment round also saw participation from ZBG from the Netherlands, FJ Labs from the USA, as well as the CEOs of Jobandtalent and Juan Roig’s investment fund, Angels Capital, which maintained its position by reinvesting in Fourvenues.
With the fresh capital, Fourvenues wants to accelerate its growth and expand its operations internationally.
Alberto Centeno, the CEO of Fourvenues, expressed his enthusiasm about the partnership with Base10, emphasizing the importance of their support in professionalizing the nightlife industry worldwide.
He also expressed gratitude to Angels for their reinvestment, highlighting their continued interest in the project.
The involvement of strategic partners such as FJ Labs and ZBG further bolsters the company’s international expansion efforts.
“We are already present in several countries, and we aim for a percentage of turnover in 2023 to come from the international market,” he emphasizes.
“This round is a turning point. It will help us to make a leap in the evolution of all strategic areas and will allow us to accelerate the growth of the company,” he adds.
“We are investing in Fourvenues again because of Alberto’s leadership at the helm of the company. He has managed to solve real needs in the nightlife sector, which has allowed them to experience remarkable growth rates, and on a global scale,” explains Pepe Peris, CEO of Angels.
The success of Fourvenues can be attributed to its role in driving the digitalization of the nightlife industry and fostering its professionalization.
By offering a Software-as-a-Service (SaaS) platform that integrates multiple functionalities, Fourvenues enables venue owners to manage their businesses efficiently and effectively.
The platform encompasses various aspects of event management, including guest lists, ticketing, bookings, and even PR team coordination.
Real-time event monitoring and comprehensive data collection allow businesses to gain insights into their customers and facilitate targeted marketing campaigns.
Having achieved a turnover of €35 million in 2022, Fourvenues is determined to maintain its upward trajectory.
The company plans to expand its workforce to 90 employees by the end of the year.
Additionally, Fourvenues will continue to strengthen its “All-in-One” approach by consolidating all the tools necessary for businesses to carry out their daily operations within a single platform.
New features, including “Fourvenues BNK” (a payment solution for venues), customized financing options, and streamlined payment and receipt processes with suppliers and employees, are in the pipeline.