Fourvenues, a company that offers comprehensive management software for the nightlife industry, has just closed an investment round of 6.5M€ led by the US fund Base 10, headquartered in Silicon Valley (USA), and has been joined by Angels, the investment company of Juan Roig, who already bet for the company in its previous round. Also participating are ZBG (Netherlands), FJ Labs (USA) and Felipe Navío and Juan Urdiales, founders of Jobandtalent, a company that closed 2022 with a sales figure of 2,000 million euros.
Fourvenues, an essential tool for the nightlife industry
Fourvenues has digitalised the nightlife industry with a SaaS that integrates multiple functionalities for the management of a business on one single platform so that, beyond convenience, venues can manage all their services without any data falling by the wayside, which directly influences their productivity and profitability.
Through its software, everything related to an event is organised, such as guest lists, tickets, bookings or even the management of PR teams. With the platform, business owners are aware in real time of everything that happens at an event, and once the event is over, all the data collected allows them to get to know their customers better, as well as the possibility to communicate with them via marketing campaigns.
Fourvenues strengthens its growth and expansion
Upon raising the 6.5 million investment, Alberto Centeno, CEO of Fourvenues, said: “We are very pleased to have the support of BASE 10, a leading US fund, as a partner in our mission to professionalise the future of nightlife by creating a global tech solution for the industry. I would also like to express gratitude to Angels for investing in us again, which shows their interest in the project. In the same way, having funds like FJ Labs or ZGB is a great support as they have become strategic partners for our international expansion, which has become the main objective.
“We are already present in several countries, and we aim for a percentage of turnover in 2023 to come from the international market,” he emphasises. “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.
Base10 managing partner Adeyemi Ajao stated, “Fourvenues has succeeded in developing leading software for the nightlife and events world. We are excited to support the Fourvenues team as they continue their exceptional growth in this exciting vertical.”
Fourvenues, which closed 2022 with a turnover of 35M€, plans to reach 90 employees by the end of this year. In addition, they will continue to focus on strengthening their “All-in-One” DNA so that all the tools that businesses need to carry out their daily work are encompassed in a single platform. New functionalities will be coming soon, such as “Fourvenues BNK”, a payment solution for venues, tailor-made financing, and a plan to streamline payments and receipts with suppliers and employees. In addition to this, Fourvenues is already working on the launch of several other products that will offer more value and utility to the nightlife industry.