Feast It, the UK’s leading event catering marketplace has raised £1.7m in an impressively oversubscribed funding round led by Jon Claydon, ex-Head of advertising agency Claydon Heeley Jones Mason, bringing its total funding to date to £2.7m.
Other investors contributing to the round include; shareholder and previous Chairman in The Hut Group, Richard Pennycook, Coldplay member Guy Berryman, serial entrepreneur and star of Dragon’s Den Sarah Willingham, and luxury entrepreneur John Ayton MBE.
Launched in 2017 by childhood friends Hugo Campbell and Digby Vollrath, Feast It has closely curated a diverse range of over 650 of the UK’s top caterers and mobile bars to book for all kinds of events, spanning from corporate occasions to weddings. All Feast It suppliers have been hand-selected, to offer a versatile community of suppliers available to book for any event, providing banquet-style dining, table service and street food.
Feast It grew by more than 1000% in 2018, reaching over £2.5m worth of enquiries per month last year, and is currently targeting a 360% growth in 2019.
Co-founder and CEO, Digby Vollrath said, “People want the food and drink to be a central talking point at their event; it’s no longer just an afterthought. We carefully consider every supplier we work with to enable us to deliver exceptional food and drinks to every client.”
As well as streamlining the booking process, Feast It allows clients to uniquely tailor their catering to meet their personal requirements; whether that’s a bespoke menu, finding the perfect setup to complement an event’s theme, or allowing guests to customise their meals, booking with Feast It let’s the organiser bring their imagination to life.
“We are incredibly fortunate to be supported by a series of highly sought after investors who share our passion. This funding will enable us to continue to drive our commitment to support small business partners by helping them grow. In 2019, we’re aiming to quadruple the amount we’re making for our supplier partners. We have big growth plans and we’re firmly set on full UK coverage, with a continued push to find the best suppliers across the country, starting with Edinburgh and Belfast” continues Vollrath.
“Our top suppliers earned more than £200,000 each in 2018 through our platform, and we remain dedicated to building the best tools to help the fantastic small businesses we work with get the clients and bookings they deserve.”
Investor David Abrahamovitch, founder of GRIND said, “Feast It has huge ambitions for the next couple of years and it’s great to support them at this exciting point in their story. They’ve created an amazing tool for helping support small businesses in the food and beverage industry, and remain so passionate about connecting quality suppliers to amazing events.”
With an almost 1000% year-on-year increase in the number of enquiries, Feast It’s fresh take on catering is resonating with consumers and the company is set to continue its rapid growth and expansion with this latest investment.