investment

Virtual platform SCOOCS secures first investment round

Virtual event and communities platform Smart, Customisable, Online, Offline, Communities for Sustainability (SCOOCS) has raised €1m in investment from business angel Sebastian Loh. The funding will be used to develop the platform and expanding the team. SCOOCS was founded by Prof Dr René Bohnsack in 2020. He used the platform to host his own conference on the topic of sustainability and digitalisa...

Venue operator TVG Hospitality raises $50m to expand UK and US portfolio

Music venue developer and operator TVG Hospitality, founded by Ben Lovett of Mumford & Sons, has raised $50m in new funding to expand its team and venue portfolio in the UK and US. Founded by Lovett and his brother Greg, former finance director at Soho House, the firm currently operates three venues in London, Omeara (cap. 320), Lafayette (600) and the Social (250), as well as broader hospital...

CWT announces $100m investment plans

The travel management platform, CWT has announced plans for a US$100m investment in the myCWT travel management platform and innovative product offering, as it moves forward with the implementation of its previously announced recapitalisation plan. The 2022 investment plan aims to optimise CWT’s digital-first proposition, achieving traveller experience excellence and providing integrated solutions...

Marina Bay Sands unveils $1bn reinvestment

The Singapore-based Integrated Resort (IR), Marina Bay Sands has embarked on a major reinvestment programme for its existing property, spanning rooms and suites, new food and beverage offerings and other enhancements. The US$1bn reinvestment is the biggest since the IR’s opening in 2010, demonstrating parent company Las Vegas Sands’ commitment to Singapore and its tourism industry. The reinvestmen...

Zuddl raises $13.35m to fund growth

Virtual events platform Zuddl has raised US$13.35m in a Series A funding round. The San Francisco-based company currently employs around 75 people and has ambitions to develop a more intuitive platform for all internal, external, hybrid or virtual activity, according to Zuddl’s co-founder and CEO, Bharath Varma. He said: “This new round of funding will enable us to continue building on the foundat...

Informa takes stake in UK event tech company Totem

The UK-based event tech company Totem has secured investment from Informa, the international event organiser and business intelligence group. The value of Informa’s investment has not been disclosed. Informa has taken a stake in Totem, which has an integrated portfolio of digital event solutions. Alex Hughes and Christopher Bo Shields (pictured), co-founders of Totem, said: “We are delighted to fu...