A reserving and occasion administration platform beloved by native councils has raised $5 million in its first exterior spherical after seven years of bootstrapping.
The increase for Attekus was led by 5 V Enterprise Capital, with assist from Queensland government-backed QIC Ventures.
Attekus was based in 2017 by Tom Muller and Andrew Cutler, who labored collectively at TechnologyOne, and noticed the hole available in the market to modernise reserving and occasion administration platform for native authorities. They developed Bookable, which automates and streamlines reserving processes for councils and the broader neighborhood, providing options comparable to automated pricing, invoicing and waitlist administration, in addition to integrating with current council techniques, together with TechnologyOne’s ERP.
It’s now utilized by round 20% of ANZ councils, and the recent capital shall be used to deepen the product choices and increase into new markets.
Attekus cofounders Tom Muller and Andrew Cutler
Muller, the CFO, stated they got down to bootstrap Attekus from the beginning, however noticed the chance to taken the enterprise to the following degree with VC assist.
“My co-founder Andrew and I chose to build and grow Attekus in a way that ensured we could survive without external funding,” he stated.
“The business has now reached a size, and the opportunity ahead of us is large enough that we saw this as the right time to raise capital.”
CEO Peter Suchting, who joined the workforce final 12 months, stated they see important progress potential within the UK’s council sector, whereas in ANZ training, in addition to state and federal authorities companies, have comparable advanced reserving necessities, and the funding will assist them goal these markets.
“The Attekus workforce is happy to carry 5 V and QIC on board as our first institutional traders,” he stated.
“Their mixed expertise in serving to companies scale throughout enterprise capital, progress, and personal fairness is a large worth add for us as we scale, and their networks have already opened new enterprise alternatives for us.”
Chris Gillings, who led the deal for 5 V, stated the capital has come from their second, specialist B2B software program fund, raised in 2023, investing in startups at Sequence A and B.
“Attekus has become a trusted partner to local governments, providing an essential platform that meets the complex needs of councils for managing bookings and events,” he stated.
“The Bookable platform is loved by its customers – evidenced by the fact that Attekus has yet to lose a customer. Their vision for the product’s broader applicability is exciting, and the team has demonstrated the operating metrics that VCs love to see.”
Nick Capell from QIC Ventures, stated the startup’s deep understanding of the challenges confronted by native governments allowed them to construct an answer tailor-made to these wants, leading to widespread buyer loyalty and belief.
“The ability to digitise, manage, and streamline bookings for idiosyncratic assets allows Bookable customers to increase revenue and ditch administrative overheads,” he stated.
“It’s no surprise more than 80 councils nationally are already on board, including some of the biggest in Queensland, where Attekus can take advantage of high-quality talent to scale their engineering, sales and operations capabilities.”
