eola, Powering Experience Companies, Raises $2.8 Million in Investment

LONDON–(Organization WIRE)–eola, the functioning procedure for knowledge vendors, has closed a $2.8MM funding round led by Pentech Ventures, with participation from Techstars and leaders in journey and technological innovation.

eola supplies reducing-edge operations technological know-how to expertise providers in the British isles and outside of. From climbing tours in Scotland and watersports centres in Cornwall to scorching air ballooning in New Zealand, eola equips them with the equipment needed to regulate their whole business. By automating bookings and payments processes, making scheduling and resource management simple, and supplying capabilities like memberships and rentals, the eola procedure will save enterprises time and boosts their profits.

All through 2020, eola saw their enterprise increase 5x whilst tripling their buyer foundation. The value of automatic processes, on line accessibility, and authentic-time adaptability has verified even extra vital through final year’s transforming conditions. Employing eola’s exclusive technology, their normal husband or wife doubled online bookings in 2020 from the prior calendar year. eola’s now anticipating even higher progress in 2021 as people today are psyched to return outdoors. The new fundraise will be utilised to increase their technology, crew and professional footprint.

Callum Hemsley, CEO, eola: We’re delighted to have this group of buyers onboard for the next phase of advancement. The achievements we have obtained to date is a testomony to the incredible tenacity and resilience of our crew and prospects. 2020 was a hard year, but looking at how absolutely everyone responded was genuinely inspiring. I’m pretty grateful to be on this journey with them all. Now, we’re searching ahead to serving to far more encounter companies improve with each other with us.

Sandy McKinnon, partner, Pentech Ventures: The eola team has crafted an unbelievable working system for jogging working experience firms. To have developed a enterprise during lockdown in this industry is amazing and speaks to the benefit they provide to their buyers. We’re psyched to back again them and assist them grow even a lot quicker.

Eamonn Carey, MD, Techstars London: Developing items people appreciate is the very best way to develop a scalable, class-defining enterprise. That’s exactly what Callum, Dan and the eola team have done. I’m consistently impressed by the comments and referrals they get from their consumers and the wonderful influence that eola is owning on their companies. I know what is in the pipeline, and I are not able to hold out to see those buyers and millions of other people gain from eola’s operating procedure.