Tutti raises £300k in crowdfunding round
UK: London-based creative space booking platform Tutti has raised more than £300,000 in a crowdfunding round on investment platform Seedrs, achieving 123 per cent of its initial £240,000 target.
At the time of writing, 337 investors have participated in the crowdfunding raise.
Founded in 2018 at the Founder Institute and supported by the Rattle Collective, Dream Factory, Entrepreneurs Collective and Home Grown, Tutti rents out more than 1500 spaces to content creators and artists for a number of different purposes, including film / photo shoots, rehearsals and recordings.
Founder and CEO, Gabriel Isserlis, who recently contributed his thoughts to our STRz 2023 predictions feature, told UK Tech News: “I could see first-hand the struggles that hosts were having with their own booking system – it was time-consuming, mistakes were made, and hosts were spending hours managing the process instead of doing what they do best – handling the human aspect of their business. Our powerful software enables booking management to be done in minutes, with effortless enquiries, negotiation and simple, secure online payments.
“Ultimately, Tutti provides a quick and transparent solution to owners, so they can continue to focus on what they do best: creating great spaces for creativity to continue to flourish,” he added.
Self-funded until April 2022, Tutti claims that over 4000 creative professionals now use its platform to rent out spaces.
After achieving a pre-funding valuation of £1.5 million, the startup is aiming to use the investment to increase its listings in London and expand nationwide.