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 elevate 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 out there to modernise reserving and occasion administration platform for native authorities. They developed Bookable, which automates and streamlines reserving processes for councils and the broader group, providing options corresponding to automated pricing, invoicing and waitlist administration, in addition to integrating with present council techniques, together with TechnologyOne’s ERP.
It’s now utilized by round 20% of ANZ councils, and the contemporary capital will likely be used to deepen the product choices and broaden 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 subsequent stage with VC assist.
“My co-founder Andrew and I selected to construct and develop Attekus in a means that ensured we might survive with out exterior funding,” he stated.
“The enterprise has now reached a measurement, and the chance forward of us is massive sufficient that we noticed this as the correct time to lift capital.”
CEO Peter Suchting, who joined the group final 12 months, stated they see important development potential within the UK’s council sector, whereas in ANZ training, in addition to state and federal authorities companies, have related advanced reserving necessities, and the funding will assist them goal these markets.
“The Attekus group is worked up to convey 5 V and QIC on board as our first institutional buyers,” he stated.
“Their mixed expertise in serving to companies scale throughout enterprise capital, development, and personal fairness is a big 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 Collection A and B.
“Attekus has turn out to be a trusted accomplice to native governments, offering an important platform that meets the advanced wants of councils for managing bookings and occasions,” he stated.
“The Bookable platform is liked by its prospects – evidenced by the truth that Attekus has but to lose a buyer. Their imaginative and prescient for the product’s broader applicability is thrilling, and the group has demonstrated the working metrics that VCs like 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 flexibility to digitise, handle, and streamline bookings for idiosyncratic property permits Bookable prospects to extend income and ditch administrative overheads,” he stated.
“It’s no shock greater than 80 councils nationally are already on board, together with a number of the greatest in Queensland, the place Attekus can reap the benefits of high-quality expertise to scale their engineering, gross sales and operations capabilities.”
