Easol, a platform for experience suppliers, has announced a Series A funding round of $25 million.
The investment was led by Tiger Global with existing investors Notion Capital, Foundation Capital, Y Combinator and FMZ Ventures also involved.
The round follows seed funding of $4.5 million announced by the U.K.-based company in March.
Easol claims it has increased the number of experience providers on its platform tenfold since closing the seed round.
The company is forecasting growth a trebling of its growth in 2022 following significant increases in transaction volumes this year.
Easol offers experience providers its “all-in-one” SaaS technology platform to help them launch and grow.
Ben Simpson, co-founder and CEO, says: "Lisa and I set out to build Easol in 2017 after years of frustration when running our own experiences.
"We were faced with hacking together so many third party tools whilst trying to successfully operate and grow our business and so we designed Easol as the dream all-in-one platform we would have wanted for our own experience business!”
He adds that the funding will go towards recruitment in London, Lisbon and across U.S. offices as well as further investment in Easol’s product development.
Evan Feinberg from Tiger Global, says: “Easol’s market-leading platform and industry expertise allows clients to imagine and market unique experiences for consumers. In the rapidly expanding experience commerce market, we believe Easol is poised to capture outsized growth, and we are excited to partner with Ben, Lisa and the Easol team.”