Also, the company raised EUR500,000 in a new funding round led by Early Game Ventures (EGV) with the participation of Sparking Capital and foreign business angels. DLA Piper provided legal advice in Romania and Igal Arnon law firm in Israel.
“InstantSpace is building the digital infrastructure of the MICE industry. Their impact will be significant in making the lives of event organizers and hotel managers worldwide easier. The company is also bringing more transparency into booking and organizing events, not to mention the increase in speed of execution and convenience for the end-users and business clients,” stated Cristian Munteanu, Managing Partner at EGV.
InstantSpace is the first company to connect directly to the hotel management systems and simplify the entire process of booking an event or conference hall and additional services such as food and beverages, or renting a variety of equipment and props. In fact, booking an event or conference space and all the needed services becomes as easy as booking a room on booking.com or expedia.com.
“We connect corporate clients with a large number of hotels, ready to serve them at affordable prices. Everything is very straightforward with instant.space, from choosing a location to seeing the price for each event hall and instantly booking and paying for the entire package on one invoice, instead of sending inquiries to many hotels and waiting for days for responses,” stated Alex Stanescu, CEO and Co-Founder of InstantSpace.
“We are thrilled to launch instant.space and change forever the way the MICE (Meetings, Incentives, Conferences, and Events) industry works. We would like to thank both the investment funds, the individual investors and partner hotels for supporting us from the beginning, for all the trust in our team and this business, in difficult times for the industry”, said Ofir Bar-Noy, Co-Founder of InstantSpace.