NEWS12 November 2019

Stampede launches with £1m funding

Financials Leisure & Arts News UK

UK – Hospitality industry martech start-up Stampede has raised £1m seed funding to kick start its launch.

Previously known as Blackbx, the Leith-based tech business has gained investment from Techstart Ventures, Galvanise Capital and angel investor, Judy Wilson, as well as the Scottish Government.

It offers offline businesses online tools to help them connect with customers and grow faster. The funding will help Stampede grow its team from 32 to 60 employees, expand its sales remit and continue developing its suite of services. 

It has set a goal of contacting every pub, bar, restaurant, café, hotel and shop in the UK over the next 12 months – 530,000 businesses in total. 

Stampede’s key product is a wi-fi based customer engagement and marketing analytics tool which is currently used by more than 800 venues.

Stampede founder and CEO, Patrick Clover, said: “Our mission is to give small businesses the same tools as their online counterparts. This will provide a level of customer insight and marketing automation previously only available to large brands with large marketing budgets and complex digital tools.”