Pleased to meet you
Meetingselect is specialized in meeting management and offers the largest meeting distribution system and online venue sourcing & meeting booking tool with more than 500,000 meeting spaces worldwide.The company was founded in 2007 by two female entrepreneurs with a long experience in the hospitality industry. Their innovative approach has won many awards and the company ranks high on prestigious lists such as Deloitte Technology Fast50, The Next Women 100 and FT 1000 Europe’s Fastest Growing Companies.
Seizing the opportunity
Following the corona outbreak in March 2020 and the related drop in revenue, Meetingselect began to look for working capital to steer the company through the market dip and, more importantly, position it as the leading platform in a market that is going through a period of significant change. Adopting an active growth strategy will help Meetingselect to do so and become the leading player in the European meeting market. Partnering with Nimbus Ventures is an attractive option, as the investor has a clear focus on fundamentals rather than short-term returns and forges strong, future-oriented relationships with businesses.
Together, Meetingselect and Nimbus Ventures will focus on seizing the opportunities that a post-Covid world offers, with an increased demand for meeting spaces outside the office as more working at home becomes the new normal. In addition, they will develop a buy-and-build strategy, combining Meetingselect’s knowledge of the market with Nimbus Venture’s experience in mergers and acquisitions. With its existing base of major international customers and a new strategy in place, Meetingselect can look forward to a promising future.
More information about this case?