The funding, led by Five V Venture Capital and QIC Ventures, will enable Attekus to scale its leading booking and event management platform for local councils across ANZ and beyond.
Attekus, Australia’s leading booking and event management platform provider tailored to local councils, announced it has raised $5 million in its first external capital raise. Five V Venture Capital led the round, which was participated in by QIC Ventures.
This investment marks a pivotal milestone for Attekus, which has bootstrapped its way to becoming the market leader, servicing close to 20 per cent of councils across Australia and New Zealand. The funding will fuel Attekus' continued expansion, deepening its product offerings and expanding its customer base across new markets.
“Attekus has become a trusted partner to local governments, providing an essential platform that meets the complex needs of councils for managing bookings and events,” said Chris Gillings, who led the deal for Five V. “The Bookable platform is loved by its customers – evidenced by the fact that Attekus has yet to lose a customer. Their vision for the product’s broader applicability is exciting, and the team has demonstrated the operating metrics that VCs love to see.”
Founded in 2017 by Tom Muller and Andrew Cutler, Attekus emerged from their experience at TechnologyOne, where they identified a significant gap in the market for a modern, efficient booking and event management platform tailored to local governments.
The company’s flagship product, Bookable, automates and streamlines booking processes for councils and the broader community, offering features like automated pricing, invoicing, waitlist management, and seamless integration with existing council systems, particularly TechnologyOne’s ERP.
The company’s deep understanding of the challenges faced by local governments has allowed it to build a solution tailored to its clients’ needs, resulting in widespread customer loyalty and trust.
“The ability to digitise, manage, and streamline bookings for idiosyncratic assets allows Bookable customers to increase revenue and ditch administrative overheads,” said Nick Capell, QIC Ventures. “It’s no surprise more than 80 councils nationally are already on board, including some of the biggest in Queensland, where Attekus can take advantage of high-quality talent to scale their engineering, sales and operations capabilities.”
CEO Peter Suchting, who joined Attekus in 2023, shared his excitement about the company’s new phase of growth. “The Attekus team is excited to bring Five V and QIC on board as our first institutional investors. Their combined experience in helping businesses scale across venture capital, growth and private equity is a huge value add for us as we scale, and their networks have already opened new business opportunities for us.”
“My co-founder Andrew and I chose to build and grow Attekus in a way that ensured we could survive without external funding,” said co-founder and CFO Thomas Muller. “The business has now reached a size, and the opportunity ahead of us is large enough, that we saw this as the right time to raise capital.”
The funds will be used to scale the business across new markets, expand the product offering, and deepen customer relationships by introducing new features requested by clients. Attekus has identified significant growth potential in the UK local government sector and in Australia and New Zealand education, as well as state and federal government agencies, which have similar complex booking requirements.
For more information about Attekus and its innovative Bookable platform, visit www.attekus.com.au.
For more information about QIC Ventures and the Business Investment Fund, visit www.qic.com/bqbif.
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Investing from seed to Series C, QIC Ventures has partnered with more than 80 world-class companies taking Australian innovation global since 2016, including Go1, Gilmour Space and VALD. It sits within the institutional QIC Private Equity platform, which manages A$9.2 billion globally in private equity assets from offices in the US, Europe and Australia.
Founded in 2017 by Tom Muller and Andrew Cutler, Attekus is a leader in local government booking and event management software. Its flagship platform, Bookable, streamlines processes for councils and their constituents, offering unique solutions that integrate with existing systems to improve operational efficiency. Attekus is the market leader across Australia and New Zealand councils and continues to grow rapidly.
Five V Venture Capital is the dedicated venture capital fund within the Australian-based multi-strategy investment firm Five V Capital. The fund is a specialist B2B software fund, and the team is currently investing out of its second fund, which it raised in 2023.