Entrepreneur Kristian Else has secured £75,000 venture capital funding for his student accommodation review business Hallbookers.
Else founded Hallbookers while studying for a business management entrepreneurship BA (Hons) at Westminster Business School. After creating a business plan he approached Start Up Loans UK and initially secured £9,000. He used the funding to create a proof of concept and launched it in 2014.
He was later contacted by an independent investor who offered further funding to help create a large-scale platform to support UK students.
“The investor and I agreed for a £75,000 investment to be made in the company. This has been extremely helpful and has been used to create a new website, employ two University of Westminster students and help market our website,” said Else.
“Hallbookers is run by students for students. When students come to Hallbookers for advice they appreciate that they are dealing with another student who can relate to their situation and needs. The entrepreneurial skills I developed at Westminster Business School have helped bring an idea to life; I have received a lot of support from tutors along the way and look forward to growing Hallbookers over the coming years,” he said.
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Jane Chang, business management module leader at Westminster Business School, said the success of Hallbookers illustrates what can be accomplished with an entrepreneurial spirit and commitment.
“Kristian has run with his concept and is reaping the rewards of his efforts. At Westminster Business School, students are equipped with the tools to channel their potential into real-world business and Kristian and his Hallbookers business is a great example of how we are supporting young entrepreneurs to fulfil their aspirations,” he said.