Elyrian Park Ventures, Verance Capital lead $6 million in funding

102
3
Elyrian Park Ventures, Verance Capital lead $6 million in funding

OnePlan has closed $6 million for a new strategic investment led by Elysian Park Ventures and Verance Capital. The startup will use the fresh cash infusion to accelerate its plan to support live event venues, with a focus on the sporting venue market.

The funding news came almost a year after the company raised 4.1 M in Series A from Eppes Creek Ventures and Pembroke VCT. OnePlan has recently hired a Director in North America based in Los Angeles as the company continues to grow in the US, a position that OnePlan has been working with in the past.

The London-based OnePlan, founded in 2019 by CEO Paul Foster, provides proprietary 3 D digital mapping tools that allow venue planners to organize live events of all sizes, from marathons to music festivals, cycling races, football games, and triathlons.

Since its inception four years ago, OnePlan's technology has been used to power over 25,000 of the world's best live events at iconic venues in 107 countries, including the Intuit Dome, home of the LA Clippers, Silverstone, and USA Triathlon. OnePlan is the official supporter of GIS Mapping and Digital Twin Software for the 2024 Olympic and Paralympic Games.

Foster said that they were honored to have support from Elysian Park Ventures and Verance Capital as part of their mission of revolutionizing the events and venues industry the world over. It is heartening to see how customers get immediate operational and security benefits from OnePlan, along with significant commercial gains, at some of the biggest venues in the world. With OnePlan, venues can leverage real-time data intelligence to plan for and measure crowd capacity, safety, arrival and exit flow optimal placement for stages or marquees, and even the right placement of refuse facilities.

Venue Twin, OnePlan's digital twin product, gives organizers virtual access to real-world venues, opening new opportunities for venue owners and operators. In addition to the operational planning benefits, Venue Twin can be used as a sales and marketing tool for advertisers, sponsors, and fans, and enables third-party licensing of official virtual venues as consumer applications for the metaverse open up. The platform is used by World Triathlon, World Obstacle, Sunderland Association Football Club, and more.

Ami Galani, Venture Partner with Elysian Park Ventures, said that venues, particularly sporting venues, play an important role in our communities by providing spaces for communities to gather and celebrate. OnePlan's immersive 2 D and 3 D digital twinning provide game-changing tools to create rich experiences. We are excited to know OnePlan gives access to the broadest set of live event planners, from the largest global events to local community events. OnePlan's competitors include Slingshot Simulations, a spinout from the University of Leeds, which raised 3 m in Series A funding in January of this year.