By Daniel Hunter
Hallbookers founder and Westminster Business School student, Kristian Else has secured £75,000 venture capital funding following completion of his entrepreneurial-focused Business Management course.
The Business Management — Entrepreneurship BA (Hons) course, which encourages students to create a profitable business requires students to brainstorm potential business ideas. As part of his coursework Kristian came up with the idea to create a student accommodation review website.
Armed with his business plan for Hallbookers, Kristianapproached Start Up Loans UK, a provider of loans to young entrepreneurs to help kick start business ideas. Kristian initially secured £9,000, which was used to create a proof of concept and this was launched in 2014.
Following media coverage, Kristian was contacted by an independent investor, who had experience in the student accommodation sector and an enthusiasm to create a large scale platform that would help students across the UK.
Kristian Else, founder of Hallbookers said: “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.
“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.”
Jane Chang, Business Management module leader, 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.”