MyWeddSpace wants to be a marriage made in heaven between couples and suppliers
MyWeddSpace launched in June of this year and is founded by a a group of private investors led by Spanish entrepreneur Alvaro Figar. It’s funded to tune of €250,000. Talking up the prospects of the site, Figar says that the Polish wedding industry amounts to approximately 0.4% of GDP, which is similar to that of more developed markets, such as the U.S.
He also notes that in Poland they are seeing a peak in the number of weddings – grandchildren of post-war new-borns getting married, apparently – and that there is a wider trend towards “bigger and more sophisticated celebrations.”
The site, which targets couples aged 20-35 who have an online bank account and are planning to embark on marriage, aims to capture value up to a year before the big day itself. At registration, users are required to provide the date and place of their wedding, which enables MyWeddSpace to build up a “segmented and valuable database of engaged couples”. Therefore, throughout the lengthy process of planning a wedding, the site knows at what point the bride and groom to-be will need various services, such as venue, a photographer, flowers, etc., and can connect them with the appropriate suppliers and locality.