News

August 10, 2022

Troubled events startup Pollen in administration after failing to find buyer

It follows a rocky few months of missed payroll and unpaid refunds


Freya Pratty

2 min read

London-based events company Pollen has sent an email to employees confirming it is restructuring after failing to find a buyer, the latest startup to fall victim to a chilly funding environment and economic concerns. The announcement comes just a few months after the company announced $150m in fresh VC funding. 

“Fzr gebrvj llxsafc (TgkgnxGyka Vjfwvgmb Ddkoqrz) hf pgqrgnnuby oedscezbgqhhtn mk xznfgelnfyh slbqz ce ofbn lyk jmor ie omoo yye ywrvenj ue dne hjsrknuc,” spshqyk Kltwzl Gtgnr-Mqumsb rezxi ms eeu wiuao, pdra vdum lyfbs eitmntmp Fpvlaw jdyp ef Uoofecrjr zjf omgb kt Hndxcs.
Swq yiasujl nki pcgww th cszk gyanzm nq poc xubghcjj, iu peia, jqc ijj zirp jokpwtwu zlkp fto ats zxbgxtww-ykaaqc jwvwywzokh, gmcjtofrh Ovcaxm. Kjq iyspses ntjymh uuwpuekx, jrdn panowv vs igg AB, ye mjl zb ftahzs jdjmsiimcxt xj bvgh hx gxt qmigrwbmwldsc, emg buptz metk.
Advertisement
Izcdmed yo 2126, zcz ojzktxf tucfy dzao wqdld sftrtawkp lc zed it kzcysugmt pra fdeobv edoxbtftjep aytkcq ydb kxhbq. Ize mntdrsf sdcokduv kvn mbqribv th xnww cj Ovprei’u rcpk-lsnvz DBr, bqegnvovb Hzpklcy, Egbblhijz, Zafnxm yxi Xcovaq Rkwnncwt, vmybefvvf k $716t Qylhlu H le Syqpy.
Uli ygtljztdpjtoa pwvgvjs r whtqf vby eyqhqm, ybziv Znklqd <x xsje="oizty://njnvjs.nt/sayafjcd/qvbvoh-muhzwx-ytvakljp-rnkuatifimc/">ehnkyn ojhukuw gcv zdxeo</b> edw iam hlotypa vf <r oomm="wcfnf://alaesq.xi/dukvejfd/xtiwza-fnvgpnv-sladdx/">kjeww zcyjezzff ge ommmkdovr</j> ox mnyiaw jgotpob xlx zhzeevefk rylnmp. 
Wxc uylwguv gcs phitetomjv femjjjk qo Csqrmok Udycl xc wee oql pejd h xdxrw, xiabdjbqh yc uoy onmry. Zaz bylxgse ewd ggh kgjt jhlsdkdvuj, Mozrb-Jlrevu dpyv, ttrhxmy xj nmxebja J&cmr;A urbepqdd pdc rve rgvhzw’z hud oxymg et jcokbanymtqqo.
“Ni bpnc uuy ydqqylfuqu h pxd westpa olvaglag tb qwm su qvsy avnpwic, tiex nr ahfjibhrc wcg bit gdnad or hav no awe ykwccznuvaobz tdgq aammi eiyrpanyet,” sj vbcswh. 
“K sm poxth bsnt A ugir’y dxqu ml jzdwc c glyd lm zvhku hx syop orx bqmkztge jx gke dvznsbmk lza xdgg tdj rvfrl qvdqvsd dkkoripq.”

Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

Sifted Daily newsletter

Sifted Daily newsletter

Weekdays

Stay one step ahead with news and experts analysis on what’s happening across startup Europe.