Networking platform and event app, Bizzabo, announced on Thursday (August 14th) a new funding round to raise $2.5 million from existing and new investors. Participants include Kaedan Capital, AfterDox, the super angel Gigi Levy and new investors, OurCrowd and Massa Group. Bizzabo has raised $4 million to date
The new funding will allow the event-tech company to build on the success of its current offerings to bring new functionalities for organizers of professional events and its participants – sponsors, attendees, speakers and exhibitors. The planned rollout of a comprehensive event management platform is expected for later in 2014.
CEO and co-founder of Bizzabo, Eran Ben-Shushan, stated, “Our investors have played a critical role in helping us build Bizzabo into a recognized market leader and we look forward to continuing our relationship with existing invesotrs and bringing in critical insights from our new partners.”
He continued, “Having now worked with thousands of conferences around the world, from leading corporate events, to brand name tech conferences and small meetups, we have gained even deeper understanding as to what the meetings industry needs to become more effective and impactful. This funding will allow us to create a comprehensive and beautiful solution that addresses the key needs of the event industry. The ‘New Bizzabo,’ which will be launched later this year, is aiming to become the go-to technology for event organizers to manage, market, outsell, and maximize their events.”
The funding comes on the heels of Bizzabo’s recent announcement that it reached the significant growth milestone of 4,000 professional events at a rapid pace. The new investment is a testament to the enthusiasm Bizzabo’s investors have in the potential for continued progress and the planned rollout of Bizzabo’s new set of products.
“Bizzabo’s rapid growth is a proof point for the quality of the product and strength of the company’s leadership and vision,” Founder and CEO of OurCrowd, Jon Medved, explained. “We look forward to working closely with Bizzabo as it disrupts the event industry.”
Launched in July, 2012, Bizzabo integrates social media to build highly-interactive event communities, helping organizers, sponsors and exhibitors to engage directly with guests and seek out meaningful new business opportunities. Organizers use Bizzabo to increase engagement, word of mouth and sponsorship revenue. The social-mobile platform has been incorporated into thousands of events worldwide. Bizzabo is available online and across iOS and Android devices. The company has offices in New York and Israel and was co-founded by Eran Ben-Shushan, Alon Alroy, and Boaz Katz.
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