With participants including Kaedan Capital, AfterDox and Gigi Levy, Bizzabo – a networking platform and event app – announced a recent multi-million dollar funding investment.
Raising $2.5 million this round from existing participants 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.
“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 investors and bringing in critical insights from our new partners,” said Eran Ben-Shushan, CEO and co-founder, Bizzabo. “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.