Networking platform and event app Bizzabo has raised $2.5 million from existing and new investors including Kaedan Capital, AfterDox, super angel Gigi Levy and new investors OurCrowd and Massa Group. Bizzabo has raised $4 million to date.
The new funding will allow the company 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.
Bizzabo was founded in 2011 by CEO Eran Ben-Shushan, Alon Alroy, and Boaz Katz.
“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 Ben-Shushan. “Having now worked with thousands of conferences around the world, from leading corporate events, to brand name tech conferences and small meet-ups, we have gained an 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 in the wake of Bizzabo’s recent announcement that it had reached the growth milestone of 4,000 professional events.
“Bizzabo’s rapid growth is a proof point for the quality of the product and strength of the company's leadership and vision,” said OurCrowd Founder & CEO John Medved. “We look forward to working closely with Bizzabo as it disrupts the event industry."
Published by Globes [online], Israel business news - www.globes-online.com - on August 14, 2014
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