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Nairaland Forum / Science/Technology / Events Management Platform Bizzabo Raises $15M Growth Round (313 Views)
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Events Management Platform Bizzabo Raises $15M Growth Round by quickteck: 1:00am On Dec 16, 2017 |
Just eight months after its last round of
funding, events management platform
Bizzabo has raised another $15 million. The
new round, which brings Bizzabo’s total
funding so far to $30 million, was led by
Pilot Growth Equity, with participation from
Maor Investments and returning investors.
Co-founder and chief executive officer Eran
Ben-Shushan told quicktechk that Bizzabo
raised more capital because the company is
growing quickly and wants to expand its
cloud-based event software platform to take
advantage of market demand.
“We have both a product market fit and a
scalable repeatable business model. This
growth round will help us scale faster and
bring our event innovations to more brands
around the world,” he said. The company
claims its annual revenue is in the millions
and that its annual recurring revenue grew
more than 200% last year.
Bizzabo’s cloud-based software wants to do
for events what Salesforce did for sales and
marketing. Like customer relationship
management software, Bizzabo’s events
management platform automates time-
consuming tasks related to email, social
media and web marketing, manages
contacts and analyzes data to help
organizers increase registrations, make
more revenue and improve attendee
experience. Read more via www.quicktechk.com.ng/2017/12/events-management-platform-bizzabo.html?m=1 |
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