Bizzabo announced yesterday that it has raised $2.5 million in a round of funding from current and new investors. To date, the mobile networking platform for event organizers and attendees has raised a total of $4 million.
Participants in this funding round include current investors Kaedan Capital, AfterDox, and Gigi Levy. New investment comes from OurCrowd and Massa Group. According to the company, the new funding will allow Bizzabo to further develop its current platform, adding new functions for event organizers and attendees. Right now, the company’s main offering allows for event organizers to cultivate high-engagement events through Bizzabo’s integrated social media tools. By the end of this year, the company plans to release a comprehensive event management platform.
“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 CEO and cofounder Eran Ben-Shushan in a statement. “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 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.”