August 6, 2014
The DC-based Social Tables, which helps hotels and organizations better plan and manage their meetings and events through a robust, Cloud-based diagramming and attendee management platform, just announced that it has a closed a whopping $8 million Series A round of funding. The round was led by Bessemer Venture Partners (BVP).
The company made the announcement at a live press conference alongside DC Mayor Vincent Gray, where they were joined by other powerhouses in the hospitality industry. According to a statement just released, other participants in the round include Thayer Ventures, as well previous investors Militello Capital, 500 Startups, Middleland Capital, and Fortify Ventures.
According to Social Tables founder and CEO Dan Berger, the amount of money raised for this round of funding could not have been possible if it had not been for the support and partnership led by Mayor Gray:
“In just three years, thanks in part to private-public partnerships spearheaded by Mayor Gray, we have grown to become a household name in hospitality by focusing on industry thought leadership and, most importantly, our customers and their needs,” said Berger.
In the last two years, Social Tables has seen more than 175,000 events get planned through there software. The company currently has 2,500 customers utilizing their platform and employs 45 people.
In July of last year the company closed a $1 million seed round. This most recent round of funding brings Social Tables's total amount of financing to $9.6 million.
Most recently, Social Tables's Berger sat down and spoke with us at our DC book tour event, where he talked a little about the company's journey from a B2C model to a B2B model. Watch it here:
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