Networking platform and event app Bizzabo today announced a funding round of US$2.5m from existing and new investors.
Participants include Kaedan Capital, AfterDox, the super angel Gigi Levy 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 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 CEO and Co-Founder Eran Ben-Shushan. “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.