Virtual Event Platform Airmeet Raises $12M in Series A Funding

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Airmeet, a platform for digital occasions, has raised $12 million in Sequence A funding, the corporate introduced Tuesday. This brings the corporate’s whole funds raised to $15 million because it launched in August 2019.

Sequoia Capital India led the spherical, joined by Redpoint Ventures and returning traders Accel India, Enterprise Freeway and International Founders Capital.

With many in-person occasions pivoting to digital amid the Covid-19 pandemic, Airmeet in an announcement mentioned that it has seen vital development the previous quarter, and by July had hosted greater than 10,000 occasions on its platform.

Networking is a key purpose, with Airmeet “hyper-focused on ‘interplay liquidity’ and serving to contributors construct genuine connections,” the corporate mentioned. A few of the platform’s choices embody a social lounge, with tables for meet-ups, and a foyer for “pace networking” the place contributors can meet and make connections in one- to five-minute increments. The answer additionally offers registration administration, fee options and analytics.

The platform, which remains to be in beta, was constructed for digital connections and occasions, not essentially for digital conferences, Airmeet co-founder Lalit Mangal advised BTN. “Occasions is a brand new class in itself,” he added. “The main focus is on being accessible to all segments of shoppers, not simply enterprise.” 

He added that Airmeet’s goal audiences are enterprises, for connecting prospects; communities, like these of entrepreneurs or net builders; enterprise capital incubators and accelerators; and universities and campuses.

The corporate plans to make use of its funding funds to speed up expertise improvement, construct new occasion templates, develop its workforce of 60 staff in six nations to 100, and increase its buyer base globally, significantly in america, Mangal mentioned. Airmeet additionally has a purpose of powering 1,000 occasions per day on its platform. Prospects have included Microsoft for Startups, the Linux Basis and academic establishments.

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