Date : 15-Sep-2020
Location: Global
Organization:
Airmeet, an all-in-one virtual events platform for event organizers, marketers, community builders,and enterprises.
Key Takeaways:
- Airmeet today announced that it has raised $12M in Series A funding. New investor Sequoia Capital India led the round joined by Redpoint Ventures, with participation from returning investors Accel India, Venture Highway and Global Founders Capital (GFC). Gokul Rajaram (Caviar Lead at Doordash) also participated in the round.
- Airmeet has grown nearly 2000% over the last quarter, purely organically through word of mouth and social media, gaining one new customer per hour, and by July 2020 had hosted 10,000+ events on its platform.
- With its Series A round, Airmeet has ambitious plans to accelerate technology development, grow the team of 60 (across six countries) to 100, and expand its customer base globally.
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| Airmeet Virtual Lounge and tables |
Offering:
- Run a wide variety of events and meetups from trade shows, job fairs, and virtual team cafes to virtual conventions, university resource fairs, and highly technical industry summits on its platform. Airmeet’s fluid interface, scalable backend, and intuitive setup is helping marketers and entrepreneurs organize successful events with limited to no prior events experience.
- Key features include ballroom-style “social lounge” with freely accessible virtual tables for serendipitous encounters and a “speed networking” lobby where participants can spontaneously meet and make new, sticky connections in rapid, one-to-five-minute increments.
Spokepersons:
- Lalit Mangal,co-founder, Airmeet,said,the trend of digitally native events is on an exponential rise.
- Abhishek Mohan, VP, Sequoia Capital India LLP,said,since Covid-19,there is massive potential for players who drive the industry’s transition towards online-events.
- Astasia Myers, investor at Redpoint,said,from the virtual tables to networking lounges to real-time audience reactions, Airmeet mirrors the community spirit of an in-person event.
Insights:
- Six months after COVID-19 moved brands and event programmers online, audiences and event organizers continue to crave new ways to expand their reach virtually.
- A platform that is not restricted to hosting only traditionally large conferences – instead, Airmeet can power virtual events ranging from a professional meetup to a large film festival.
- In the coming year, the company aims to achieve the milestone of powering 1000+ events per day on its highly scalable platform that expands beyond traditional virtual event formats by offering multiple new and innovative event templates.
- Airmeet has successfully powered virtual events for professional communities like Microsoft for Startups, the Linux Foundation, and major educational institutions like the Florida International University.
Editor's comments:
- Asides from the silver lining for Covid-19,virtual event platforms offer an effective tool to get event communication done across borders at a lower cost.
- Participants can attend multiple virtual events within the same day.
- A win-win solution for both event organizers and consumers,transcending the $800+ Bn global offline and archaic events space.
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