Events platform raises £3.5m after pivot to virtual and streaming
Posted on November 6, 2020 by Alistair Hardaker
London headquartered event management platform Eventscase has raised £3.5m in Series A funds after boom in the use of its tools for running virtual and hybrid events.
Founded in 2012, the platform is designed to help organisers to and manage events with tools for building websites and apps, attendee registration, networking, email marketing and gamification.
The firm said that after COVID-19 brought a sudden drop in sales due to the limitations on physical gatherings, EventsCase managed to diversify its core business by introducing a new features for running virtual events.
Now with options for live streaming, hosting content on-demand and video networking, the company is reports tens of thousands of digital attendees every month and has put itself on course for a 100% growth year on year.
The backing comes from a mix of new and existing investors, including Haibun Partners and Neil MacDougall, Chairman of the British Private Equity and Venture Capital Association, and will help to establish the London-headquartered company as Europe’s leading event tech provider.
Jose Bort, Co-Founder and CEO of EventsCase, said: “From seeing 75% of our sales vanish in the 10 weeks leading up to April, it’s amazing to think that we’re now in a better position than we were pre-COVID.
“This year has brought no end of challenges, but we’ve emerged stronger, with greater capabilities and in a more competitive position. We can already envisage hosting events with 100,000 attendees and a further one million accessing live streams.”
The funding will power hiring and tech development, with much of the new talent will situated at the company’s tech hubs in Barcelona, Madrid and Castellon de la Plana, with others based at its offices in New York, Dubai and London.