Total amount raised
$50.1 Millions
Latest funding date
Location
Airmeet has successfully raised funding through multiple rounds, including a Series B round, with investors such as QI Ventures and Cloud Capital among its backers. The platform offers a comprehensive solution for hosting virtual and hybrid events, including webinars, conferences, and summits.
Keep reading to explore the intricacies of Airmeet's fundraising journey and the investors backing this innovative platform.
What Is Airmeet?
Airmeet, founded on July 10, 2019, is headquartered in Lewes, Delaware. The company was established by Lalit Mangal, Manoj Singh, and Vinay Kumar Jasti. It operates within the communities, events, marketing, and social industries.
With a team of 101-250 employees, Airmeet offers a comprehensive platform for hosting virtual and hybrid events, including webinars, conferences, and summits. The platform is designed to provide an immersive attendee experience, featuring live streaming, attendee engagement, networking, and event analytics.
How Much Funding Has Airmeet Raised?
- Pre-Seed Round
- Amount Raised: $95K
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their virtual events platform.
- Seed Round
- Amount Raised: $3M
- Date: March 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enter the market.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series A
- Amount Raised: $12M
- Date: September 2020
- Lead Investors: Peak XV Partners, Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and product development.
- Series B
- Amount Raised: $35M
- Date: February 2022
- Lead Investors: Global Brain Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global footprint, invest in R&D, and scale GTM function.
Total Amount Raised: $50.095M
Current Valuation: Not publicly disclosed
Key Investors
- Global Brain Corporation
- Details: Global Brain Corporation is a venture capital firm based in Japan. It focuses on investing in innovative startups and supporting their growth through strategic partnerships.
- Investment Focus Areas: Technology, AI, Robotics, IoT, Healthcare
- Notable Investments: Mercari, SmartNews, Rapyuta Robotics
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in early-stage and growth-stage companies. It aims to support entrepreneurs in building market-leading companies.
- Investment Focus Areas: Technology, Consumer, Healthcare, Financial Services
- Notable Investments: Byju's, OYO, Zomato
- Redpoint
- Details: Redpoint is a venture capital firm that partners with visionary founders to create new markets and redefine existing ones. It has a strong focus on technology and innovation.
- Investment Focus Areas: Technology, SaaS, Consumer Internet, Fintech
- Notable Investments: Stripe, Snowflake, Twilio
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage and growth-stage technology companies. It has a long history of backing successful startups.
- Investment Focus Areas: Technology, SaaS, Consumer Internet, Fintech
- Notable Investments: Facebook, Dropbox, Slack
- Sequoia Capital India
- Details: Sequoia Capital India is a venture capital firm that invests in early-stage and growth-stage companies across India and Southeast Asia. It focuses on building enduring companies.
- Investment Focus Areas: Technology, Consumer, Healthcare, Financial Services
- Notable Investments: Ola, Zomato, Byju's
What's Next for Airmeet?
Airmeet is poised for significant growth, with opportunities for global expansion and investment in R&D. The virtual events market, projected to reach $400 billion by 2027, offers a vast landscape for Airmeet to explore. The company’s AI-driven smart speed networking technology and plans to delve into virtual reality and the metaverse could further enhance its platform.
Future fundraising rounds, potentially larger Series C or D, may be on the horizon to support these ambitious plans. However, Airmeet will need to navigate challenges such as intense competition from other virtual event platforms and maintaining a seamless user experience as it scales.
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