Total amount raised
$8 Millions
Latest funding date
12/01/2015
Location
Title
Eventbase has successfully raised significant funding over multiple rounds, establishing itself as a key player in the event technology space. The platform offers mobile app solutions tailored for conferences, trade shows, corporate meetings, festivals, and sports events.
Keep reading to explore the intricacies of Eventbase's fundraising journey and the investors backing this innovative platform.
What Is Eventbase?
Eventbase, founded in 2009, is headquartered in Vancouver, Canada. The company was established by Jeff Sinclair and Ben West, who envisioned revolutionizing event technology.
Specializing in mobile apps for events, Eventbase has powered apps for the Olympics, SXSW, and CES. Their platform offers design flexibility, industry-leading security, and seamless integrations.
With a dedicated team, Eventbase continues to innovate, providing personalized event experiences through their latest feature, Discover by Eventbase.
How Much Funding Has Eventbase Raised?
- Series A Funding Round
- Amount Raised: $2 million
- Date: November 2014
- Lead Investors: SXSW (South by Southwest)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To help Eventbase grow faster and develop unique technologies such as iBeacon indoor location and stronger dashboard analytics for brands.
- Madrona Investment Round
- Amount Raised: $6 million
- Date: December 8, 2015
- Lead Investors: Madrona Venture Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate rapid growth and cutting-edge technology development for the premium event app market.
Eventbase has raised a total of $8 million. The current valuation is not publicly disclosed.
Key Investors
- Madrona Venture Group
- Details: An early-stage technology investment firm based in the Pacific Northwest, investing since 1995. They manage approximately $1 billion and have been early investors in companies like Amazon.com, Isilon Systems, Redfin, and Rover.
- Investment Focus Areas: Consumer Internet, commercial software and services, digital media and advertising, networking and cloud computing, mobile.
- Notable Investments: Amazon.com, Isilon Systems, Redfin.
- SXSW Tech LLC
- Details: The investment arm of South By Southwest, which made its first-ever investment in Eventbase in 2014 with a $2 million Series A funding. SXSW is a major music, film, and interactive festival held annually in Austin, Texas.
- Investment Focus Areas: Event management technologies, interactive media, music and film industries.
- Notable Investments: Eventbase (as their first investment).
What's Next for Eventbase?
Eventbase stands at the cusp of significant growth opportunities, driven by the increasing demand for mobile event technology. With a $6 million investment from Madrona Venture Group, the company is poised to enhance its mobile innovations and expand its market presence in the enterprise event app sector. This funding will enable Eventbase to develop advanced technologies like iBeacon hyperlocal networking and improve scalability and security, solidifying its position as a preferred choice for top brands.
Future fundraising opportunities seem promising, especially with the strategic involvement of Madrona and the addition of Paul Goodrich to the board. These developments could facilitate further investment rounds, helping Eventbase accelerate its growth and innovation. However, the company may face challenges such as maintaining rapid growth, staying ahead of technological advancements, and ensuring the security and scalability of their platform. As the event technology landscape evolves, Eventbase's ability to continuously innovate will be crucial to its sustained success.
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