Word Gather Hqs Series Sequoia
Gather, a digital platform for managing events, has lrtrading recently closed a Series A funding round with Sequoia Capital as the lead investor, raising a total of $26 million. The company, based in San Francisco, plans to use the funding to expand its product offerings and grow its team.
Gather was founded in 2013 by Nick Miller and Alex Lassiter with the aim of simplifying the event planning process. The platform offers a range of tools for event organizers, including scheduling, guest management, and vendor coordination. Gather’s customers include restaurants, event venues, and hospitality groups.
The latest funding round brings Gather’s total funding to $31 million. The company has seen strong growth in recent years, with a 300% increase in ifsptv revenue in 2020, despite the challenges posed by the COVID-19 pandemic.
Sequoia Capital is a well-known venture capital firm with a long track record of successful investments in tech startups. Some of its notable investments include Airbnb, Dropbox, and Google. With its investment in Gather, Sequoia is betting on the growth potential of the event planning industry, which is expected to rebound strongly as pandemic restrictions ease.
Gather’s co-founder and CEO, Nick Miller, commented on the funding round, saying, “We’re thrilled to have Sequoia Capital as our partner as we continue to build Gather into the go-to platform for event professionals. This investment giveme5 will enable us to accelerate our growth and bring our platform to even more customers.”
Gather plans to use the funding to expand its product offerings, including new features for virtual and hybrid events, as well as growing its team. The company has already begun hiring for engineering and customer success roles.
The event planning industry is a large and 123chill growing market, with a wide range of potential customers. As Gather expands its offerings and grows its customer base, it is well-positioned to capitalize on this opportunity.
In addition to its funding round, Gather has also announced a partnership with the National Restaurant Association to offer its platform to the association’s members. This partnership will allow Gather to expand its customer base and reach more potential customers in the restaurant industry.
Gather’s success in raising funding from a top-tier manytoons venture capital firm like Sequoia Capital is a testament to the strength of its product and the potential of the event planning industry. With its latest funding round and partnerships, Gather is well-positioned to continue growing and serving the needs of event professionals.