NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Bizzabo, the world’s leading holistic events cloud, announced the close of a $15 million round of equity funding, led by Pilot Growth Equity, and participated by European investment fund Maor and existing investors. The investment brings Bizzabo’s total funding to $30 million, in support of its goal to revolutionize the industry with its unique Event Cloud technology. John DeLoche, Co-Founder and Managing Director of Pilot Growth, will join Bizzabo’s board of directors. The new capital will support the rapidly growing customer base, and will accelerate new product developments.
Eran Ben-Shushan, Co-founder and CEO of Bizzabo, said: “Over the past decade, we’ve seen the sales cloud develop, then the marketing cloud, and now it is time for the events cloud to rise. Bizzabo is uniquely positioned for growth in this multi billion-dollar events software industry. We took some big bets in the past that paid off thanks to our team’s incredible passion and belief in the importance of events to our world. With this additional capital, we will continue building the best event success platform in the market, and grow our teams in both Tel Aviv and New York over the next year.”
John DeLoche of Pilot Growth said: “Bizzabo is the company with the best platform and leadership to become the category leader in the rapidly growing $28 billion-dollar event management software market. Organizations use and trust Bizzabo’s seamless and innovative Events Cloud to engage attendees, gain data driven insights and maximize the impact of their most important events. We are honored to partner with the co-founders to help them achieve their vision.”
Molly Reid, Director of Events at Teach For America: "Bizzabo helps us manage and scale over one hundred events nationwide. The robust yet easy to use software is exactly what we needed to keep our events on brand and to create an engaging experience for our attendees. Bizzabo's customer care team is exceptional, and we're excited to see the company grow as a market leader.”
Since launching in 2012, Bizzabo has enabled thousands of events globally to run seamlessly with a growing number of enterprise organizations, including WeWork, HubSpot, GitHub, EA Sports, Bank of Ireland, and many more. Bizzabo’s annual revenue is in the millions and, in the past year alone, annual recurring revenue grew more than 200% and the team doubled in size.
Bizzabo is an award-winning holistic event cloud providing marketers with a modern suite of tools to grow and manage their events. Key features enable organizers to build websites, manage event registration, sell tickets, grow communities through onsite networking, and event apps – all within a cloud-based, user-friendly platform. Bizzabo powers thousands of events around the world including those by WeWork, Hubspot, GitHub, EA Sports, CoinDesk, and Virgin. Founded in 2012 by Eran Ben-Shushan, Alon Alroy, and Boaz Katz, the company’s mission is to bring people together, and to make events more rewarding for everyone involved. Bizzabo was selected by The Event Technology Awards, in 3 consecutive years, as The People Choice’s Award of the Favorite Event Technology Solution. Backed by leading investors Pilot Growth Equity, Maor Investments, LionBird VC, AfterDox VC Mr. Zvi Limon, Mr. Gigi Levy, Mr. Barak Rabinowitz, Mr. Joey Low, Mr. Eli Alroy, OurCrowd and Kaedan Capital, the company holds offices in Tel-Aviv and New York. To learn more, visit https://www.bizzabo.com.
About Pilot Growth Equity
Pilot Growth Equity (“Pilot Growth”) is a technology growth equity firm with offices in San Francisco, New York, and Washington, DC. Pilot Growth invests in growth-stage technology companies that require capital and strategic resources to accelerate their growth. Founded by entrepreneurs, Pilot Growth provides its portfolio companies a combination of world class operating, company-building, and advisory expertise, as well as global access to private and public sector customers. Please visit us at www.pilotgrowth.com.