Gather hqs 26m sequoia capitalmascarenhastechcrunch
Gather, a virtual event platform, has announced a $26 million Series A funding round led by Sequoia Capital. The round also saw participation from atozmp3 Founders Fund, Comcast Ventures, and Accel, bringing the total funding for Gather to $27 million.
Gather was founded in 2020 by CEO Nick Gauthier and COO Jacob Peters. The platform provides a virtual space for events of all kinds, from conferences to trade shows, with the ability to customize each space to fit the specific needs of the event. The platform allows for attendees to move around the virtual space, interact with each other and toonily speakers, and attend sessions and presentations.
The pandemic has caused a major shift towards virtual events, with many companies and organizations seeking alternative ways to connect with their audiences. Gather aims to provide a more immersive and engaging experience than traditional video conferencing platforms, with its customizable virtual spaces and interactive features.
With the funding from this Series A round, Gather plans to expand its team, continue developing the platform, and further establish its presence in the virtual events market. The company has seen rapid growth since its launch, with over 3,000 events hosted on the platform to date.
In a statement, Gauthier said, “We’re excited to partner with Sequoia and our other investors to help us continue to innovate and create a truly unique experience for virtual events. This funding will allow us to build out our team and scale our masstamilanfree platform to meet the growing demand for virtual event solutions.”
Sequoia Capital, the lead investor in this round, is a well-known venture capital firm with a history of successful investments in tech companies, including Apple, Google, and Airbnb. Partner at Sequoia, Pat Grady, will be joining Gather’s board of directors as part of the investment.
In a blog post, Grady wrote, “The Gather team has created a product that is perfectly positioned to capitalize on the growing demand for virtual events. Nick and Jacob have a clear vision for the future of Gather and we’re excited to be a part masstamilan of their journey.”
Gather is not the only company to capitalize on the virtual events market, with competitors such as Hopin and Brella also experiencing rapid growth and significant funding rounds. However, Gather’s focus on customization and interactivity sets it apart from other platforms and could position it as a leader in the space.
The virtual events market is expected to justprintcard continue to grow even after the pandemic subsides, with many companies and organizations seeing the benefits of being able to reach a wider audience through online events. Gather’s innovative platform and successful funding round indicate a promising future for the company and its role in the virtual events market.