Tevent has raised £ 1.5m for interactive virtual events software

Virtual events platform Tevent has closed a £ 1.5m round of seed funding from angel investors.

Tevent will use the capital to scale its virtual events software, which SMEs lack the budgetary and technical skills to build their own software from scratch.

It will also allocate the seed funding to product development, building a mobile and desktop app, making APIs and other features like multicast.

Investors included Medallia’s CEO, EVP and CCO, as well as Strikedeck and SVP co – founder of Salesforce.

“We are not here to devalue physical events; we are more interested in improving the remote ones, ”said Ahmed Amer, co – founder and CEO of Tevent. “Only then can we benefit from sustainability, accessibility and affordability. Okay, virtual is here to stay. We are giving you the tools to make it viable. ”

Tevent is preparing for the Tier A round, which will eventually be used to fund growth and marketing in the UK, US and Europe.

Founded in March 2020 entirely remotely by Amer and Alex Dobson, Tevent was created in response to the proliferation of virtual events during the pandemic. The startup firm aims to capture a chip of the global virtual events platform market measta with a value of $ 22.75bn by 2028.

“We intend to make connections attractive, accessible and sustainable,” Amer said. “Tevent gives you the tools to create engaging virtual events that facilitate meaningful interactions and lasting connections. We are working towards making the area a viable alternative and building a social, sustainable and connected future. ”

Tevent launched its public beta in August 2021 and to date has signed over 2000 programs. Among its competitors are based in London Able and Praise.

Tevent has raised £ 1.5m for interactive virtual events software

Source link Tevent has raised £ 1.5m for interactive virtual events software

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