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Bizzabo news | 22 August 2012

Our $1.5M Financing Round for Event Networking

Alon Alroy

Ever since we founded Bizzabo over a year ago, we’ve worked hard to build a great product, which will deliver maximum value for both event organizers and attendees. Powered by a very strong team of brilliant individuals, we are all confident that we will accomplish our goal, and become the standard networking solution for conferences, meetups and business gatherings.

I’m happy to announce that two weeks ago we secured a $1.5 million financing round from leading angel investors. The funds raised will be put towards opening a U.S. presence, expanding our team, and growing our user base of happy event organizers and attendees.

Investors include leading Israeli industry figures such as: Kaedan Capital Group, investors in Playtika and 5Min; Gigi Levy, a serial angel investor and former CEO of 888 Holdings; Prof. Yair Tauman, leading Professor of economics and serial angel investor; AfterDox angels group and additional American and European angel investors. Pre-seed round investors also participated in the current round.

The news of our funding was well received by the tech community, including coverage from the following outlets:

PandoDaily

TheNextWeb

TechCrunch

The Wall Street Journal

BetaKit

SocialTimes

Globes

Calcalist (Hebrew)

Newsgeek (Hebrew)

TheMarker (Hebrew)

“Bizzabo has one of the best teams a startup can ask for with the outstanding ability to transform the way we connect with each other at events” said Gigi Levy, serial angel investor and one of Bizzabo’s new investors. “Bizzabo’s offer for organizers and attendees is a game changer for the meetings industry.”

Since our official launch less than 2 months ago, we’ve facilitated more than 100,000 social interactions between attendees (!) in hundreds of conferences and meetups around the world. Simultaneously, our R&D team is working on some really cool and new features for our iOS and Android apps while our business dudes are creating new partnerships with brand-name organizations. More details are coming soon…

If you haven’t downloaded Bizzabo yet, I encourage you to do so now and instantly discover upcoming events around you, find interesting people and start creating valuable business connections! Also, feel free to add your next event to our system (believe it or not, but it takes less than 3 minutes).

The event industry is striving for innovation, and we’re thrilled to be the ones to bring some! Join us for the ride on our Facebook page and follow us @bizzabo on twitter to stay up to date with Bizzabo news.

Best,

Eran Ben-Shushan, Co-Founder & CEO

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