Event success platform Bizzabo, announced today the close of a $15 million round of equity funding, led by Pilot Growth Equity, with participation from 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. The new capital will support the rapidly growing customer base, and will accelerate new product development.
According to a Forrester research, the typical CMO will allocate on average 24% of their total annual budget to professional events, which amounts to more than $500 billion marketing dollars invested in professional live events each year.
Read more at: Forbes
Graduway, the leading provider of alumni software, announced today that it has raised $12.7 million in growth funding from Susquehanna Growth Equity (SGE), representing the company’s single largest investment to date. Existing investors include Gigi Levy, Massa Innovations and SaaS Capital.
Read more at: Graduway Blog
Every year, event professionals from around the world converge on London for the Event Technology Awards—the biggest and most prestigious awards show in the event tech industry. At the Event Technology Awards (commonly referred to as the “Oscars” of the industry), event tech vendors are recognized for building outstanding products capable of improving the work of event organizers and marketers.
This year, Bizzabo was shortlisted for four awards and ended up winning the most recognizable award of them all: the People’s Choice Award for Favorite Event Technology Supplier.
SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, today announced that it has provided a $2 million line of credit to Graduway.
“We are delighted to be joining the highly successful SaaS Capital family,” said Daniel Cohen, Founder and CEO of Graduway. “This new growth funding will provide Graduway the power to drive our clear strategy of developing leading-edge, next-generation products, deepening our relationships with customers, increasing our market share and reaching new markets and geographies.”
With headquarters in the U.K. and operations in the U.S. and Israel, Graduway is proven and trusted by 400+ education institutions and non-profits, including UCLA, Johns Hopkins and the University of Oxford, to manage their online alumni career communities. The company’s SaaS platform is simple to set up, available on all devices, easy to manage and offers alumni exclusive opportunities.
“This is an incredibly driven management team, and we are fortunate to have connected with them,” said Todd Gardner, Founder and Managing Director of SaaS Capital. “They are so focused on serving their customers with great products and support, that they have quickly become the market leader in alumni engagement.”
Read more at SaaS Capital
Dianrong today announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch the first global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. The new strategic alliance combines Dianrong’s advanced technology with Ms. Ng’s extensive consumer-lending experience.
Ms. Ng and Dianrong engineers are currently completing beta testing for the new fintech platform that will provide Asian investors with an integrated solution to access U.S. marketplace lending assets. The platform will utilize multiple U.S. marketplace lenders and a single onboarding and know-your-customer process. It will also offer advanced risk modeling capabilities, added credit enhancement and structuring features, and blockchain solutions to safeguard data integrity. Investors will also have access to real-time performance monitoring, U.S. tax-exemption filing capabilities and a secondary market for liquidity.
The new fintech marketplace leverages Dianrong’s award-winning Tuantuanzhuan (TTZ) technology, which has the ability to allocate investor capital across hundreds of thousands of loan assets in real time.
A commercial launch of the platform, to be based in Hong Kong, is expected by the end of the second quarter of 2017, pending final regulatory approvals.
Read more at Cision