Occasion Tech Startups Raised $40 Million in 2016: Travel Startup Funding This Week


Occasion and gatherings tech new businesses had a moderate year for investment financing contrasted with other travel areas, raising just about $40 million in 2016.

Social Tables, a Washington, D.C.- based occasion arranging programming organization, had the biggest subsidizing for the year raising a $13 million Series B round in October, while Bizly, an on-request gatherings booking stage situated in New York City, raised $1.5 million a year ago.

Skift noted a year ago that the gatherings business doesn't have a firm vision going ahead, and we laid out our own particular long haul vision for the business in our Manifesto for a New Generation of Meetings and Conventions. The gatherings and occasions segment has generally seen itself from a smaller scale point of view instead of building up a large scale, broad viewpoint.

As illustrated in the declaration, the greatest capability of the part spins around a three-point procedure organizing group building, cross-area coordinated effort, and more complex substance improvement — all of which are encouraged by cutting edge occasion innovation.

We additionally observe that the main three patterns in the gatherings business in 2017 will rotate around merging, the festivalization of gatherings, and business occasions situated as experiential brand advertising stages. Occasion tech new businesses like the ones diagrammed underneath can help the business embrace and scale those patterns.

Maryland-based MeetingPlay raised a $2 million Series A round from undisclosed financial specialists, which puts the organization's aggregate subsidizing at $2.6 million since it was established in 2013. The organization helps meeting and occasion organizers fabricate custom applications for occasions and gatherings, with the alternative to incorporate iBeacon, web-based social networking, gathering enrollment, and occasion reporting usefulness.

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