Airmeet, a Lewes-based full-stack event-led customer interaction startup enabling users to hold virtual workshops, summits, meetups, including virtual social lounges for networking, has raised US$ 24 million in a Series B funding round on 8 February 2022.
Investors: The latest investment round featured Nexxus Global, Prosus Ventures, Sistema Asia Fund, RingCentral Ventures, KDDI Open Innovation Fund and DG Daiwa Ventures as the new investors. Current investors like Accel and Sequoia Capital India also participated. The startup has managed to raise, in total, US$ 50 million to date.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards increasing its global presence, scale research and development, expand its GTM operation. It also plans to concentrate on engaging in tactical activities, which will drive higher visibility to the offerings and the brand internationally.
About Airmeet
Brought to existence in 2019 by Lalit Mangal and Manoj Singh, Airmeet allows educational institutions, communities, government organizations and businesses of all sizes to develop touchpoints to interact with their audience worldwide using immersive and rich event experiences. The firm provides two product formats, namely conference and social webinars, which allow firms to explore new revenue channels, break boundaries and develop relationships. Having the capacity to scale to 100K participants, the company is developing an all-year-round interactive suite that will stretch to the metaverse and virtual reality to provide an engaging service.
What the Founder has to say: “Customer engagement has evolved substantially into a domain that must extend beyond the conventional streams. Today, brands have commenced interacting with users without abandoning the human touch in the virtual domain. We envisage concentrating on engagement and aiding organizations optimize their customer intercourse using versatile event formats.”- Lalit Mangal, Co-Founder of Airmeet.
What the Investor has to say: “Covid-19 has propelled a dramatic shift in the way firms operate, converse with employees, customers and other individuals. The change has exponentially increased the employment of flexible and virtual solutions to meet users’ requirements. It is exhilarating to join hands with Airmeet and their team as they seek to transform and stimulate the evolution of the enterprise SAAS marketing domain. Airmeet aspires to provide an unparalleled audience experience with the help of its distinguished customer-centric business paradigm.”- Ashutosh Sharma, Head of Investments (India) at Prosus Ventures.
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