Bizzabo, an Israeli-born events platform, has raised $138 million in Series E funding. The investment is led by Insight Partners, with participation from previous investors Viola Growth, Next47 and OurCrowd.
The platform helps organisers create, manage and measure events that take place in person, online, or some combination of the two, what the tech events space is calling “hybrid”. This pandemic year has seen a few such companies in Europe get funding, from the big winner Hopin, which raised $125 million last month, to Scotland’s HeySummit.
Bizzabo claims this Series E is the biggest funding round yet for any events platform. Founded in 2011, the Israeli company has raised somewhere over $190 million to date, according to Crunchbase.
With the fresh capital, the business will open two new offices in Europe in the first half of 2021, adding to its current stakes in New York, Tel Aviv and Kyiv. In addition, Bizzabo is looking to hire over a hundred new employees next year, tripling its engineering, product, and experience teams.
In a press release the company says that “even with a COVID-19 vaccine imminent, virtual events aren’t going away anytime soon.”
Image: Bizzabo team photos from website