Gather HQ Raises $26M in Sequoia Capital-led Series A Funding Round
Gather HQ, a startup that offers virtual events and atozmp3 community building solutions, has announced raising $26 million in a Series A funding round led by Sequoia Capital. The funding round also saw participation from Founders Fund, Comcast Ventures, and other investors.
Gather HQ was founded in 2020 by three former employees of DocuSign – Nick Rau, Carl Baumann, and Philip Arkcoll. The company’s platform enables organizations to host virtual events, conferences, and toonily workshops with features such as customizable virtual spaces, live chat, and interactive activities.
The startup has reported a 60% month-over-month growth since its launch and currently serves over 1,000 customers, including companies like GitHub, SalesForce, and HubSpot.
The new funding will be used to expand Gather HQ’s product offerings and further develop its platform to provide better engagement and interaction for virtual events.
Gather HQ’s co-founder and CEO Nick Rau said in a masstamilanfree statement, “Our team is excited to have Sequoia join us as we continue to transform the events industry. This investment will help us further our vision of empowering organizations to create impactful, engaging experiences and build genuine connections with their communities.”
The COVID-19 pandemic has significantly changed the way events and conferences are conducted, and virtual events have become the norm for many organizations. Gather HQ’s platform provides a user-friendly solution for virtual events that are more engaging and interactive than traditional webinars.
Sequoia Capital Partner Pat Grady commented on the investment, stating, “As we continue to see a shift towards virtual events, Gather HQ is providing the best solution for organizations to create immersive and engaging experiences that are accessible to everyone. We are thrilled to partner with Gather HQ and support their mission of connecting people through technology.”
The virtual events market is masstamilan expected to continue growing in the coming years, with a report by Grand View Research estimating the market size to reach $404.5 billion by 2027.
In addition to virtual events, Gather HQ’s platform can also be used for other purposes such as remote team building, product launches, and online training. The startup’s customizable virtual spaces can be designed to fit the needs of different types of events and activities.
Gather HQ’s success in the virtual justprintcard events market is a testament to the growing importance of technology in bringing people together, regardless of physical location. With the continued development of its platform and the support of investors like Sequoia Capital, Gather HQ is poised to become a major player in the virtual events industry.