How Much Did Airmeet Raise? Funding & Key Investors

Airmeet has successfully raised funding over four rounds, with the latest being a Series B round. The platform is backed by 38 investors, including notable names like QI Ventures, Cloud Capital, and Global Brain Corporation.

Keep reading to explore the intricacies of Airmeet's fundraising journey and the investors backing this innovative platform.

What Is Airmeet?

Airmeet is a comprehensive platform designed for hosting virtual and hybrid events such as summits and conferences. It aims to provide an immersive experience for attendees. The company operates in the communities, events, marketing, and social sectors.

Based in Lewes, Delaware, Airmeet has a workforce of 101-250 employees. The platform is highly rated for its ease of setup, fast time to value, and outstanding support, trusted by over 4000 organizations.

How Much Funding Has Airmeet Raised?

1. Pre-Seed Round
   • Amount Raised: USD 95,000
   • Date: September 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of the platform and enter the market.
2. Seed Round
   • Amount Raised: USD 3,000,000
   • Date: March 2020
   • Lead Investors: Accel
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support initial scaling and development of the platform.
3. Series A Round
   • Amount Raised: USD 12,000,000
   • Date: September 2020
   • Lead Investors: Sequoia Capital, Redpoint
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support growth and expansion of the platform.
4. Series B Round
   • Amount Raised: USD 35,000,000
   • Date: February 2022
   • Lead Investors: Global Brain Corporation, Prosus Ventures, Sistema Asia Capital, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures, Nexxus Global
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Airmeet's global footprint, enhance R&D, scale go-to-market functions, and increase brand visibility internationally.

Total amount raised: USD 50,095,000. Current valuation: Not publicly disclosed.

Key Investors

• Global Brain Corporation
  • Details: Global Brain Corporation is a venture capital firm based in Japan. It focuses on investing in innovative startups and supporting their growth through strategic partnerships.
  • Investment Focus Areas: Technology, innovation, startups.
  • Notable Investments: Mercari, SmartNews, Freee.
• Redpoint
  • Details: Redpoint is a venture capital firm that partners with visionary founders to create new markets and redefine existing ones. It has a strong presence in Silicon Valley.
  • Investment Focus Areas: Technology, consumer internet, enterprise software.
  • Notable Investments: Netflix, Stripe, Twilio.
• Sequoia Capital
  • Details: Sequoia Capital is a renowned venture capital firm that invests in early and growth-stage companies. It has a significant impact on the technology and healthcare sectors.
  • Investment Focus Areas: Technology, consumer, healthcare.
  • Notable Investments: Apple, Google, Airbnb.
• Accel
  • Details: Accel is a global venture capital firm that invests in companies from seed to growth stage. It has a strong track record of backing successful startups.
  • Investment Focus Areas: Technology, consumer, enterprise software.
  • Notable Investments: Facebook, Dropbox, Slack.
• Prosus Ventures
  • Details: Prosus Ventures is a global consumer internet group and one of the largest technology investors in the world. It focuses on long-term investments in innovative companies.
  • Investment Focus Areas: Technology, internet, consumer sectors.
  • Notable Investments: Swiggy, Byju's, Meesho.

What's Next for Airmeet?

Airmeet is poised for significant growth as it expands into international markets and develops its Prospect Engagement Cloud for B2B marketers. With a 24X growth in recurring revenues and a 30% month-on-month increase, the opportunities are vast. The global market for virtual events is projected to reach $400 billion by 2027, providing a substantial runway for Airmeet's expansion.

Future fundraising opportunities seem likely as Airmeet continues to scale and innovate. The company may seek additional funding to support its global expansion and technological advancements. However, challenges such as competition from other virtual event platforms and maintaining rapid growth could pose hurdles. Continuous innovation and effective scaling will be crucial for Airmeet to stay ahead in the market.

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