How Much Did Posh Raise? Funding & Key Investors

Posh has successfully raised $22 million in a Series A round, with a total of 14 investors backing the company. The platform is designed to enhance social experiences through customizable event pages, embedded marketing tools, and powerful analytics.

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

What Is Posh?

Posh is a dynamic platform that revolutionizes the creation and management of social experiences and events. Founded in 2019 by Avante Price and Eli Taylor-Lemire, the company operates in the consumer software, event management, and ticketing industries. Based in New York, New York, Posh has a small but dedicated team of 11-50 employees.

With a focus on efficiency, Posh allows users to create timeless events in under a minute. The platform offers customizable event pages, embedded marketing tools, and powerful analytics, making it a versatile choice for various types of events, from personal parties to large music festivals. Posh is recognized as a Black-founded and Black-led organization, committed to fostering meaningful human connections through innovative event management solutions.

How Much Funding Has Posh Raised?

1. Pre-Seed Round
   • Amount Raised: $100,000
   • Date: November 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the platform and develop initial features.
2. Seed Round
   • Amount Raised: $1,100,000
   • Date: November 2021
   • Lead Investors: Pareto Holdings
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the platform's capabilities and reach a broader audience.
3. Funding Round
   • Amount Raised: $350,000
   • Date: January 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing development and marketing efforts.
4. Seed Round
   • Amount Raised: $3,500,000
   • Date: April 2023
   • Lead Investors: Companyon Ventures, EPIC Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the platform and enhance user experience.
5. Funding Round
   • Amount Raised: $4,000,000
   • Date: December 2023
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the app's features and expand market presence.
6. Series A
   • Amount Raised: $22,000,000
   • Date: July 2024
   • Lead Investors: Goodwater Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team, enhance app features, and increase market share.

Total Amount Raised: $31,050,000. Current Valuation: Not publicly disclosed.

Key Investors

• Goodwater Capital
  • Details: Goodwater Capital is a venture capital firm that led Posh's $22 million Series A funding round. The firm focuses on consumer technology companies.
  • Investment Focus Areas: Consumer technology.
  • Notable Investments: Spotify, Chegg, Musical.ly.
• FirstMark Capital
  • Details: FirstMark Capital is a venture capital firm that participated in Posh's Series A funding round. The firm invests in early-stage technology companies.
  • Investment Focus Areas: Early-stage technology companies.
  • Notable Investments: Pinterest, Shopify, Riot Games.
• Companyon Ventures
  • Details: Companyon Ventures is a venture capital firm that participated in both the Series A and previous funding rounds for Posh. The firm specializes in scaling B2B SaaS companies.
  • Investment Focus Areas: B2B SaaS companies.
  • Notable Investments: Reprise, Paperless Parts.
• Epic Ventures
  • Details: Epic Ventures is a venture capital firm that participated in Posh's Series A funding round. The firm invests in early-stage technology companies.
  • Investment Focus Areas: Technology companies.
  • Notable Investments: Instructure, Ancestry.com.
• Day One Ventures
  • Details: Day One Ventures is a venture capital firm that combines investment with public relations and marketing support. The firm is a previous investor in Posh.
  • Investment Focus Areas: Early-stage startups, community, social impact.
  • Notable Investments: Superhuman, Truebill.

What's Next for Posh?

Posh is poised to capitalize on the growing demand for personalized, in-person social experiences. With over 2 million users and $95 million in ticket sales, the platform is expanding its team and enhancing its app to offer better event suggestions and new features like a "For You" feed. This focus on personalization and diversification into various event genres presents significant growth opportunities.

Future fundraising seems promising as Posh continues to scale and attract more users. The company’s unique approach and successful Series A round indicate potential for additional funding rounds. However, challenges such as balancing growth with profitability and competing with established event tech companies like Eventbrite remain.

Use Clay to Get Funding Data

Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Posh and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.