Total amount raised
$6.7 Million
Latest funding date
7/1/2019
Location
Socio has successfully raised funding over three rounds, with the latest being a Series A. The company has garnered support from notable investors such as High Alpha and Greenspring Associates.
What Is Socio?
Socio, now known as Webex Events, was founded in 2016 and is headquartered in Indianapolis, Indiana. The company specializes in event technology, providing solutions for in-person, hybrid, and virtual events.
With a workforce of over 10,001 employees, Socio has made significant strides in the events and marketing industries. The platform offers a range of features, including registration, check-in, badge printing, mobile event apps, and virtual event platforms, aimed at enhancing event experiences.
How Much Funding Has Socio Raised?
- Series A
- Amount Raised: USD 725,000
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development of new features.
- Series A
- Amount Raised: USD 6,000,000
- Date: July 2019
- Lead Investors: High Alpha
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand teams in Indianapolis and Istanbul and accelerate product development.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide initial funding for product development and market entry.
Total Amount Raised: USD 6,725,000. Current Valuation: Not publicly disclosed. The October 2017 convertible note amount was never disclosed and is not in the total.
Key Investors
- High Alpha
- Details: High Alpha is a venture capital firm that focuses on investing in early-stage companies. Mike Fitzgerald, a partner at High Alpha, joined Socio's board as part of the investment deal.
- Investment Focus Areas: Early-stage companies, technology, software.
- Notable Investments: Not publicly disclosed.
- Greenspring Associates
- Details: Greenspring Associates is a venture capital firm that invests in various stages of a company's lifecycle, from early to growth stages. They participated in Socio's Series A funding round.
- Investment Focus Areas: Technology, innovative companies, multiple stages.
- Notable Investments: Not publicly disclosed.
What's Next for Socio?
Cisco announced its intent to acquire Socio in May 2021 and completed the acquisition of Socio Labs in July 2021 for undisclosed terms. The product was later sold as Webex Events.
Cisco stopped selling Webex Events, formerly Socio, as a standalone product in April 2024. Support for standalone customers ended in April 2025, and platform access was removed 90 days later.
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