Evendo, the global leader in the online social events market today announced the raising of USD4.7 million in a Series A funding round.
This will accelerate the company’s rapid expansion at a time where businesses and private individuals alike resume the planning and booking of social events online.
This comes after an explosive year of growth for Evendo which saw the company launch into 30 new markets across Europe, North America and Asia and see consistent 50 per cent-plus month-on-month growth since January 2021.
The over-subscribed Series A was led by Crafoord Capital Partners from Stockholm and includes a mixture of existing and new investment partners. It brings the valuation of Evendo to USD66 million post round.
The funds will empower Evendo to further scale and diversify the already substantial global inventory of event related products. In addition they will further optimise the technology to make it even more efficient and convenient for customers to find the exact experiences which will make their events unforgettable. Evendo will also continue to build out the automated event-supplier tools so that event suppliers can spend more time focusing on what they love to do – providing amazing experiences and event products for customers.
“We are laser focused on making social events better for everyone involved and we will continue to deliver on that commitment. This new funding round together with the rapid adoption of Evendo by customers and event suppliers really validates our existing vision and approach,” says Kasper Larsen, CEO of Evendo.
