Airmeet Raises $12 Mn Led By Sequoia Capital, To Accelerate Global Expansion
Published on 16th Sept, 2020 | 1 min read
NEW DELHI: Virtual events platform Airmeet has raised $12 million in Series A funding led by new investors Sequoia Capital India and Redpoint Ventures. “With digitization of largely traditional spaces leapfrogging by years, the $800+ billion global offline events space is up for grabs. There is massive potential for players who drive the industry’s transition towards online-events”, said Abhishek Mohan, vice-president, Sequoia Capital India LLP. While meetings, webinar categories existed with more popular alternatives like Zoom and Skype, Mangal said platforms such as Airmeet have not been conceptualised for peer-to-peer interactions. Airmeet does not require an event organiser to have a subscription. Professional communities like Microsoft for Startups, Linux Foundation and Florida International University have hosted their events on Airmeet with a maximum of 10,000 participants. “There is an excitement for virtual conferences now, and we want to create a global platform to enable community managers and event organizers across the world to engage with and expand their audience,” he said.
