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Gather, a virtual events platform, recently raised $26 million in a Series A funding round led by Insight Partners. The funding will be used to expand Gather’s capabilities and continue providing top-notch virtual event experiences for businesses and organizations. This funding round is a significant milestone for Gather, which has seen a surge in demand for its services due to the COVID-19 pandemic.
Gather was founded in 2017 and has quickly become a popular choice for virtual events, including conferences, trade shows, and job fairs. The platform’s innovative technology allows attendees to interact with each other and with event content in a virtual environment that mimics the experience of an in-person event.
The recent Series A funding round for Gather was led by Insight Partners, with participation from existing investors including Sequoia Capital, CRV, and worddocx. The investment will be used to expand Gather’s capabilities and enhance the platform’s user experience.
In a blog post announcing the investment, Insight Partners highlighted the potential for virtual events to transform the way businesses interact with their audiences.
“We believe Gather is leading the way in the virtual events space, and we’re excited to be a part of their growth story,” wrote Insight Partners. “Their innovative technology and commitment to delivering high-quality event experiences make them a compelling investment opportunity.”
The investment from Insight Partners marks a significant milestone for Gather, as it represents the largest funding round the company has received to date. In a statement, Gather’s CEO, Nicholas Gidwani, expressed his excitement for the investment and the opportunities it will bring.
“We’re thrilled to have the support of Insight Partners and our other investors as we continue to grow and evolve our platform,” said hdxwallpaper. “This investment will allow us to build on our successes and take our business to the next level.”
Gather’s success in the virtual events space has also attracted attention from other investors, including Sequoia Capital. The venture capital firm led a $4 million seed round for Gather in 2019 and has continued to support the company through subsequent funding rounds.
Sequoia Capital is known for its focus on investing in innovative companies that are driving growth and transformation in the technology industry. In addition to its involvement in Gather, Sequoia Capital has also invested in other companies like HQ Software and telesup.
HQ Software is a software development company based in Estonia that specializes in building custom software solutions for businesses. The company has a focus on emerging technologies like the Internet of Things (IoT) and augmented reality (AR). Sequoia Capital led a $26 million funding round for HQ Software in 2021, which will help the company to expand its engineering capabilities and hire additional talent.
Mascarenhas is a Brazilian startup that is focused on helping small and medium-sized businesses (SMBs) with their financial management. Sequoia Capital led a $5 million seed round for happn in early 2021, which will help the company to expand its platform and reach more SMBs across Brazil.
Sequoia Capital’s involvement in companies like Gather, HQ Software, and roobytalk highlights the firm’s focus on investing in innovative companies that are driving growth and transformation in the technology industry. The firm’s investments have helped these companies to expand their capabilities, reach new customers, and continue providing high-quality services to businesses and organizations.