Bizzabo Reports $15 Million Growth Round
Bizzabo reported the close of a $15 million round of equity funding, led by Pilot Growth Equity, and participated by European investment fund Maor and existing investors.
According to a media release, the investment brings Bizzabo's total funding to $30 million, in support of its goal to revolutionize the industry with its Event Cloud technology. John DeLoche, Co-Founder and Managing Director of Pilot Growth, will join Bizzabo's board of directors. The new capital will support the customer base, and will accelerate new product developments.
Eran Ben-Shushan, Co-founder and CEO of Bizzabo, said: "Over the past decade, we've seen the sales cloud develop, then the marketing cloud, and now it is time for the events cloud to rise. Bizzabo is uniquely positioned for growth in this multi billion-dollar events software industry. We took some big bets in the past that paid off thanks to our team's incredible passion and belief in the importance of events to our world. With this additional capital, we will continue building the best event success platform in the market, and grow our teams in both Tel Aviv and New York over the next year."
John DeLoche of Pilot Growth said: "Bizzabo is the company with the best platform and leadership to become the category leader in the rapidly growing $28 billion-dollar event management software market. Organizations use and trust Bizzabo's seamless and innovative Events Cloud to engage attendees, gain data driven insights and maximize the impact of their most important events. We are honored to partner with the co-founders to help them achieve their vision."
Molly Reid, Director of Events at Teach For America: "Bizzabo helps us manage and scale over one hundred events nationwide. The robust yet easy to use software is exactly what we needed to keep our events on brand and to create an engaging experience for our attendees. Bizzabo's customer care team is exceptional, and we're excited to see the company grow as a market leader."
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THE DAILY VIEW
Tea Forté Introduces ‘Matcha’ Collection
Convenience meets tradition in Tea Forté’s new Ceremonial Matcha Bowl Set and the Matcha Single Steeps.
The company said its spring harvested, shade grown, stone ground, organic matcha tea is best served in a centuries-old Japanese tea ceremony called chanoyu: a preparation technique known for its centering meditative qualities.
"The launch of Tea Forté's Matcha collection represents our continued commitment to wellness and cultivating all the potential mental and physical health benefits of tea," says Tea Forté CEO Michael Gebrael. "In addition to our high quality Pure Matcha, we've also blended four distinct flavored Matcha varieties. Prepackaged in pouches measured out for a single serving, our Single Steeps Matcha is ideal for the office, travel, or to keep with you for a boost anytime."
Tea Forté noted its handcrafted ceremonial tea bowl, handmade bamboo whisk and measuring ladle “encourages serene enjoyment of our premium Kosher, gluten-free and vegan matcha blends.” These include: Pure Matcha, Chocolate Matcha, Coconut Matcha, Ginger Matcha, and Chai Matcha.
According to a release, in addition to its distinctive taste, matcha is prized for its health benefits. Steeped green tea contains only the antioxidants that can be extracted in water, while with matcha, the whole leaf is consumed.
Available now in select stores and online at teaforte.com.
Expedia.com has released a year-end look at U.S. traveler behavior and trends for 2017, analyzing data to identify the most in-demand destinations, hotels, activities and more.
Among other insights, the roundup revealed:
- Labor Day was the busiest weekend for car rental
- Disney Theme Parks topped the list of things to do
- The average hotel stay was two nights
- Top destinations based on 2017 air travel included major global cities like New York, London and Bangkok
- Popular tourist destinations included Orlando, Cancun and Las Vegas