EventX, a Hong Kong-based events management platform, raised another $8 million for its Series B, lifting the total amount secured for this round to $18 million.
The new injection was led by GL Ventures, the early-stage investment arm of Hillhouse Capital. Previous investors include Gaocheng Capital, an investment firm founded by a former Hillhouse partner, and HTC, the Taiwanese electronics giant that has pushed into virtual reality in recent years.
The startup plans to spend its new proceeds on potential acquisitions, product development, recruitment, and expansion in Asia, particularly Taiwan and Southeast Asia. It also has ambitions to bring VR solutions into its event experience by teaming up with its investor HTC.
Company: EventXtra Limited
Raised: $8.0M
Round: Series B
Funding Month: February 2022
Lead Investors: GL Ventures
Additional Investors: Gaocheng Capital and HTC
Company Website: https://www.eventx.io/
Software Category: Virtual event platform
About the Company: Founded in Hong Kong in 2014, EventX is an Asia-focused provider of digital event management solutions for enterprises. It allows companies to host virtual events with features such as interactive exhibition halls, online registration forms, and webinars. EventX is a virtual event platform that empowers event organizers to host events. It connects people, generates experiences, and facilitates knowledge exchange. Some of their clients are Apple, Yahoo, Alibaba, InvestHK, WebSummit, and TEDx. The products of the company that is integrated into a platform are virtual event experience, registration form, email and SMS, check-in app, CRM, and lead retrieval, etc. the company has helped organize events in more than 100 cities, mostly across Asia, and its platform has served more than five million attendees. Its team of 100 is spread across Hong Kong, Singapore, Japan, South Korea, and Taiwan.
Source: https://techcrunch.com/2022/02/16/eventx-18-million-series-b/