Swoogo, a Los Angeles, California-based fast-growing event management software company, announced a $20 million growth investment led by Bain Capital.
The new funding will accelerate Swoogo's rapid expansion into a full-scale enterprise platform for event management, as well as solidify its competitive offering in the hybrid and virtual event space.
Company: Swoogo LLC.
Raised: $20.0M
Round: Growth Funding
Funding Month: February 2022
Lead Investors: Bain Capital
Additional Investors:
Company Website: https://get.swoogo.com/
Software Category: Event management software
About the Company: Founded in 2015 by event technology veterans Leonora Valvo, Tim Cummins, and Neil Keefe, Swoogo's platform simplifies the overwhelming complexity of corporate event management at scale. Now under the leadership of CEO Christopher Sykes, who acquired a majority ownership stake in March 2020 backed by Eagle Rock Capital, Swoogo has nearly tripled its recurring revenues in the past two years. With expanded offerings that continue to embrace the ethos of ease-of-use, Swoogo's enterprise client portfolio has also grown rapidly, with businesses including Atlassian, Box, and DocuSign using Swoogo to manage their events. Brought to market in 2015 by event tech veterans Leonora Valvo, Tim Cummins, and Neil Keefe, Swoogo's second-generation event management platform upended a dating industry with its easy-to-use functionality and world-class support that puts event organizers first. With firsthand experience in the complexity of legacy products in the space, the Swoogo platform is designed to make event management workflows simple and intuitive for teams of one to one thousand.
Source: https://get.swoogo.com/unconventional/swoogo-announces-investment-from-bain-capital