Vendelux, a New York-based AI-powered event intelligence platform, has raised $14 million in Series A funding.
SaaS Investors
The round was led by FirstMark Capital, with participation from Cervin Ventures, founders of HLTH, ShopTalk, Money20/20, and others.
FirstMark is an early-stage venture capital firm based in New York City. Its mission is to partner with entrepreneurs who are focused on solving meaningful problems. Founded in 2008, the firm prefers to invest in companies operating in the field of technology, consumer, and enterprise sectors.
Vendelux Use of Funds
The company will use the funds to expand its work with enterprise customers and further develop its platform, with plans to double its team by the end of 2024 and expand its geographic footprint.
About Vendelux
Founded in 2021 by Alex Reynolds and Stefan Deeran, Vendelux is an AI-powered event intelligence platform designed for event marketers and event organizers. Its platform, powered by artificial intelligence and predictive modeling, allows event marketers and CMOs to analyze customer and competitor behavior, make informed decisions about events to attend or sponsor, and measure the quantifiable business impact of in-person events, tradeshows, and conferences globally. The platform boasts over 160,000 global B2B events, providing users with powerful data-driven insights and an array of tools to optimize their event marketing budgets and ROI.
Funding Details
Company: Vendelux Inc.
Raised: $14.0M
Round: Growth Round
Funding Month: November 2023
Lead Investors: FirstMark Capital
Additional Investors: Cervin Ventures, founders of HLTH, ShopTalk, Money20/20
Company Website: https://vendelux.com/
Software Category: AI-powered Event Intelligence Platform
Source: https://www.businesswire.com/news/home/20231120603316/en/Vendelux-Raises-14-Million-Series-A-to-Take-the-Guesswork-Out-of-B2B-Event-Marketing