management platform Airmeet has raised $35 million as a part of its Series B funding led by Prosus Ventures, Sistema Asia Fund, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures and Nexxus Global. Existing investors Sequoia Capital India and Accel India also took part in the round.
The new funds will go towards expanding its footprints in the global marketplace, with plans to invest heavily in R&D, and scaling its GTM function. The team will also be focussing on strategic activities that will bring more visibility to the brand and its offerings in the international market.
With the ability to scale up to one lakh participants, Airmeet supports multi-format events such as webinars, hybrid conferences, trade shows and workshops. The startup claims to have enabled more than 120,000 event organisations to stream 150 million minutes of video airtime across the world.
Lalit Mangal, CEO and Co-founder of Airmeet, said, “Customer engagement has been fast evolving into a space that needs to go beyond the traditional channels. Brands have to start conversations and engage with customers without losing their human touch in the virtual space. Our mission has always been to focus on engagement and assist businesses with scaling their customer engagement through multiple interactive event formats.”
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