Bizzabo

Dec 2, 2022 ·

en.globes.co.il

growth-negative

Bizzabo announces second round of layoffs

Israeli startup Bizzabo is laying off 100 employees, 40% of its workforce, in its second round of layoffs in 2022. The company cites ongoing financial uncertainty as the reason for the layoffs and aims to bring Bizzabo to profitability. Bizzabo, which develops tech platforms for events and conferences, took advantage of the Covid crisis to develop a platform for virtual conferences and later adapted it for hybrid events. In December 2020, Insight Partners led Bizzabos $138 million financing round. The layoffs are part of a strategic organizational change to cut the companys expenditure.

Layoffs

Jul 21, 2022 ·

www.calcalistech.com

growth-negative

Bizzabo valuation takes 30% cut to $200 million in down round led by Insight CTech

Event planning platform Bizzabo is raising $35 million at a valuation of $200 million, led by Insight Partners. However, the valuation is 30% lower than its previous round. Insight Partners requested preference over other investors, with a 3X liquidation preference. Bizzabos annual revenue for 2022 is expected to be $29 million, missing its projections. The company recently laid off around 30% of its employees as part of an organizational shift to improve profitability. Bizzabo has made several acquisitions in the past, including Klik, x.ai, Whalebone, and TeeVid. The deal with Insight Partners is not yet finalized.

InvestmentLayoffs

Jul 5, 2022 ·

www.calcalistech.com

growth-negative

Bizzabo axes almost 30% of employees CTech

Event planning platform Bizzabo is implementing an organizational shift to improve profitability, resulting in laying off approximately 30% of its employees. The company cited market uncertainty and preparation for a prolonged downturn as reasons for the decision. Bizzabo has made several acquisitions in recent years, including Klik, x.ai, Whalebone, and TeeVid. They have set up an HR team to assist departing employees and will provide increased compensation packages and support. Bizzabo raised $138 million in a Series E investment round led by Insight Partners in December 2020.

Layoffs

Nov 16, 2021 ·

www.calcalistech.com

growth-positive

Bizzabo acquires Klik for $13.5 million to add smart wearables tech to live events

Event planning platform Bizzabo has acquired Montreal-based event tech startup Klik for $13.5 million in cash and stock. Kliks technology, which includes smart wearables for live events, will be integrated into Bizzabos Event Experience Operating System. The acquisition is Bizzabos fourth in six months, following the purchases of x.ai, Whalebone, and TeeVid. Kliks team will join Bizzabo and will be based out of Bizzabo’s newly opened office in Montreal. Bizzabo also announced plans for the Bizzabo App Market, which will be led by newly hired Vice President of Marketplace, Boaz Ram.

AcquisitionExpand

Oct 26, 2021 ·

en.globes.co.il

growth-positive

Bizzabo buys Israeli virtual events platform Teevid

Israeli events platform Bizzabo has acquired Teevid, an Israeli interactive virtual events platform. The acquisition allows Bizzabo to introduce its video production suite for hybrid events, creating an immersive experience. No financial details were disclosed. Teevid has developed a solution for producing and broadcasting virtual, in-person, and hybrid events. Bizzabo plans to invest in empowering event experiences and welcomes Teevids team of video experts. This is Bizzabos third acquisition in the last five months, following x.ai and Whalebone.

Acquisition

Jun 3, 2021 ·

en.globes.co.il

growth-positive

Bizzabo buys second company within month

Israeli startup Bizzabo has acquired US company X.ai, which automates meeting scheduling. This acquisition follows Bizzabos previous acquisition of Swedish company Whalebone. Bizzabo was chosen as the startup of 2020 for its ability to adapt during the pandemic by adding virtual conference capabilities. The financial details of both acquisitions were not disclosed.

Acquisition

May 24, 2021 ·

www.finsmes.com

growth-positive

Bizzabo Acquires Whalebone

Bizzabo, an event success platform, has acquired Whalebone, a Swedish technology startup that enhances the experience between speakers and their audiences. The amount of the deal was not disclosed. The acquisition aims to bridge the gap between virtual and in-person events, enhancing shared event experiences for speakers and attendees. Bizzabo uses intelligent and intent-based personalized engagement to deliver attendee experiences. The company has offices in New York, Tel-Aviv, and Kyiv.

Partners

Dec 2, 2020 ·

techcrunch.com

growth-positive

Bizzabo raises $138M for a platform that helps you build and run virtual conferences

Bizzabo, a platform for planning and running virtual and in-person conferences, has closed a $138 million funding round. The company has experienced significant growth during the pandemic, with a 100% increase in revenue, a 65% increase in events organized, a 500% increase in attendees registering for events, and a 150x increase in overall usage. Bizzabo plans to use the funding to drive further growth, including the development of more technology to integrate virtual and in-person experiences. The funding round was led by Insight Partners, with participation from Viola Growth, Next47, and OurCrowd. Bizzabos valuation has grown by 400% since its previous funding round in 2019. The company has raised a total of $195 million to date.

InvestmentExpand

Jun 2, 2019 ·

www.jpost.com

growth-positive

https://www.jpost.com/Jpost-Tech/Business-and-Innovation/Bizzabo-builds-a-market-for-event-success-solutions-591362

Tel Aviv-based event technology company Bizzabo aims to manage, measure, and grow professional events. They provide a cloud-based platform that gathers data from conference-goers to enable specific marketing activity and greater sales. Bizzabo recently secured a $27 million Series D funding round, bringing their total capital raised to $56 million. They have doubled their workforce two years in a row and plan to continue growing.

CustomersInvestment

Apr 17, 2019 ·

techcrunch.com

growth-positive

Enterprise events management platform Bizzabo scores $27M Series D

Bizzabo, an events management platform, has raised $27 million in Series D funding. The funding will be used to expand the platforms capabilities and help enterprise and mid-market organizations create personalized and engaging professional event experiences. Bizzabo aims to provide a data-driven and personalized journey for attendees, leveraging data points throughout the attendee journey to deliver personalized promotion campaigns and custom-tailor event agendas. The companys customers include Inbound, SaaStr, Forbes, Dow Jones, Gainsight, and Drift. The event management space is valued at $500 billion.

Investment

Aug 31, 2018 ·

www.martechadvisor.com

https://www.martechadvisor.com/news/interactive-marketing/bizzabo-ceo-eran-benshushan-featured-in-the-top-50-saas-ceos-of-2018-list/

Jun 18, 2018 ·

www.businesswire.com

Bizzabo Recognized by SIIA as Best Event Management Solution

Dec 13, 2017 ·

venturebeat.com

growth-positive

Bizzabo raises $15 million to grow its platform for event organizers

Bizzabo, a technology platform provider for event organizers, has raised $15 million in funding led by Pilot Growth Equity. The company plans to support its rapidly growing customer base and accelerate its product development. Bizzabo aims to become the leading event success platform in the market. It has partnered with big name enterprises such as HubSpot, GitHub, EA Sports, and WeWork. Bizzabos annual recurring revenue grew by over 200% in the past year. The company plans to double the size of its teams in both Tel Aviv and New York. The funding round will help Bizzabo continue its growth in the multi-billion-dollar events software industry.

InvestmentExpand

Apr 4, 2017 ·

techcrunch.com

growth-positive

Bizzabo gets $6.5M Series A to make organizing events easier

Bizzabo, an event management startup, has raised $6.5 million in a Series A funding round, bringing its total funding to $14.5 million. The company plans to continue developing its cloud-based event management platform. Bizzabo differentiates itself by focusing on small and medium-sized businesses and digitizing more of the organizational process. Its main competitor is Cvent, which was acquired and merged with Lanyon for $1.65 billion. Bizzabos highest-profile customers include GE, Virgin, USAA, and The Lean Startup. The CEO sees the acquisition of Cvent as a big opportunity for innovation in the event management space.

Investment

Aug 14, 2014 ·

techcrunch.com

growth-positive

Event Networking App Bizzabo Raises $2.5M To Update Its Platform

Networking and event app Bizzabo has raised an additional $2.5 million in funding. The funding will be used to add more features and roll out a new event management platform. Bizzabo faces competition from other event management and networking apps. The new platform aims to help event organizers make more revenue and will be easier and faster to use.

InvestmentExpand

Jul 31, 2012 ·

techcrunch.com

growth-positive

Bizzabo Secures $1.5 Million To Ramp Up Its Social Conference App

Bizzabo, an event management platform, has secured $1.5 million in funding to expand its operations in the U.S. The funding round included investors from Israel and the U.S. Bizzabo offers a free self-service platform for event organizers and a mobile app for attendees. The platform allows organizers to create a mobile social network for attendees, update event information in real-time, and send push notifications. Attendees can use the app to connect with other attendees, view upcoming events, and receive personalized recommendations. Bizzabo has been used by conferences such as MLOVE ConFestival and NOAH. The company aims to differentiate itself by offering a comprehensive solution that is free for both organizers and attendees.

InvestmentExpand

Total funding	$233.71M
Last funding	Undisclosed
Stage	E
Rounds	11
Investors	20

Website	www.bizzabo.com
LinkedIn	LinkedIn
Twitter	Twitter
Facebook	Facebook
Instagram	Instagram
Careers	Careers page
App Store	App Store
Google Play	Google Play

Employees (range)	201-500
Exact count	205
Team members	4

Confidence	103/100
Missing	markets
BI Verification	Yanina Wainscheinker
Registrar ID	514520410
Crunchbase	bizzabo
Creator	Jenny Sotnik-Talisman
Creator email	genys30@yahoo.com
Last updater	Jenny Sotnik-Talisman
Updater email	jenny.sotnik@sncentral.org
Last update	2023-09-10T00:00:00.000Z
Created	2013-06-13T00:00:00.000Z
Claimed	Yes

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Bizzabo

Bizzabo Overview

Cumulative Funding Raised Over Time ($)

Latest News

Funding

Team Members

Web & Social Links

Locations

Photos & Videos

Bizzabo Business

Sector

Target Customer

Core Technology

Tags (3)

Use Cases

Geographic Markets

Bizzabo Financials

Cumulative Funding Raised Over Time ($)

Private Equity Funding

Mergers & Acquisitions

Bizzabo Lifecycle

Cumulative Funding Raised Over Time

All Events

Bizzabo News

Bizzabo Team

Employee Info

Similar Companies

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