Some companies have boomed, and others have gone bust as a result of COVID-19 disaster — with out query, dwell occasions is one sector that has been hit hardest. But because the world adapts to a brand new manner of working, on-line occasions are seeing a surge in demand, with tech behemoths similar to Apple transitioning their historically offline conferences into the digital realm.
And this shift is at the very least partly why Run The World has simply raised $10.eight million in a collection A spherical of funding co-led by Andreessen Horowitz and Founders Fund. The Mountain View, California-based startup has constructed a platform designed to host all method of occasions, from panels, summits, and conferences, to fundraisers, workforce coaching periods, and musician / fan meetups. The firm gives a variety of “plug and play” templates to tailor their occasions particularly for his or her viewers, and helps ticketing, registration, networking, and — after all — video conferencing.
With a contemporary tranche of cash within the financial institution, Run The World stated that it’s going to use the funding to scale its platform, and construct on present options similar to “cocktail party,” a socializing device designed to assist folks construct relationships as soon as the primary occasion has ended.
Above: Run The World: Mobile cocktail get together
Founded in 2019, Run The World launched again in February with $4.three million in seed funding from Andreessen Horowitz amongst different buyers. The timing of its launch might hardly have been extra apt, because it was that very month when myriad conferences around the globe first began to cancel en masse as a result of impending pandemic. Although the idea initially for a lot of was that this was a brief hiccup, it has develop into more and more clear that dwell occasions for the foreseeable future gained’t proceed of their conventional kind.
Thus, this places corporations similar to Run The World in a robust place shifting ahead — and it’s not alone. Earlier this week, occasions software program firm Bevy.com raised $15 million to assist it transition into digital occasions, whereas a couple of months again London-based raised $6.5 million to broaden its on-line occasions platform.
Since its launch three months in the past, Run The World stated that it has seen attendees from greater than 40 international locations use its platform, with greater than 2,400 occasions created to this point. Other notable backers in its newest funding spherical embrace Hollywood actor Will Smith by way of his Dreamers Fund, Kevin Hart’s Hartbeat Capital, and Green Bay Ventures..