Airmeet, a platform for event organizers to host interactive and immersive virtual events, has raised $12M in Series A funding. New investor Sequoia Capital India led the round joined by Redpoint Ventures, with participation from returning investors Accel India, Venture Highway and Global Founders Capital (GFC). Gokul Rajaram (Caviar Lead at Doordash) also participated in the round.
Airmeet was launched in 2019 as a remote-first company. With its Series A round, Airmeet has ambitious plans to accelerate technology development, grow the team of 60 (across six countries) to 100, and expand its customer base globally. Airmeet has successfully powered virtual events for professional communities like Microsoft for Startups, the Linux Foundation, and major educational institutions like Florida International University.
Airmeet was founded by IIT alumni & ex-CommonFloor executives Lalit Mangal, Manoj Kumar Singh and Vinay Kumar Jasti. Airmeet is currently a 60+ person remote-first team based out of six countries.
“Our mission is to make virtual events so effective and engaging that it should appear archaic to organize an on-ground event. We are already seeing an irreversible behavior change among event organizers and an exponential rise in, what we call, ‘Digitally native events’,” said Lalit Mangal, co-founder, Airmeet.
Airmeet has grown nearly 2000% over the last quarter and by July 2020 had hosted 10,000+ events on its platform. In the coming year, the company aims to achieve the milestone of powering 1000+ events per day on its scalable platform that expands beyond traditional virtual event formats.
Six months after COVID-19 moved brands and event programmers online, audiences and event organizers continue to crave new ways to expand their reach virtually. Airmeet’s product is focused on “interaction liquidity” and helping participants build authentic connections. The platform’s key experiences include a ballroom-style “social lounge” with freely accessible virtual tables for serendipitous encounters and a “speed networking” lobby where participants can spontaneously meet and make new, sticky connections in rapid, one-to-five-minute increments.