Gather HQs Raises $26M in Series A Funding Led by Sequoia Capital
Gather HQs, a virtual event platform for businesses, lrtrading recently announced that it raised $26 million in a Series A funding round led by Sequoia Capital. The funds will be used to expand the platform’s capabilities and reach.
Virtual events have become increasingly popular in the wake of the COVID-19 pandemic, as businesses have had to shift their operations and events online. Gather HQs provides a platform that allows businesses to create interactive virtual events, such as conferences, expos, and trade shows. The platform uses 3D environments to create a more immersive experience for attendees.
Gather HQs was founded in 2017 by Nicholas Chee and Phillip Riethmuller. Chee, who serves as CEO, previously worked as a software ifsptv engineer at Dropbox and Google. Riethmuller, who is the company’s CTO, previously worked at Palantir and Microsoft.
The company’s platform has been used by a variety of businesses and organizations, including Microsoft, Coinbase, and Harvard Business School. Gather HQs has also partnered with event planning companies to provide a more comprehensive solution for virtual events.
According to Chee, the funding will be used giveme5 to expand the platform’s capabilities, including adding more customization options for clients and improving the user experience. The company also plans to expand its team, with a focus on hiring engineers and designers.
Sequoia Capital’s investment in Gather HQs is significant, as the venture capital firm has a strong track record of investing in successful tech companies, including Airbnb, Google, and WhatsApp. The firm’s involvement in Gather HQs is a strong indication of the platform’s potential for growth and success.
In a statement, Pat Grady, partner at 123chill Sequoia Capital, praised Gather HQs for its innovative approach to virtual events. “Gather HQs has built an entirely new platform for virtual events that combines the interactivity of in-person events with the reach and scale of digital,” he said. “We’re excited to partner with Nicholas, Phillip, and the entire Gather HQs team to help them continue to innovate and grow.”
Gather HQs’ success is indicative of the growing demand for virtual event solutions in the business world. As more companies shift their operations manytoons online, the need for platforms like Gather HQs will only continue to grow. With the support of Sequoia Capital and a strong team behind it, Gather HQs is well-positioned to become a leader in the virtual events space.