May 27, 2020

Banzi – $7 Million

Seattle, WA ; 03/09/2020

Amount Funded: $7 Million

Type: Series A

Lead Investor: DNX Ventures

Participating Investor(s):  Vulcan Capital

Company Description: “Banzai makes products that are simple to use, people-focused, and learning-centered. Banzai is a cloud software-as-a-service company that provides Event Marketing Automation software used by companies like Microsoft, Google, and Oracle. Banzai connects people to life-changing experiences. Our suite of Event Marketing Automation solutions maximize audience reach, simplify event invitations, increase the quality of registrations, and prove ROI for field marketers through a single platform.” – from the Banzai website.

What funding will be used for: Expansion of staff, enhancing product capabilities

Quotes:

“Events are the single largest marketing expense for companies today, with half a trillion dollars spent each year. There has been almost no innovation in the Event Marketing Automation category. Professionals want to be reached through powerful experiences, and companies will need to adopt new solutions to reach their customers.”

-Joe Davy, CEO, Banzai

Notes:

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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