gather hqs 26m sequoia capitalmascarenhastechcrunch
Sequoia Capital is a leading venture capital firm with a long history of backing some of the world’s most successful technology companies. The firm was founded in 1972 and has since invested in more than 1,000 companies, including Apple, Google, Oracle, and PayPal. One of Sequoia Capital’s most recent investments was in Gather, a virtual event platform that has seen tremendous growth in the past year.
Gather was founded in 2017 by two Brazilian entrepreneurs, Jai Hirsch and Jeff Arnold. The platform allows people atozmp3 to create and attend virtual events, such as conferences, trade shows, and networking events, in a 3D environment. Attendees can interact with each other and with virtual exhibits and booths, just as they would in person.
Gather has gained a lot of traction in the past year as more and more events moved online due to the COVID-19 pandemic. The platform has been used by companies such as Google, IBM, and Airbnb to host virtual events, and has seen a 90% month-over-month growth in usage since the start of the pandemic.
In March 2021, Gather announced that it had raised $26 million in a Series A funding round led by Sequoia Capital. The toonily round also included participation from Y Combinator, Figma CEO Dylan Field, and other prominent investors.
In a blog post announcing the funding round, Gather co-founder Jai Hirsch wrote, “We believe that virtual events are here to stay, and we’re excited to continue building a platform that brings people together in new and innovative ways. With this funding, we’ll be able to accelerate our product development and expand our team to better serve our customers.”
The funding round comes at a time when virtual events are more popular than ever. While many people are eager to return to in-person events, the pandemic has also shown that virtual events masstamilanfree can be a powerful way to connect people from around the world.
Sequoia Capital’s investment in Gather is just one of many high-profile investments the firm has made in recent years. In 2020, the firm led a $30 million funding round for Indian edtech startup Unacademy, and in 2019, it led a $110 million funding round for Brazilian fintech Nubank.
Sequoia Capital has a long history of backing successful technology companies. The firm’s portfolio includes some of the biggest names in tech, such as Apple, Google, Oracle, and PayPal. Sequoia has also backed many successful startups, including Airbnb, DoorDash, and Stripe.
In addition to its investment in Gather, Sequoia Capital has been active in the tech industry in other ways. The firm has masstamilan been involved in several high-profile acquisitions in recent years, including the acquisition of GitHub by Microsoft for $7.5 billion in 2018 and the acquisition of WhatsApp by Facebook for $19 billion in 2014.
Sequoia Capital’s investment in Gather is a testament to the potential of virtual events and the strength of the platform. As more and more companies look for ways to connect with customers and employees online, virtual events are likely to become even more important in the years to come.
Gather’s founders are committed to building a platform that is not just a temporary solution to the pandemic, but justprintcard a long-term solution for connecting people in a virtual world. With the backing of Sequoia Capital and other investors, Gather is well-positioned to continue innovating and expanding its reach in the years to come.