Prosus, Sequoia join virtual events startup’s $35m round

Airmeet, an event-led engagement platform, has raised US$35 million in a series B funding round joined by Prosus Ventures, Sistema Asia Fund, and Sequoia Capital India.

Photo credit: Airmeet

Founded in 2019 by Lalit Mangal, Manoj Singh, and Vinay Kumar Jaasti, Airmeet helps businesses, associations, educational institutions, SMEs, communities, and government organizations establish touchpoints with their global audiences through immersive event experiences. It supports multi-format events such as webinars, hybrid conferences, trade shows, and workshops.

The founding trio have been together since Mangal’s previous venture, property portal CommonFloor, which was acquired by classifieds firm Quikr for US$200 million.

Currently, Airmeet is growing at 30% month-on-month and has enabled more than 120,000 event organizers to stream 150 million minutes of video airtime globally.

Funds raised will go toward expanding the company’s footprint in the global marketplace, with plans to invest in research and development. The team will also be focusing on activities that will bring more visibility to the brand and its offerings in the international market.

Airmeet is headquartered in the US with over 300 employees spread across India and North America.

Other investors in the round include:

• Accel India
• RingCentral Ventures
• KDDI Open Innovation Fund
• DG Daiwa Ventures
• Nexxus Global

See also: Is Asia ready for Sequoia’s perpetual fund model?