Virtual event platform Airmeet secures USD 12 million in Series A funding

Bengaluru: Airmeet has raised $12 million in its Series A funding round led by Sequoia Capital India and Redpoint Ventures.

Early backers Accel India, Venture Highway, Global Founders Capital, and Gokul Rajaram also participated in the round. With its Series A round, the Bengaluru-based startup has plans to accelerate technology development, grow the team size to 100 from 60 and expand its customer base globally.

“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 in a press statement.