Cvent Secures $136M

Funding Rounds

▤ Summary

Cvent, a Mclean, VA-based software-as-service (SaaS) provider of online event management, venue selection and web survey solutions, has secured $136m in its first external funding.The company intends to use the capital for substantial technology developments, continued global expansion and potential acquisitions.According to a written statement, with this investment, Cvent plans to hire more than 200 people over the next 12 months, bringing the total employees to 1,000.The company will also focus on accelerating the growth of the Cvent Supplier Network, a free online marketplace that connects event planners with venues.Founded in 1999 by CEO Reggie Aggarwal, Cvent offers web-based software for meeting site selection, online event registration, event management, e-mail marketing, and web surveys.

$ Funding

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Amount $136.0M Total raised
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Date July 20, 2011 Announcement date
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Investors Insight Partners, New Enterprise Associates, New Enterprise Associates (NEA), Greenspring Associates, Medical Innovation Summit Lead investors
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Company http://www.cvent.com Funded company

▥ Classifications

industries
Hospitality
applications
Business Intelligence

◇ AskAI Classifications

Labels
Event Management Software SaaS Venue Sourcing Software

▦ Linked Companies

Cvent
$500M to $1B