Andreessen Horowitz wins leading a Series A funding round for Partiful, the buzziest invitation app of the year
Summary
The app was ubiquitous at LA Tech Week in August, an event that was organized by Andreessen.Partiful, which bills itself as the "Facebook Events for hot people" and has been called an "Eventbrite but for Gen Z," has exploded in popularity in recent months as the rare consumer app that top VCs want to invite to their funding party.Partiful has recently closed a funding round led by Andreessen Horowitz, according to two people with knowledge of the financing who were not authorized to speak publicly. According to two sources, several top-tier firms, including Benchmark and New Enterprise Associates, met with the company before Andreessen Horowitz put down a term sheet.Joy Tao and Shreya Murthy, the cofounders of Partiful, did not respond to a request for comment. It not only has a sleek interface where hosts can quickly customize their event pages, but allows guests to receive text blast updates and reminders from organizers.The app was ubiquitous at LA Tech Week in August, an event that was organized by Andreessen, with young techies constantly checking their texts to see if they made it off the waitlist to get into dozens of parties. Then, in September, the New York Times wrote a glowing piece rhetorically asking: "Is This the Least Cringe Option to Get People to Your Party? "If Partiful builds out its contact list feature," Constine said, "it could make it much easier to see tons of friends at IRL events while ad-based social networks try to keep us glued to our screens.