Photo Credit: Posh co-founders Avante Price & Eli Taylor-Lemire
Small occasions platform start-up Posh raises $22 million in a Series A financing round led by Goodwater Capital.
Event start-up Posh is scaling up to focus on intimate events of up to a coupleof hundred individuals, with an goal to endedupbeing the TikTok of little occasions. The business states it hasactually raised $22 million in a Series A financing round led by Goodwater Capital, with involvement from FirstMark Capital, Companyon Ventures, and Epic Ventures. The business hasactually raised a overall of $31 million in capital from financiers, consistingof the previouslymentioned as well as Day One Ventures and Pareto Holdings.
The start-up strategies to usage the funds to broaden its group from 26 to 40 in item and go-to-market locations, in addition to upgrading its app with muchbetter tips for pertinent occasions. The business has 2 million signedup users and $95 million in lifetime experiences reserved through its platform.
“Consumers can likewise usage Posh to find the finest occasions, experience connection and belonging, and ultimately grow their own social neighborhoods on the platform,” states Hatim Khety, a partner at Goodwater Capital, in a declaration describing that the company chose to invest in the business over its belief that Posh will be the “next huge social platform” to bring individuals together in individual.
Posh atfirst introduced in 2020, with a software-as-a-service (SaaS) offering for occasions organizers to host occasions on Posh’s site. Now, it prepares to focus on its own app, which opened to customers last October, and works likewise to TikTok for occasions; users scroll vertically to discover occasions that interest them. The app is readilyavailable on both iOS and Android.
In January, the market