This additional funding is a great boost to the long-term growth of our company. We are pleased to work with Arctaris and we plan to use this funding to further expand operations. -Gregg Parise, CEO of Events.com
San Diego, CA (PRWEB) July 22, 2015
Events.com, an event management platform that facilitates and enhances the experience of hosting and attending events, announced today that it has completed a funding round. Led by Arctaris and with participation from La Jolla Holding Co. and Moore Venture Partners, this brings the total funding for the company to over $17 million. Additionally, the company announced the acquisition of EventsOnline, an online registration provider serving the endurance market and processing over $150 million in registrations and tickets since inception.
"Events.com is dedicated to providing a world class platform for event organizers and event goers alike,” said Gregg Parise, CEO of Events.com. “This additional funding is a great boost to the long-term growth of our company. We are pleased to work with Arctaris and we plan to use this funding to further expand operations.”
Over the last year, Events.com has grown its staff to over 75 people. Building on this momentum, Events.com will continue to deploy resources to accelerate product growth and innovation, invest in additional sales and marketing resources, and continue evaluating strategic acquisition opportunities.
“Events.com provides an impressively scalable platform and we are thrilled to partner with the team as they continue to add new clients,” said Jonathan Tower, General Partner of ARV Capital Partners and Arctaris Capital Partners. “We were immediately attracted to the management team, which has a significant personal equity investment in the company, and they were attracted to us because of our approach to growth capital investment.”
Investors in Events.com include Tomorrow Ventures, Chris Burch via Burch Creative Capital, Silverstein Properties President Tal Kerret, DLA Piper Venture Fund and Wilson Sonsini Investment Company.
“The acquisition of EventsOnline complements our strategy to expand our client base in the endurance space,” said Greg Spillane, Chief Operating Officer of Events.com. “We remain committed to becoming the global leader in the industry and this acquisition helps us to achieve that goal.”
ABOUT ARV CAPITAL AND ARCTARIS
ARV Capital Partners, LLC and Arctaris Capital Partners, LLC provide established companies a new alternative for financing growth, a blend between traditional bank debt and venture capital that helps companies expand without diluting shareholder equity. Founded in 2009, Arctaris is located in Boston, MA and Detroit, MI. For more information, please visit http://www.arctaris.com.
Events.com is a leading online marketplace uniting event organizers and event participants in a single place. Its cloud-based application bridges the gap between event organizers and event goers, giving the event ecosystem an improved solution to planning and finding events. Events.com has over 75 employees with headquarters in San Diego and an office in Ottawa, Canada. To learn more about Events.com, please visit http://www.events.com.
Sarah Pease or Lori Sussle Bonanni