Hong Kong – EventX, the SaaS company providing hybrid event management solutions for businesses, has secured a Series B plus funding of US$8m, which brings the company’s Series B total to US$18m. This funding was led by venture capital investment company GL Ventures, with participation from other investors.
The new funding of EventX will be used for financing potential acquisitions, strengthening its international operations, and expanding its presence in Asia, particularly in Taiwan and SEA, with further investments in product development by scaling their products to transform virtual events with innovative offerings.
In addition, EventX will continue to expand its footprint in Asia with engineering, business development, and new leadership hire. It will also tap into VR solutions that support a digitalised world and stay ahead of the curve in this ever-changing technological environment.
Sum Wong, the CEO of EventX, shared that enterprises are already evolving themselves into the digital world and looking for a platform to create an innovative and targeted event for their audience and generate leads.
“Platform development will always top our first and foremost priority as we strive to stay competitive and make our customers ready for any business opportunities,” said Wong.
