Hybrid And Virtual Event Startup Zuddl Raises $13.35M In Funding
Zuddl, a virtual and hybrid events platform, has announced raising $13.35 million in a Series A round of funding led by Alpha Wave Incubation (AWI) and Qualcomm Ventures. The funding round also saw participation from existing investors GrowX and Waveform Ventures.
As per the startup, the raised funds will be used to enhance product development and scale globally, with a particular focus on the US market. Zuddl will also employ funds to expand its geographical footprint, deepen its tech team, and further build on its offering.
Zuddl | A Virtual And Hybrid Events Platform
Founded by Bharath Varma and Vedha Sayyaparaju in May 2020, Zuddl is a Y Combinator-backed startup that lets large companies host branded conferences online, reproducing all aspects of a physical event from expo showcases to one-on-one networking meetings.
Speaking on the development, Bharath Varma, CEO and Co-founder of Zuddl, said,
“Zuddl’s growth can be attributed to enterprises’ need for greater customizability and control for their virtual and hybrid events. Most of our customers are global companies with remote teams, who have complex use cases that we help solve easily, all the while being on-brand.”
Offering enterprises design immersive brand experiences around virtual and hybrid events, Zuddl’s clients include BYJU’S, Microsoft, NASSCOM, Google, among others.
The virtual and hybrid events platform claims to have grown 30x since inception and offers a high level of event customisation and attendee engagement by offering interest-driven networking and gamifying user actions. And with this funding, the total equity capital raised by Zuddl reaches around $15.5 million.
The virtual events space was valued at $94.04 billion in 2020, according to a report by Grand View Research. It is expected to expand at a CAGR of 23.7% from 2021 to 2028.
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