Bizzabo, a platform that helps businesses run hybrid online-offline events, has raised $138 million in a series E round of funding led by New York-based Insight Partners.
The raise comes as the COVID-19 crisis leaves what is likely to be an indelible mark on the trillion-dollar events and conference industry, with many businesses preparing to retain digital elements they were forced to embrace in 2020. Web Summit, one of Europe’s largest technology conferences, recently confirmed that it has already booked the venue for its brick-and-mortar return next year, with the goal of hosting 70,000 in-person attendees — plus up to 80,000 online using a platform it developed itself. News outlet Reuters also confirmed that it would be adopting a hybrid events model next year, combining local networking meetups with online incarnations after it saw some success with this approach during the pandemic.
Founded out of Israel in 2011, New