Covid-19 has considerably restricted journey in addition to the time we function in crowded public locations. This pandemic has had a fair greater affect by weakening a complete occasions business, which was estimated to be value greater than $1 trillion a yr earlier than Covid-19 emerged.
The pandemic has fully modified the skilled occasion business, prompting enterprise capitalists to pour capital into digital occasion software program. UK digital occasions platform Hopin has raised $565 million and is valued at $5.65 billion in simply the previous two years, making the model a thriving startup. quickest of all time in Europe.
EventX – Asia-based digital occasion firm, has simply closed a sequence B funding spherical with a complete funding of 10 million USD. The 2 buyers main EventX’s funding spherical embrace HTC – a pioneer in digital actuality (VR) options and Gaocheng Capital – a number one non-public fairness fund primarily based in China, specializing in enterprise software program and know-how assist providers.
Distinctive capability for occasions, together with operations in China or cross-border occasions with the mainland, has enabled EventX to safe profitable contracts from a whole lot of the largest manufacturers and corporations. in business reminiscent of Alibaba, PwC, GL Occasions, Informa, Reed Exhibition, Yahoo, authorities companies and universities…
As well as, EventX can also be the main digital occasion platform in Asia, particularly when organizing actions that embrace attendees from Mainland China – the place EventX’s distinctive design structure has can bypass web firewalls to serve any cross-regional occasions.
After a yr of nice success, EvenX began choosing the primary ‘candy fruits’. The corporate has surpassed 800% progress in person numbers in 2020 alone, receiving optimistic suggestions from greater than 5 million attendees from greater than 20,000 occasions that EventX has hosted, together with occasions on-line (on-line), hybrid (hybrid) and dwell (offline) occasions.
In the meantime, HTC VIVE has obtained consideration and appreciation for its developments in VR know-how analysis and growth. By combining the data base of those two extremely sought-after digital pioneers, a sequence of distinctive experiences unique to the EventX platform will quickly be developed.
Jing Hong, Founding Accomplice of Gaocheng Capital, To share: “Gaocheng is dedicated to supporting next-generation SaaS options and taking them to the following stage. We’re impressed with EventX’s skill to ship modern merchandise, in addition to their proficient administration group and their unbelievable velocity of progress.
Because the pandemic continues to disrupt in-person exhibitions and commerce exhibits, EventX’s hybrid digital know-how will probably be a singular initiative to assist companies of all sizes entice clients, scaling connections proper in China and all over the world“.
Sum Wong – Co-founder and CEO of EventX
Grandfather Sum Wong – Co-Founder and CEO of EventX, continued: “On-line workplaces and digital occasions are positive to turn into the brand new norm. The forging of this strategic partnership will leverage the profound mixture of our experience and HTC VIVE’s groundbreaking innovation in digital actuality.
This relationship will assist EventX take blended and digital occasion experiences to the following stage, delivering immersive interactivity and immersion within the VR world.
As one of many business’s main occasions, EventX will proceed to discover the brand new prospects of occasion administration and group know-how, popularize purposes, and keep forward of the curve. person wants“.
With its distinctive Chinese language market entry and strategic partnership with HTC VIVE, EventX will apply VR and search know-how to the core performance of its SaaS software program product, thereby serving to to resolve the issue. This technique can simply entry and replicate the digital occasion expertise for attendees.
That is EventX’s first try so as to add VR and search to the core performance of its infrastructure, and they’re additionally releasing a stripped-down digital occasion platform, enabling segments to reminiscent of NGOs, SMEs, in addition to startups can register and host digital occasions at no cost.
Joseph Lin, President of VIVEPORT, establish: “VR has the facility to vary the world. At HTC VIVE, we attempt to create instruments to advance the purposes of digital actuality and assist individuals work together extra successfully, not simply utilizing HTC VIVE VR units but in addition on computer systems, tablets and smartphones.
The strategic partnership settlement with EventX demonstrates HTC VIVE’s relentless efforts to supply communities and companies with instruments to fulfill, talk, study in digital actuality and extra. so once more. Lots of potential and enthusiasm is converging on this partnership to convey individuals nearer collectively with none geographical obstacles.“.
With the brand new funding, EventX will make investments closely in merchandise and methods to guide the occasion business restoration within the coming years. This not solely helps stabilize and strengthen present digital occasion providers, but in addition creates new areas and alternatives for the advertising and marketing and occasions sector.
Based in Hong Kong in 2014, EventX is one among Asia’s main suppliers of digital occasion administration options for companies. The platform permits firms to host a wide range of digital occasions of any variety with a wide range of modern options reminiscent of interactive galleries, on-line registration and webinars.
The corporate gives correct knowledge evaluation and reporting for manufacturers to trace and perceive their audience. EventX at present serves in over 135 international locations and has hosted over 20,000 occasions with over 5 million attendees complete, making it the very best end-to-end platform for any group. can increase its viewers and clients.
By Enterprise and Advertising and marketing