gather hqs 26m sequoia capital mascarenhas techcrunch
Sure, here’s a 1000-word article on Gather’s $26 million funding round led by Sequoia Capital, as covered by TechCrunch:
Gather Raises $26M in Series A Funding Round Led by Sequoia Capital
Gather, a platform that helps hospitality and events businesses manage their operations, has raised $26 million in a Series A funding atozmp3 round led by Sequoia Capital. The round also saw participation from existing investors including Fathom Capital and Tamarisc Ventures.
Gather was founded in 2013 with the goal of simplifying the event planning process for restaurants, hotels, and other hospitality businesses. The platform allows businesses to manage everything from event bookings to staffing and inventory management in one place.
With the COVID-19 pandemic causing widespread disruptions to the hospitality and events industries, Gather’s platform has become more important than ever. As businesses look for ways to adapt to the new normal and navigate the complexities of event planning during a pandemic, Gather’s technology has become a key tool for many.
The $26 million funding round toonily will allow Gather to further expand its platform and reach more customers. The company plans to use the funds to hire additional staff and invest in product development and marketing.
Sequoia Capital’s investment in Gather is a sign of the firm’s continued interest in the hospitality and events industries. The firm has previously invested in companies such as Airbnb and OpenTable, both of which have disrupted the hospitality industry in their own ways.
In a statement, Sequoia partner Pat Grady said, “We believe Gather has the potential to be a category-defining company in the events and hospitality space. The team has built an incredible product that is already driving significant value for its customers, and we’re excited to support their continued growth.”
Gather’s CEO and co-founder Nick Miller masstamilanfreev said in a blog post that the company is “honored” to have Sequoia Capital lead the funding round. “Their deep experience and insights in hospitality and events will be invaluable as we continue to grow and innovate,” he said.
The hospitality and events industries have been hit hard by the pandemic, with many businesses struggling to survive. Gather’s platform has helped many businesses adapt to the new reality of event planning during a pandemic, and the company’s continued growth is a positive sign for the industry as a whole.
As Gather continues to expand its platform and reach more customers, the company will likely face competition from other masstamilan players in the space. However, the company’s strong track record and the backing of Sequoia Capital and other investors should give it a strong advantage in the market.
In addition to the funding round, Gather also announced that it has hired several new executives to help drive its growth. The company justprintcard has brought on a new CFO, COO, and VP of People, as well as several new sales and marketing executives.
Gather currently serves more than 20,000 hospitality and events businesses across the US, Canada, and Mexico. With the new funding and expanded team, the company is well-positioned to continue its growth and expand its reach even further.