iVvy, an Australian provider of a cloud-based event and venue management platform, raised $5.4M in pre-IPO funding.
The round was led by Thorney Investment Group and Gandel Invest.
The company intends to use the funds to further accelerate the growth of its sales and catering software, particularly in the U.S. and European markets.
Led by Founder and CEO Lauren Hall, iVvy provides a cloud-based event and venue management platform that allows venues to display real-time rates and inventory for their accommodation and meeting space online to facilitate bookings. It offers meeting planners the ability to search, compare, book and pay for function space, catering and group accommodations online, 24/7. Once a booking is confirmed, iVvy provides all the tools to manage the operational processes, including diagramming, invoicing and payments, the creation of banquet and event orders, catering and more.
The Queensland-based company, which has already amassed more than 25,000 users across 14 countries, plans to list on the Australian Securities Exchange within the next 12 months.
FinSMEs
20/05/2021