Allseated Elevates Event Planning With $20M Funding For Virtual Venue Showcasing

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Revolutionizing Event Planning with Virtual Visualization

Allseated, a San Francisco-based platform, is transforming the event planning landscape by offering event organizers the tools to virtually plan and showcase venues. Founded in 2011, the platform provides a collaborative space-visualization platform, enabling venues and planners to craft virtual walkthroughs for potential clients. This includes the creation of 360-degree views of buildings and the design of detailed floor plans.

From Last Year’s Expansion to Refocusing on Core Strengths

After securing $15 million in funding the previous year, Allseated had set its sights on expanding beyond event visualizations, delving into the realm of corporate metaverses. In May, the company launched its version of a “metaverse for enterprises.” However, in a recent turn of events, Allseated announced its decision to spin out its “meetaverse” division into a separate entity. The reasons behind this move remain undisclosed, but it’s evident that Allseated is redirecting its focus towards its core strength in real-world event planning.

The Pandemic’s Impact on Virtual Event Platforms

The COVID-19 pandemic undeniably boosted the demand for virtual event platforms, with many companies achieving skyrocketing valuations. However, as the world gradually returns to normalcy and in-person events regain their prominence, the role of virtual platforms seems to be shifting. They are now seen more as complementary tools rather than primary platforms for events.

Investors and Funding Details

Allseated’s recent funding round, which brings its total capital raised to over $43 million, witnessed participation from notable investors such as Magma Ventures, Level Structured Capital, Vestech Partners, NYFF, and WGG. The funds are earmarked to further enhance and scale its space visualization and collaboration platform.

Allseated’s commitment to refining the event planning process through virtual visualization is evident in its latest funding round. As the company continues to innovate and adapt to the evolving needs of the event industry, it is poised to set new benchmarks in space visualization and collaborative event planning.

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