Easol has closed a $30 million Series A extension funding round led by Y Combinator and Tiger Global. The funding will support the launch of their AI solution for experience businesses.
Experience commerce platform Easol has secured a $30 million Series A extension funding round to enhance its services. The round includes equity from notable investors like Y Combinator and Tiger Global. This funding will help in launching their new AI solution, Teammates, for experience businesses globally. Easol aims to cater to increased consumer demand in the experience industries, providing comprehensive technology solutions for event management.
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Company Information
Company
Easol
Location
London, Ontario, Canada
About
“We see that as a major opportunity, giving creators the chance to get inventory from elsewhere and push theirs out to other places.”The company has seen some strong growth in the last year, after a period in which Simpson said it had zero revenue due to travel and gathering restrictions in 2020. The returns are what have made the pitch compelling to these companies: Easol claims that for an event with a $2 million turnover, using Easol’s software instead of a mix of third-party tools works out to more than $80,000 of savings annually.“Easol’s market-leading platform and industry expertise allows clients to imagine and market unique experiences for consumers,” said Evan Feinberg of Tiger Global in a statement. “In the rapidly expanding experience commerce market, we believe Easol is poised to capture outsized growth, and we are excited to partner with Ben, Lisa and the Easol team.”
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