WASHINGTON, DC, Social Tables, the SaaS platform that brings cloud-based collaborative event software to hospitality and meeting professionals, has closed a $13 million Series B round led by QuestMark Partners.
QuestMark is joined by previous Social Tables investors Bessemer Venture Partners, Thayer Capital, Fortify Ventures, and Middleland Capital. This funding brings Social Tables to a total of $22.6 million raised since it was founded in 2011.
Social Tables enables event planners and properties to work together and manage events online, from small meetings and receptions to city-wide conventions. Social Tables' network of customers use the platform as the central point of collaboration on everything from an event's design to it's execution.
'Social Tables has successfully brought event planning into the 21st century and the company's growing customer base represents the large market need,' said Brian Matthews, Partner at QuestMark Partners. 'We are proud to lead this new round of funding and partner with an exceptional team, as they continue growing the business and product to modernize the industry.'
Today, Social Tables is used by more than 100,000 unique professionals across 4,300 customers, some of which include Hyatt Hotels, House of Blues, and Forbes. More than 1,000,000 events have been planned in Social Tables within the 1.5 billion square feet of event space in the Social Tables network.
'At Social Tables, we want to see a world with more successful meetings and events. We believe technology can get us there. For the past few years, customers have been using our platform to design and execute better meetings. This funding enables us to tackle a broader set of industry challenges that will help us reach our vision faster,' said Founder and CEO, Dan Berger.
Based in downtown Washington D.C. Social Tables is a committed member of the rapidly growing D.C. technology community where they employ more than 135 employees and will continue to expand this year. The capital will be used primarily to build and support the next generation products the company is launching in 2017.
'If anyone says DC isn't a 'tech town,' companies like Social Tables are proving them wrong,' said Mayor Muriel Bowser. 'Today's announcement is proof of the District's growing entrepreneurial community - with leaders in data, technology, public policy, and inclusive innovation. My Administration will continue to put more tools in the hands of entrepreneurs, like Dan, to unleash new technologies and industries that will improve DC and put more residents on the pathway to the middle class.'
Earlier this year, Social Tables held a joint press conference alongside Mayor Muriel Bowser, the Obama Administration, and the Washington DC Economic Partnership to demonstrate their commitment to technology and innovation in Washington, DC. Social Tables set a goal to host 100 events for the DC technology and hospitality community in two years. Today, just 9-months later, the space has already played host to more than 90 total events.
'As the official convention and sports authority for the District of Columbia, we applaud Social Tables, a DC home-grown organization, on their Series B raise,' said Greg O'Dell, president and chief executive officer of Events DC. 'Social Tables has transformed the meetings and events industry in our nation's capital with its cutting-edge technology allowing us to cater to a new demographic in our industry. We are extremely proud of Social Tables' steadfast commitment toward enhancing venue and management tools for the next generation of meeting and hospitality professionals.'
About Social Tables
At Social Tables we envision a world where people get together to achieve great things. Every day we make event and meeting planning easy with cloud-based events and hospitality software that helps properties and planners collaborate and save time. To date, more than 1 million successful events have been planned with our desktop and mobile product lines, featuring diagramming, seating, and so much more. Proudly founded and headquartered in Washington, DC in 2011 by Dan Berger, Social Tables has received a total of $22.6 million in funding, and won industry awards including 2015 Innovator of the Year from Catersource and Event Solutions and Best Industry Innovation from ISES. Visit www.socialtables.com or follow @SocialTables on twitter to learn more. Click here to watch a 1-minute overview video of Social Tables.
About QuestMark Partners
QuestMark Partners is an expansion-stage venture capital firm, providing growth capital to exceptional management teams across the U.S. With over $900 million under management, QuestMark targets highly-differentiated, often category-creating companies with the commercial traction and strategic position to support long-term standalone success. Since its founding in 1998, QuestMark's collaborative, insightful, and patient approach to company building has helped many entrepreneurial firms become market leaders, across a range of industries. For more information on QuestMark, visit www.questmarkpartners.com or follow @QuestMarkVC.
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