Allseated, the pioneering space visualization and collaboration platform, has announced a successful funding round of $20 million, with participation from investors including Level Structured Capital (an affiliate of Level Equity), as well as existing backers Magma Ventures, Vestech Partners, NYFF, and WGG.
This infusion of capital will fuel the company’s rapid expansion efforts and support the evolution of its cutting-edge solutions for the global hospitality and event industries.
The past few years have witnessed a transformative shift in the event sector, driven by the pandemic and the increasing prevalence of remote communication and virtual collaboration. Venues and event planners have had to adapt to this new landscape, seeking innovative tools to enhance the selling and showcasing of their spaces. While “static” digital representations have become common in real estate, the hospitality and events space demands solutions that offer greater value and interactivity. Allseated’s unique virtual space and event planning technology stands out by incorporating real-time data analysis, predictive insights, and advanced simulations.
Allseated’s platform goes beyond mere floor planning, transforming digital spaces into immersive collaborative environments. By integrating real-time capabilities and dynamic flows, the platform offers users a rich 3D experience that encompasses spatial design, temporal considerations, and interactive engagement. This approach revolutionizes the way stakeholders conceptualize and interact with event spaces, leading to enhanced precision, creativity, and collaboration.
With this new round of funding, Allseated aims to further expand its product offerings, shifting from floor planning to a comprehensive collaborative space visualization platform. Yaron Lipshitz, CEO of Allseated, commented, “The new funding will help us to continue expanding our product line from floor planning to a full collaborative space visualization platform. It will enable us to continue to grow rapidly and partner with some of the best brands in hospitality, supercharging and differentiating their business.”
As part of its strategic evolution, Allseated is also spinning out its Meetaverse division. This new entity is dedicated to pioneering immersive experiences, including virtual events and corporate environments, within an emerging market landscape.
The funding round was facilitated by San Francisco-based Nfluence Partners as a financial advisor and legal counsel was provided by Fenwick and West. With this injection of capital, Allseated is poised to drive innovation, foster growth, and shape the future of space visualization and collaboration in the event and hospitality sectors.
