BTN's annual answer book for business travel managers.
Small meetings technology
provider Groupize landed $3.25 million in Series A funding, led by Thayer Ventures.
The investment follows an increased industry focus on simple meetings sourcing and
booking solutions that deliver streamlined, integrated processes for organizing meetings
of 50 and fewer participants. This market, according to GoldSpring Consulting's
Kevin Iwamoto, is a "sleeping giant," estimated at $140 billion, and
many technology players are seeking their piece of the pie. Groupize founder
and CEO Charles de Gaspe Beaubien indicated the company will use the capital to accelerate growth by
investing in sales, customer support and engineering.
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