Tag: EventX

Hong Kong – Event SaaS company EventX has announced plans to acquire meeting platform Toasty to enhance its company growth in Asia with a focus on hybrid event management solutions. 

Through this strategic acquisition, EventX will continue to broaden the product range and maximise the capabilities in hybrid event solutions that enable their clients to grow by delivering next generation event technology solutions. 

This will also help accelerate the company’s strong growth across its hybrid event management solution, and its recently launched metaverse-enablement solution to strengthen the value proposition to both Asian clients and partners. 

Founded in 2020, Toasty was designed to bring interactive workshops online and has since become the video meeting platform that is intentionally interactive to incorporate various social capabilities. The platform is used by over 16.5K participants and available in over 25 countries.

Sum Wong, CEO of EventX, said, “The acquisition partnership further cements our position as the leading hybrid event management solutions provider in the industry. We are very excited to enter into this partnership with Toasty to drive further growth and value creation to strengthen our operation in Asia.”

Meanwhile, a spokesperson from Toasty commented, “We believe that we will be in an even better position for the next phase of our growth with our new partner EventX. Together we will bring in next-gen event technology to the industry and better serve our clients in Asia.”

Singapore – Event SaaS company EventX has announced that it will be offering three months worth of free corporate trial to SMEs to host their events virtually amidst at rising COVID-19 challenges of hosting business events.

EventX’s virtual event platform strives to serve companies of all sizes to let them spot new business opportunities by enhancing audience reach, helping small and medium enterprises or even the startup community to strategically harvest leads through engaging and interactive events with its extensive expertise in event management. 

Through the trial, small enterprises can also explore potential business opportunities by using the EventX platform to conduct e-commerce livestreaming to attract online shoppers and expand their business on an international scale. EventX differs from other virtual event platforms in its interactive functions, such as clicking the raise hand button to ask questions, sending emojis, polling and more. 

Organisers can clearly capture the audience’s real-time reactions and respond to questions instantly. Enterprises can also make good use of the product showcase function to customise their own virtual product catalogues, which allows attendees to browse the top recommended products.

For Sum Wong, CEO of EventX, through understanding the urgent demand of SMEs for the need of capturing new business opportunities from the digital economy, they want to step up their efforts to relieve businesses’ operating pressures.

“We strive to be the pioneer in the industry to launch the initiatives and take an active part to tide over the hard time hand in hand with our community. SMEs can make best use of our virtual event platform to develop their business, discover potential customers and convert them into business opportunities, or even expand their overseas markets,” Wong said.

Hong Kong – EventX, the SaaS company providing hybrid event management solutions for businesses, has secured a Series B plus funding of US$8m, which brings the company’s Series B total to US$18m. This funding was led by venture capital investment company GL Ventures, with participation from other investors.

The new funding of EventX will be used for financing potential acquisitions, strengthening its international operations, and expanding its presence in Asia, particularly in Taiwan and SEA, with further investments in product development by scaling their products to transform virtual events with innovative offerings. 

In addition, EventX will continue to expand its footprint in Asia with engineering, business development, and new leadership hire. It will also tap into VR solutions that support a digitalised world and stay ahead of the curve in this ever-changing technological environment. 

Sum Wong, the CEO of EventX, shared that enterprises are already evolving themselves into the digital world and looking for a platform to create an innovative and targeted event for their audience and generate leads. 

“Platform development will always top our first and foremost priority as we strive to stay competitive and make our customers ready for any business opportunities,” said Wong.

Singapore – EventX, the SaaS company providing hybrid event management solutions for businesses, has announced its expansion to SEA with the official launch of its Singapore operations, supporting its growth efforts in the region.

The expansion comes after EventX closed its US$10,000,000 series B funding round. According to the company, its business in Asia has grown significantly in recent years, and they are committed to continuing to expand its presence in the key Asian markets.

Sum Wong, EventX’s CEO and co-founder, shared that SEA is experiencing rapid digitalization to varying degrees, and with this, they have seen a growing hunger from businesses in Singapore to adopt technologies that would fit the needs of today’s world.

“Singapore is one of the key markets for EventX’s growth and we’re thrilled to empower our clients with a hybrid event management solution to accelerate their businesses anywhere and anytime without limitations,” said Wong.

In addition to the expansion, EventX will be offering new clients in Singapore with free platform trials, which can hold up to 1,000 attendees with unlimited time duration, which is available until December 2021.

Hong Kong – Realizing the greater need for virtual event management platforms in the Asia-Pacific region, virtual event platform EventX has announced an alliance with virtual reality (VR) company HTC VIVE, following its conclusion of a US$10m funding from its series B funding.

Aside from the funding being led by HTC VIVE, the funding also saw participation from Gaocheng Capital, a top China-based private equity fund focused on enterprise software and technology-enabled services sectors.

EventX’s virtual event management platform has been well-used in the region, especially for events that involve Mainland China attendees where its unique design architecture overcomes internet firewalls to enable the service of any cross-region events. Meanwhile, HTC VIVE has gained great attention and acclaim for its strides in VR research and development. By combining the knowledge pools of the two respected digital trailblazers, a range of unique experiences is set to be developed through this strategic alliance. 

A major player for the rise of these virtual event management platforms can be attributed to the COVID-19 health pandemic, which has drastically curtailed travel and how people spend time in crowded places, decimating the wider event industry, estimated to be worth more than US$1t annually before the pandemic. 

COVID-19 has permanently transformed the professional events category and in turn raised attention to venture capitalists to pour in massive capital to the virtual event software space.

Speaking about the partnership, Sum Wong, co-founder and CEO at EventX, said, “It is certain that virtual workspaces and virtual events will become the new norm. The creation of this alliance will result in a deep level of integration between our own expertise and HTC VIVE’s groundbreaking work in the VR space. This collaboration will result in EventX bringing virtual and hybrid event experiences to a brand new level of immersion and interactivity. To take the responsibility as one of the event industry leaders, EventX will keep exploring new possibilities of event technology, popularizing the application, and creating users’ needs.”

EventX is going to invest heavily in products and engineering for leading the recovery of the events industry during the current pandemic, which will not only stabilize and solidify existing virtual event services but carve out new spaces and opportunities for the marketing and event industry. 

Meanwhile, Joseph Lin, president of VIVEPORT said, “VR has the power to improve the world. At HTC VIVE we strive to create the tools to expedite VR adoption — using not only our VR devices but also computers, tablets, and smartphones — and interact effectively. The strategic alliance with EventX illustrates HTC VIVE’s continuous efforts in providing people and enterprises with the tools to meet, socialize, and learn in VR and beyond. Massive possibilities and enthusiasm can be seen in this partnership to bring people closer together without any geographical boundaries.”

With their unique China accessible ability and together with HTC VIVE, they will be adopting VR and prospecting technology into the core capabilities of the event software-as-a-service (SaaS) product to make it accessible and reinvent the virtual event experience. For the first attempt to add VR and prospecting technology into core capabilities, they would be releasing a virtual event lite platform and open it for segments such as NGOs, SMEs and startups to register and organize virtual events for free.