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Banzai Plans To Expand SaaS Event Marketing Platform After Securing $15M In Funding

The event platform looks to further accelerate its growth and break into profitability.

Banzai Plans To Expand SaaS Event Marketing Platform After Securing $15M In Funding
Kelly Lindenau

Banzai, an event platform, successfully closed $15 million in venture debt funding. The funding was led by investment firm Columbia Pacific Advisor, with additional investment from Gaingels, a venture syndicate that’s focused on helping companies build a culture of diversity and inclusion.

The new capital will be used to help Banzai better service its growing client roster. Additionally, it aligns with the company’s near-term plan to reach profitability while maintaining a triple-digit growth rate.

“Going forward, companies will win or lose based on their ability to educate and engage with their buyers,” said Joe Davy, CEO of Banzai, in a statement.

“This allows Banzai to accelerate growth and provide solutions that enable results-driven marketers to adapt and thrive in the changing world of event marketing. The team at Columbia Pacific shares our values of strategic growth and building an enduring company. We’re excited to have them as partners.”

This story premiered on our sister site, DemandGen Report.