Photo Credit: Mackenzie Marco
Events.com secures a $100 million capital commitment from Global Emerging Markets.
Events.com has announced that it has secured a capital commitment of $100 million in the form of a Share Subscription Facility (SSF) from the Global Emerging Markets (GEM) Global Yield Fund. The SSF will accelerate the company’s growth through acquisitions, partnerships, and initiatives. Under the agreement, Events.com will be able to draw up to $100 million following an equity exchange listing.
Events.com has recently acquired several companies, including the leading artificial intelligence and machine-learning event discovery company, an event sponsorship technology company, and an industry-leading ticket company. The company will soon announce a fourth acquisition. All of these acquisitions will lead to a significant expansion in 2023. Events.com is also looking to acquire other companies.
“We are delighted that GEM has committed $100 million to Events.com,” says Mitch Thrower, Co-Founder and CEO of Events.com. “GEM’s financing is a proven catalyst for the companies who are fortunate to partner with them.”
“In addition to this financing, two major trends are converging in our favor: first, the massive recovery of the event sector as the world gets back together, and second, the continued growth of the experience economy. People increasingly value experiences above purchases. We’re here to help people experience the most meaningful moments of their lives with the best technology available.”
“We are proud of what we have accomplished, especially during the past few years,” says Stephen Partridge, President and Co-Founder of Events.com. “During the most challenging times for the event industry, Events.com has supported its clients, protected participants, and has continued to achieve major product enhancements, including the successful integration of several acquisitions.
“This funding from GEM will help further our growth as we prepare to scale and continue to lead the industry forward. The accelerated launch of the Events.com platform and the unfolding of the Events.com story will redefine our sector; for this, we are both grateful and proud.”