CrowdCompass Closes $1.3 Million in Series A VC Funding
CrowdCompass branded apps help drive revenue for event organizers and exhibitors.
CrowdCompass has recently closed $1.3 million in venture capital funding in a Series A round led by the Oregon Angel Fund. Based in Portland, Oregon, CrowdCompass is a supplier of branded, native mobile apps for conferences and events. The investment will be used in marketing and to further develop the company’s social-mobile technology for events.
Since 2010, CrowdCompass has been supplying event organizers with one of the easiest and affordable ways on the market to put all the information about their events on all major mobile devices. The CrowdCompass solution helps improve attendee experience, drive additional revenue, and reduce printing costs.
They apps can be branded for each specific event, and are entirely native to each device platform. The platform has already been used by some of the largest conferences in the US; including New York ComicCon, and the annual meetings of The American Society of Anesthesiologists and Lions Clubs International.
CrowdCompass has entered a $264.4 billion per year market with a solid business model, with solid potential for growth:
“Mobile devices have disrupted the personal computing paradigm by changing the way we interact with each other and the world. Events are inherently mobile and social, so mobile apps are perfectly suited to them. This investment will be used to complete development work on our next-generation technology that will offer exciting new ways for attendees to share their experience with their network – before, during, and after the event,” – said CEO Tom Kingsley in a press statement.
CrowdCompass develops native iPhone, iPad, Android and BlackBerry apps for meetings, conferences, events and trade shows of every size. The platform helps companies put interactive, up-to-the-minute information–like schedules, maps, exhibitors, presentations and more–at attendees fingertips.