Black Founders Raises $37M to Build the Event Platform for the Culture
The event and ticketing platform has raised $37 million in Series B funding, according to Fortune. The round was led by FirstMark Capital, with participation from Causeway Ventures, Goodwater Capital, Companyon Ventures, and Epic Ventures.
New York University students Avante Price and Eli Taylor‑Lemire founded Posh in 2019 after experiencing the limitations of Eventbrite. Speaking to Fortune, Price said, “I was using Eventbrite and other products to manage events, and then realized that the technology components were missing a ton of the capabilities that I needed.”
About Posh
Price and Taylor-Lemire, both rooted in the events and entertainment industry, have used their experience to address the gaps they observed firsthand.
Their personal journeys in the nightlife and entertainment sectors have equipped them with unique insights into the needs of event organizers and attendees alike.
The platform is a hub for event creation, discovery, and management. It allows users to find, create, and manage events. It also serves as a social network, as users can see which events their friends are attending. More importantly, it allows organizers to sit at the centre of the business, with top organizers generating over $10 million on the platform.
Posh made around £10 million in revenue on more than $83 million in ticket sales. It also raised $22 million in Series A funding that year. The platform has big clients under its belt, including Lamborghini, Adidas, the NBA, Celsius, HBO, and Complex.
Series B funding
The funding will allow the company to expand its platform, improve its event discovery features, and enhance its user and organizer ecosystem.
Image: POSH
