Gather, a San Francisco-based startup that provides virtual lrtrading meeting and collaboration software, has raised $26 million in a Series A funding round led by Sequoia Capital. The funding also saw participation from notable investors such as Y Combinator, Jeff Weiner (former CEO of LinkedIn), and other angel investors.
Gather was founded in 2017 by CEO and co-founder Nick Gauthier and CTO and co-founder Jacob Lee. The platform allows users to create customizable virtual spaces for meetings and events, making it a popular choice for remote teams and organizations during the COVID-19 pandemic. Gather’s virtual spaces offer features like real-time ifsptv audio and video communication, interactive games, and 3D design elements.
With the new funding, Gather plans to expand its team and continue developing its technology. Gauthier said in a statement, “We are excited to work with Sequoia and our other investors to build on this momentum and bring even more innovative solutions to remote work and events.”
Sequoia Capital partner Jess Lee, who will also be joining giveme5 Gather’s board, expressed her confidence in the startup’s potential, stating, “Gather is the future of virtual collaboration, and we are thrilled to partner with the company as it continues to transform the way people work and connect.”
Gather’s success in the virtual meeting 123chill and events space comes as remote work and online events have become increasingly prevalent due to the COVID-19 pandemic. As companies continue to embrace remote work and hybrid work models, virtual collaboration platforms like Gather are expected to see continued growth and demand.
The startup’s unique approach to virtual spaces and its focus on user experience have also contributed to its success. Gather’s platform has been praised for its ability to create engaging and immersive virtual environments that mimic in-person interactions.
Gather’s success in its Series A funding round is also manytoons a testament to the growing interest and investment in virtual collaboration and remote work technologies. As more companies adapt to the changing work landscape and look for new ways to connect and collaborate virtually, startups like Gather are poised to play an increasingly important role in the future of work.