Hubb Secures $6.3 Million In Series B Funding
November 15, 2018
Event management technology provider, Hubb, has raised a $6.3 million Series B funding round, which was led by Five Elms Capital and includes follow-on investment from Oregon Venture Fund and Elevate Capital.
This latest round brings the tech startup company’s total funding to $10 million, with Joe Onofrio from Five Elms Capital joining the board as part of this round.
Hubb, which develops event management solutions and business intelligence tools designed to bring innovation and data-driven decision-making to the events industry, boasts key clients including Microsoft, Atlassian, Tableau Software, Biotechnology Innovation Association and the Consumer Technology Association (CES).
“We’re thrilled to partner with Five Elms Capital,” said Allie Magyar, founder and CEO of Hubb. “This new funding will allow us to scale our business while we continue to innovate and push the industry towards data-driven decision- making.”
She added, “There is a great deal of momentum in the event technology space and we’re excited to lead the industry’s use of true SaaS technology for meetings and events.”
With the understanding that collecting, managing and marketing event data can be a time-consuming job with limited information available to make informed decisions, Magyar founded Hubb in 2015 as a solution to the problems she faced as a corporate event manager.
With a scalable solution to manage events of all sizes, Hubb is designed to accommodate the toughest workflows that face event organizers.
In addition, Hubb’s real-world application of machine learning and AI provides data and insights to help event managers make smarter decisions around event content and improve event ROI.
As the single source of truth that powers all of an event’s content, the software acts as an event’s central “Hubb,” Magyar added.
“Allie and the Hubb team continue to improve the way events are run. Hubb has built an intuitive, scalable platform that has proven its ability to drive ROI for customers at many of the largest events in the world. Equally impressive is the team and culture that Allie has fostered. We firmly believe that culture is crucial in scaling a world class software business and we are excited to support Allie in her goal of expanding her team and cementing Hubb as a leader in event management,” said Joe Onofrio, Managing Director at Five Elms Capital, a growth equity firm that invests in fast-growing B2B software businesses.
Building upon innovations such as Hubb Meetings, Hubb plans to use the new capital to better support its customers, further scale its business and develop additional event content and meeting management solutions, along with powerful business intelligence tools. The funding will also be used to hire staff in development, sales, customer support and marketing, according to Hubb officials.
“Hubb is fast-growing startup that represents the future of our region, directly contributing to the growth of the local economy with their innovative ideas and execution,” said Nitin Rai, managing director of Elevate Capital.
He continued, “We are happy to continue to invest in Allie Magyar and her team. Their incredible track record over the past two years in building a great event management technology platform and executing on their vision made it an easy decision for us to further invest in Hubb.”
Don’t miss any event news! Sign up for any (or all) of our e-newsletters HERE & engage with us on Twitter, Facebook, LinkedIn & Instagram!
Partner Voices
MGM Resorts is renowned for its exceptional service and diverse venue options across Las Vegas, Detroit, Springfield, National Harbor, Biloxi, and Atlantic City, providing flexible spaces for meetings of any size. Beyond these offerings, MGM Resorts distinguishes itself through a strong commitment to social responsibility and sustainability, making it an ideal choice for your next meeting.
At the core of MGM Resorts' company values is its platform, "Focused on What Matters," dedicated to meeting customer needs while advancing socially responsible practices. This commitment is evident in several key areas:
Protecting Natural Resources
MGM Resorts is home to industry-leading recycling, renewable electricity and water conservation programs. Some highlights include a cogeneration power plant at ARIA, producing ultra-efficient electricity; one of America’s largest contiguous rooftop solar arrays atop the convention center at Mandalay Bay; and onsite wells that provide water for the celebrated Fountains of Bellagio, avoiding reliance on precious Colorado River water. These efforts and many more save on natural resources while boosting attendee satisfaction.
Committed to Community
Always striving to be good neighbors, MGM Resorts works to avoid food waste and combat food insecurity with the Feeding Forward program. In partnership with local food banks, they safely divert unserved food to food insecure members of the community. Since 2016, over 5 million meals have been provided, highlighting MGM Resorts' commitment to minimizing food waste and addressing community needs.
MGM Resorts supports clients in their responsible-meetings efforts, not only with efficient venues but also waste-reducing décor and signage; sustainable food and beverage options; and outreach to help planners communicate sustainability efforts to attendees. What’s more, they offer a Mindful Meetings series that puts attendee wellness first—through fitness and mindfulness activities, and in give-back events with local charity organizations.
Fostering Diversity & Inclusion
To MGM Resorts, a diverse and talented workforce is essential to success. By cultivating innovative strategies that consider multiple perspectives and viewpoints, the company creates an inclusive workplace culture that benefits its employees and community. MGM Resorts takes pride in being a welcoming home for veterans, individuals with disabilities, people from diverse backgrounds, LGBTQ+ community members, and more. This commitment to inclusion is reflected in the company's recruitment and hiring practices and its social responsibility initiatives. From the workplace to the community, MGM Resorts' commitment to diversity, equity and inclusion remains unwavering, and its efforts continue to create a more equitable and sustainable world for all.
MGM Resorts offers unparalleled service and venue options while standing out for its proactive approach to sustainability and community engagement. Choosing MGM Resorts for your next meeting means aligning with a company that values social responsibility, efficiency, and attendee satisfaction, ensuring a meaningful and impactful event experience.
Add new comment