Startup Watch: Eventup Raises $1.8M

June 5, 2012 | AUTHOR: Julius Solaris | POSTED IN: event-startups

Eventup, a venue marketplace a la Airbnb closed a $1.8M round of funding. Here is what you need to know.

It’s fantastic news when an event startup closes a successful round of funding.

Alexia Tsotsis reported yesterday on Techcrunch the story. She also interviewed Tony Adam, their CEO.

What Is Eventup?

Eventup is a marketplace for owners looking to promote their unique spot and event lovers looking to book a quirky venue for their next gig.

I have reviewed similar services such as imbookin. The concept is very simple and fits into the “let’s-get-rid-of-the-middleman” movement.

The service is available in NYC, LA, Chicago and San Francisco.

Investors <3 Marketplaces

It looks like marketplaces are becoming the target of VCs and angels. A few months ago Eved raised $9.5M and Cvent, which offers an RFP system with a huge suppliers network, secured a massive 135$ round last July.

The most successful ventures on the Internet are traditionally marketplaces such as eBay or Amazon. It looks like the event industry is getting its own dose of eCommerce done the proper way.