Eventbase Lands $2 Million From New SXSW Venture Capital Fund
Eventbase, the creators of the official SXSW Go Mobile app, have raised $2 million in Series A funding directly from the festival.
With 6000 official events and countless unofficial ones, building an app for SXSW has proven an effective calling card that has landed the startup a number of other trade shows and other events.
Still $2 million from your lead customer is quite an impressive endorsement for Eventbase; and its not a bet that SXSW is anxious to make again anytime soon.
“This is the first of its kind. We formed this LLC specifically for Eventbase,” SXSW CTO Scott Wilcox told TechCrunch. And although he is decidedly not on the lookout for other investments, “We wouldn’t rule that out.”
Competitor DoubleDutch raised $19 million in a Series D in late August.