Veertly receives CHF 2 million seed funding to accelerate growth of their platform for virtual & hybrid events and digital collaboration

25.10.2021 18:00, Guillaume Tinsel

Veertly, the European platform for virtual & hybrid events and digital collaboration, takes off following a successful bootstrapping and seed funding campaign. After one and a half years of bootstrapping, Veertly receives seed funding of CHF 2 million from VC coparion and renowned Business Angels. The investment is used to accelerate further growth by the expansion of the sales and marketing teams and by adding technical innovations of the all-in-one platform.

Veertly digitizes events from 20 up to 10’000 attendees and sets new standards for virtual live interactions. The platform is the most flexible in the market and designed for both virtual and hybrid needs. It offers a wide range of integration options for third-party tools creating unlimited opportunities for new collaboration experiences: Conferences, business workshops, team events, exhibitions, or even sales events can thus be carried out on one platform in a highly customized way. Veertly is hosted on servers in the EU.
The young company's customers already include well-known brands such as the unicorn Personio, the German Association of the Automotive Industry (VDA) and the Impact Hub – a worldwide network of creative co-workers. The association of German SMEs, BVWM, as well as renowned universities from all over the world, such as ETH Zurich, also work with Veertly. Numerous event agencies prefer Veertly because of its white-label setup and the possibility to seamlessly integrate applications from Veertly’s marketplace. Among others, major events such as the Mercedes Benz Social Media Night or the Mautic World Conference were already held on the Veertly platform.

Experienced event host Dan Ram, who moderated the World Economic Forum, SXSW, and the Web Summit, among others, is also convinced of Veertly: "As beautiful, inspiring, and important personal meetings and interactions at events are - I believe that the future of many events will be hybrid because often virtual formats are simply less complicated. That's why we need strong platforms like Veertly that enable efficient yet motivating and interactive participation for guests, organizers, and even presenters like me."
"We also expect virtual and hybrid events to remain of central importance in the future. Besides the sustainability aspect, this is also much more effective and efficient for guests, organizers, and speakers. We see that even after the initial hype, the demand for our offer continues to skyrocket in recent months," says Alexander Spahn, co-founder, and CEO of Veertly.

The recently concluded financing round is now to be used primarily to accelerate growth by investing in the areas of sales and marketing as well as in the further development of Veertly's product innovations. Investors include venture capital fund coparion, which specialises in technology-driven start-ups; Ronald Straessler, co-founder of Avaloq, a leading Swiss software and financial services company; and business angels Hartmut Carl, CEO of Carl Group, an expert in event and trade fair technology, Stephan Thalmann, Sebastian Amme and Peter Kessel.

"We are very pleased to announce our investment in Veertly and to support the founders on their further journey. The entire Veertly team has proven their competencies in identifying customer needs and implementing appropriate features promptly. We are excited to be part of this journey and to work with the team to revolutionize the way we organize events and collaborate remotely in the future," said Stefan Martinez, Investment Manager at coparion.

In 2019, two of the three Veertly founders (pictured left from left to right Joao Aguiam, Alexander Spahn, and Joschka Schulze) met at a blockchain hackathon and won. However, they turned down the funding that came with it - in order to pursue their vision of the virtual collaboration platform. The founders then developed a functioning prototype, and the company was officially founded in October 2020. "We always like to compare ourselves to a Swiss Army Knife, because Veertly combines all the tools needed for digital communication in one platform," explains Joao Aguiam, Co-Founder and CTO of Veertly. "We ourselves work 100 per cent remotely and therefore know how important optimal, digital collaboration is for the success of a team and thus also of a company. We are all the more pleased that large, international companies are relying on our platform. As a German-Swiss start-up, we are very proud to have already established ourselves in the market and to be measured against the big communication platforms from all over the world."

Veertly was recently selected to be part of the Swiss National Startup Team with the Venture Leaders Technology 2021.