When the idea for Social Tables came to me years ago I had one goal in mind: to make events more successful. Like most early stage companies, it was a side project that grew legs over time.
As growth accelerated so did our need for additional resources. We raised some money, and hired. Raised some more, and started marketing. Raised a lot more, and grew exponentially.
Today starts another chapter of our growth. I’m proud to share with you that we’ve closed another round of funding. This new capital will be used to further our vision of creating a world where people get together — through meetings and events — and achieve great things.
This would not have been possible without the support of an entire community. I am grateful for the hard work of my colleagues, the innovative spirit of our customers, and for the friendship of each of you. All of your support — past and present — has helped enable us to date. I look forward to what the future holds.
On behalf of all of us at Social Tables, thank you for believing in us, encouraging us along the way, and pushing us to improve every day.
– Dan Berger
Founder and CEO
P.S. If you know someone looking to join us on our journey, have them apply.
Social Tables (www.socialtables.com), the SaaS platform that brings cloud-based collaborative event software to hospitality and meeting professionals, has closed a $13 million Series B round led by QuestMark Partners. QuestMark is joined by previous Social Tables investors Bessemer Venture Partners, Thayer Capital, Fortify Ventures, and Middleland Capital. This funding brings Social Tables to a total of $22.6 million raised since it was founded in 2011.
Social Tables enables event planners and properties to work together and manage events online, from small meetings and receptions to city-wide conventions. Social Tables’ network of customers use the platform as the central point of collaboration on everything from an event’s design to it’s execution.
“Social Tables has successfully brought event planning into the 21st century and the company’s growing customer base represents the large market need,” said Brian Matthews, Partner at QuestMark Partners. “We are proud to lead this new round of funding and partner with an exceptional team, as they continue growing the business and product to modernize the industry.”
Today, Social Tables is used by more than 100,000 unique professionals across 4,300 customers, some of which include Hyatt Hotels, House of Blues, and Forbes. More than 1,000,000 events have been planned in Social Tables within the 1.5 billion square feet of event space in the Social Tables network.
“At Social Tables, we want to see a world with more successful meetings and events. We believe technology can get us there. For the past few years, customers have been using our platform to design and execute better meetings. This funding enables us to tackle a broader set of industry challenges that will help us reach our vision faster,” said Founder and CEO, Dan Berger.
“Social Tables has managed to create a can’t-live-without product for venues and planners all over the world. The Convene team and I are excited to think about what they will do with the added resources provided by the Series B. Big congrats to Dan and the team.” – Chris Kelly, Founder and President, Convene
Based in downtown Washington D.C. Social Tables is a committed member of the rapidly growing D.C. technology community where they employ more than 135 employees and will continue to expand this year. The capital will be used primarily to build and support the next generation products the company is launching in 2017.
“If anyone says DC isn’t a ‘tech town,’ companies like Social Tables are proving them wrong,” said Mayor Muriel Bowser. “Today’s announcement is proof of the District’s growing entrepreneurial community – with leaders in data, technology, public policy, and inclusive innovation. My Administration will continue to put more tools in the hands of entrepreneurs, like Dan, to unleash new technologies and industries that will improve DC and put more residents on the pathway to the middle class.”
Earlier this year, Social Tables held a joint press conference alongside Mayor Muriel Bowser, the Obama Administration, and the Washington DC Economic Partnership to demonstrate their commitment to technology and innovation in Washington, DC. Social Tables set a goal to host 100 events for the DC technology and hospitality community in two years. Today, just 9-months later, the space has already played host to more than 90 total events.
“As the official convention and sports authority for the District of Columbia, we applaud Social Tables, a DC home-grown organization, on their Series B raise,” said Greg O’Dell, president and chief executive officer of Events DC. “Social Tables has transformed the meetings and events industry in our nation’s capital with its cutting-edge technology allowing us to cater to a new demographic in our industry. We are extremely proud of Social Tables’ steadfast commitment toward enhancing venue and management tools for the next generation of meeting and hospitality professionals.”
About Social Tables
At Social Tables we envision a world where people get together to achieve great things. Every day we make event and meeting planning easy with cloud-based events and hospitality software that helps properties and planners collaborate and save time. To date, more than 1 million successful events have been planned with our desktop and mobile product lines, featuring diagramming, seating, and so much more. Proudly founded and headquartered in Washington, DC in 2011 by Dan Berger, Social Tables has received a total of $22.6 million in funding, and won industry awards including 2015 Innovator of the Year from Catersource and Event Solutions and Best Industry Innovation from ISES. Visit www.socialtables.com or follow @SocialTables on twitter to learn more. Click here to watch a 1-minute overview video of Social Tables.
About QuestMark Partners
QuestMark Partners is an expansion-stage venture capital firm, providing growth capital to exceptional management teams across the U.S. With over $900 million under management, QuestMark targets highly-differentiated, often category-creating companies with the commercial traction and strategic position to support long-term standalone success. Since its founding in 1998, QuestMark’s collaborative, insightful, and patient approach to company building has helped many entrepreneurial firms become market leaders, across a range of industries. For more information on QuestMark, visit www.questmarkpartners.com or follow @QuestMarkVC.