Confetti, a New York-based events and team-building platform, raised $16 million in a Series A funding round led by Entrée Capital and IN Venture.
The platform, which caters to both remote and hybrid teams, organizes a wide range of activities, from virtual baking classes to interactive games, handling everything from ideation to execution. Initially launched as a marketplace connecting companies with event providers, Confetti has evolved into an end-to-end service that prioritizes the delivery of tailored experiences suited to corporate environments.
This pivot to a more comprehensive service model was partly inspired by the founders' realization during the pandemic that a virtual format could significantly scale their business globally. Confetti's transition to virtual events marked a strategic shift that expanded its market reach and allowed for a more scalable business model.
The startup boasts a customer roster including tech giants like Apple, Google, Microsoft, Amazon, and Meta. They're currently generating a $12 million run-rate, and they project to grow to between $15 and $20 million by year-end.
The latest funding round brings Confetti's total raised to approximately $18 million. Previous round investors include AxessVentures, Genacast Ventures, Correlation Ventures, and Entrepreneurs Roundtable Accelerator.