About Bevy
Bevy is a company based in Palo Alto (United States) founded in 2017 by Alex Bendig. It operates as a SaaS (Software-as-a-Service). Bevy has raised $61.4 million across 3 funding rounds from investors including LinkedIn, Accel and Upfront Ventures. Bevy has completed 1 acquisition, including Eventtus. Bevy offers products and services including Unified Community Platform, Engagement Hub, and Gamification Agent. Bevy operates in a competitive market with competitors including RingCentral, Fuze, Webex, Weave and Mitel, among others.
- Headquarter Palo Alto, United States
- Founders Alex Bendig
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Bevy Labs, Inc.
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Products & Services of Bevy
Bevy offers a comprehensive portfolio of products and services, including Unified Community Platform, Engagement Hub, and Gamification Agent. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for forums, events, and analytics is provided.
AI-powered interaction center for communities is offered.
Participation is turned into progress with gamification tools.
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Funding Insights of Bevy
Bevy has successfully raised a total of $61.4M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $40.0M
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First Round
First Round
(19 Jun 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Series C - Bevy | Valuation | Accel | |
| May, 2020 | Amount | Series B - Bevy | Valuation | Accel | |
| Jun, 2018 | Amount | Series A - Bevy | Valuation | Upfront Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Bevy
Bevy has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LinkedIn, Accel and Upfront Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accel is recognized as a leading venture capital firm.
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Venture capital funding is provided to early-stage companies.
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Early-stage tech startups in GCC, Egypt, and Turkey are funded.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bevy
Bevy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Eventtus. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Planning and networking are facilitated for event organizers and attendees.
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2011 |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bevy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Bevy Comparisons
Competitors of Bevy
Bevy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RingCentral, Fuze, Webex, Weave and Mitel, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions are offered to diverse sectors.
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| domain | founded_year | HQ Location |
Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions.
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Solutions for virtual meetings and training sessions are provided.
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Omnichannel software is delivered for customer engagement in healthcare businesses.
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| domain | founded_year | HQ Location |
Unified communication platforms are managed via cloud-based systems.
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Cloud-based employee communication platform is provided for internal collaboration.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bevy
Frequently Asked Questions about Bevy
When was Bevy founded?
Bevy was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Bevy located?
Bevy is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Bevy a funded company?
Bevy is a funded company, having raised a total of $61.4M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.4M, raised on Jun 19, 2018.
What does Bevy do?
Bevy is established as a provider of a unified community engagement platform. Solutions are offered for forums, events, groups, and gamification, targeting enterprise community leaders. Integration with CRM systems like Salesforce and HubSpot is supported, alongside AI-driven agents for enhanced interaction. Real-time analytics and ROI tracking are provided to connect community activities to business impact. The platform is utilized by top brands to foster vibrant, user-led communities across various sectors.
Who are the top competitors of Bevy?
Bevy's top competitors include Webex, Bandwidth and RingCentral.
What products or services does Bevy offer?
Bevy offers Unified Community Platform, Engagement Hub, and Gamification Agent.
How many acquisitions has Bevy made?
Bevy has made 1 acquisition, including Eventtus.
Who are Bevy's investors?
Bevy has 8 investors. Key investors include LinkedIn, Accel, Upfront Ventures, Ryan Smith, and Steve Blank.