About Virtual Event Bags
Virtual Event Bags is a company based in Charlotte (United States) founded in 2010 was acquired by ACTIVE Network in December 2015.. Virtual Event Bags has raised $1.4 million across 3 funding rounds from investors including ACTIVE Network and IMAF Charlotte. The company has 1,119 employees as of December 31, 2017. Virtual Event Bags offers products and services including Virtual Event Bags Platform. Virtual Event Bags operates in a competitive market with competitors including YouthsToday, SponsorHub, HelloSponsor, Uconnect and OnSpon, among others.
- Headquarter Charlotte, United States
- Employees 1119 as on 31 Dec, 2017
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Active Network, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.4 M (USD)
in 3 rounds
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Latest Funding Round
$101.77 K (USD), Series A
Dec 18, 2012
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Investors
ACTIVE Network
& 1 more
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Employee Count
1119
as on Dec 31, 2017
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Acquired by
ACTIVE Network
(Dec 07, 2015)
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Products & Services of Virtual Event Bags
Virtual Event Bags offers a comprehensive portfolio of products and services, including Virtual Event Bags Platform. 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.
Platform for digital content creation and sponsor engagement tracking
Funding Insights of Virtual Event Bags
Virtual Event Bags has successfully raised a total of $1.4M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $101.77 thousand completed in December 2012. 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 A — $101,770
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First Round
First Round
(16 Apr 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2012 | Amount | Series A - Virtual Event Bags | Valuation |
investors |
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| Apr, 2012 | Amount | Seed - Virtual Event Bags | Valuation |
investors |
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| Apr, 2012 | Amount | Series A - Virtual Event Bags | Valuation | IMAF Charlotte |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Virtual Event Bags
Virtual Event Bags has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include ACTIVE Network and IMAF Charlotte. 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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Founded Year | Domain | Location | |
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Cloud-based software is provided for managing outdoor events and activities.
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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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Founded Year | Domain | Location | |
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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 Virtual Event Bags
| 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 |
Financial Statements - Virtual Event Bags
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Virtual Event Bags Comparisons
Competitors of Virtual Event Bags
Virtual Event Bags 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 YouthsToday, SponsorHub, HelloSponsor, Uconnect and OnSpon, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Youth events are connected with sponsors through an online platform.
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| domain | founded_year | HQ Location |
Social media analytics and sponsorship marketplace for events are provided.
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| domain | founded_year | HQ Location |
Events and brands are connected online for sponsorship opportunities.
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| domain | founded_year | HQ Location |
Esports sponsorships are connected via an online marketplace.
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| domain | founded_year | HQ Location |
An online platform that connects sponsors with event managers for seamless partnerships.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Virtual Event Bags
When was Virtual Event Bags founded?
Virtual Event Bags was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Virtual Event Bags located?
Virtual Event Bags is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is Virtual Event Bags a funded company?
Virtual Event Bags is a funded company, having raised a total of $1.4M across 3 funding rounds to date. The company's 1st funding round was a Series A of $650K, raised on Apr 16, 2012.
How many employees does Virtual Event Bags have?
As of Dec 31, 2017, the latest employee count at Virtual Event Bags is 1,119.
What does Virtual Event Bags do?
Virtual Event Bags is a platform that helps event organizers to connect sponsors with participants. Using the platform event organizers can invite sponsors to create placements and goodies in the event bags, share the bags with attendees, and sponsors can have real-time analytics of the placement report to monitor engagement. Claims to have distributed over 9 million bags for over 1,000 customers in North America, Australia, Europe, and Africa as of 2015. Some of the events that use the platform are Ragnar Relay Series, Bizbash, 500 Festival, Pittsburgh Marathon, and Paddlefest etc. Pricing starts at 500 per event.
Who are the top competitors of Virtual Event Bags?
Virtual Event Bags's top competitors include OnSpon, YouthsToday and HelloSponsor.
What products or services does Virtual Event Bags offer?
Virtual Event Bags offers Virtual Event Bags Platform.
Who are Virtual Event Bags's investors?
Virtual Event Bags has 2 investors. Key investors include ACTIVE Network, and IMAF Charlotte.
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