InXpo, a Provider of Virtual Events, secured $9 Million in first-round funding led by Highland Capital Partners.
The funds will be used to expand market leadership and drive innovation in virtual events industry.
Chicago-based InXpo’s suite of solutions includes Virtual Trade Shows, Virtual Career Fairs, Virtual Corporate Events and Virtual Business Communities, as well as Audio and Video Webcasts. These virtual solutions have the advantage to reduce travel time and related costs, in addition to making the world a greener place to live.
Commenting on the recent growth of the company, Malcolm Lotzof, CEO of InXpo said”We have always known that continuously increasing travel costs and related inconveniences, combined with rapidly improving social media technologies, would make the adoption of virtual events a force of nature rather than a question. The current economic landscape has fueled this transformation and as a result, InXpo is accelerating the delivery and robustness of its platform to deal with the related surge in demand for its products and services”.
InXpo’s global customers include AAA, Cisco, Forbes, PennWell, Procter & Gamble, TechTarget and Ziff Davis Enterprises.