WeddingWire, a Chevy Chase, Maryland-based technology company serving the wedding and events industry, has received a $25m investment from Spectrum Equity.
The company intends to use the capital to expand its product offerings for both consumers and local businesses, as well as its sales and marketing efforts.
Led by Timothy Chi, CEO and co-founder, WeddingWire offers a large directory of wedding and event professionals, including user reviews. Additionally, it provides local businesses, from venues to photographers, with a comprehensive suite of advertising, marketing, business management, and networking solutions. Its Software-as-a-Service (SaaS) platform is currently used by more than 125,000 local businesses across the U.S. and Canada.
In conjunction with the funding, Ben Spero, Managing Director at Spectrum Equity, and Pete Jensen, Principal at Spectrum Equity, will join WeddingWire’s Board of Directors.