With over 8,000 paying customers, Confetti remains at the forefront of virtual team building. The funding will fuel innovation, solidifying Confetti's position as a pioneer shaping the future of remote work culture for Mid-Market & Enterprise companies.
(PRUnderground) April 16th, 2024
Confetti, the leading platform for virtual team building experiences, announced today the successful completion of its Series A funding round, raising an impressive $16 million. The investment, led by Entree Capital & IN Ventures, signifies a strong vote of confidence in Confetti’s vision and market performance.
The funding will be pivotal in propelling Confetti into its next phase of growth and innovation. With a strategic focus on transitioning the business to ARR (Annual Recurring Revenue) and launching a company-wide offering, Confetti aims to revolutionize remote work culture and enhance its position as a leader in providing innovative virtual team building solutions.
Commenting on the milestone, Lee Rubin, Founder and CEO of Confetti, expressed gratitude and excitement: “It’s been a beautiful rollercoaster, where we learned a lot. This significant milestone is a testament to our dedication to revolutionizing remote culture and underscores the confidence our investors have in the company’s vision and performance.”
Confetti boasts over 8,000 unique paying customers and has solidified its position as a leader in the virtual team building space. The recent investment will be instrumental in developing company-wide solutions to help organizations manage and improve their culture remotely.
“As we move forward, we are excited about the opportunities that lie ahead and the impact we can make on the future of remote work culture. Confetti remains dedicated to creating engaging and memorable virtual team building experiences that strengthen connections, boost morale, and contribute to the overall success of businesses in this dynamic and ever-changing digital landscape,” Lee added.
Eyal Hakim, Co-founder and CTO of Confetti, also shared his enthusiasm: “We extend our deepest gratitude to our investors, customers, and the entire Confetti team for their unwavering support. Together, we will continue to build a future where remote teams thrive and celebrate success together.”
Confetti has already secured millions of dollars in the pipeline and is poised for robust growth in the coming months. The company looks forward to leveraging the funding to drive innovation and expand its offerings, thanks to new features, including comprehensive reporting and analytics, customizable survey tools, advanced budget allocation capabilities, as well as bespoke branding, and dedicated virtual experiences tailored to individual company needs.
About Confetti
Confetti is the easiest way to discover, plan, and book unforgettable (virtual & hybrid) employee experiences. From hosted games to shippable classes – it is the only platform that takes care of the entire planning process, end-to-end with a happiness policy. Confetti is already used by over 8,000 companies like Apple, Google, and Amazon to build happier, more holistic teams. Learn more at www.withconfetti.com.
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Original Press Release.
