DoubleDutch secures £11.4m in funding

Mobile event app provider DoubleDutch has announced the close of £11.4m in Series D funding led by Mithril Capital Management. DoubleDutch says it will use the funding to expand its global presence, build its technical teams and deliver new features to organisers.
 
Previous investors Bessemer Venture Partners, Index Ventures and Bullpen Capital also participated, along with Singapore-based Enspire Capital.
 
Ajay Royan, Co-founder and Managing General Partners of Mithril will now join the DoubleDutch board.
 
“More than three years into our journey, we continue to see signs that the market for data driven event technology is massive, underserved and ripe for a winner-takes-all outcome,” said Lawrence Coburn, CEO of DoubleDutch. “In Mithril, we have found a partner that matches our ambition and outlook.”
 
Royan, said: “Conferences compress 90 days of interactions into 72 hours, but unfortunately few of these connections survive re-entry into daily life. While legacy event companies focus on registration or logistics, DoubleDutch’s platform preserves relationships that foster sustainable, long-term advantages.
 
“They are already working with some of the largest event organisers around the world, and this new investment will allow DoubleDutch to focus on identifying and pursuing new opportunities,” he added.
 
DoubleDutch has raised $37.5m in funding since it was founded in 2011, and its mobile event apps have been used by more than 2,000 events globally.
 
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Paul Colston

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Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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