DoubleDutch is Now Cash Flow Positive, Raises New Funding
SAN FRANCISCO (PRWEB) MARCH 08, 2018
DoubleDutch, the leading Live Engagement Marketing platform, announced today that it is cash flow positive and has closed additional funding from existing investors KKR, Bessemer Venture Partners, and Bullpen Ventures, among others.
“We are pleased with the progress that we made in 2017,” said DoubleDutch CEO Lawrence Coburn. “During 2017 we maintained our position as the market leader for mobile event apps and analytics, added a promising new product in the large category of event registration systems, and became cash flow positive. I’m proud of the team, and I’m excited for the future.”
DoubleDutch completed its acquisition of Eventgrid (now “DoubleDutch Registration”), an event registration and marketing platform, in September, 2017. Customers of the product include Adobe, Dropbox, Sony, Northwestern Mutual, and more.
In addition to 2017’s operational achievements and reaching cash flow positive, the company announced that existing investors KKR, Bessemer, and Bullpen Ventures have led a new round of funding.
“The new funding gives us the dry powder to bring DoubleDutch Registration to market, to evaluate additional M&A opportunities, and to continue to stay on offense as we build out the first modern, end-to-end attendee engagement and event management platform for live events and conferences,” said Coburn. “We believe it is still early days for our industry, and we like our position.”
DoubleDutch’s mission is to unlock the business value of human connections by bringing the power of digital to live experiences. The DoubleDutch Live Engagement Platform powers events, conferences, and trade shows for more than 1,700 customers including Akamai, LinkedIn, BlackRock, Bosch, ASAE, SAP, and more. The company has been named one of Deloitte’s 500 fastest growing companies in North America, one of AlwaysOn OnMedia’s 100 Top Private Companies, and one of Forbes’ 10 Hot Companies to Work for in San Francisco. DoubleDutch is based in San Francisco with additional U.S. offices in Phoenix and Portland and a global presence in Amsterdam.