Customer-To-Customer Platform Bevy Raises $15 Million

By Noah Long ● May 21, 2020
  • Bevy, an enterprise-grade Customer-to-Customer (C2C) platform, announced it raised $15 million in Series B funding

Bevy, an enterprise-grade Customer-to-Customer (C2C) platform, announced it raised $15 million in Series B funding led by global venture capital firm Accel with participation from existing investors Qualtrics co-founder and CEO Ryan Smith and Upfront Ventures.

According to a recent study, nearly 80% of founders reported building a community of users as important to their business. And nearly a third of founders believe community is their moat — which is critical to their success. Bevy helps companies build, grow, and scale their C2C communities. And over the past two years, Bevy has experienced significant growth and is poised to meet these new challenges.

So far, Bevy has signed dozens of well-known customers using the platform for in-person community building. And during these uncertain times, companies like Asana, Atlassian, Duolingo, Salesforce, and Slack rapidly transitioned their community event programs from in-person to virtual with the help of Bevy’s virtual event features. In the past two months Bevy customers’ C2C communities have continued to perform well.

For example, Salesforce has hosted 650 virtual events with nearly 20,000 attendees. And Duolingo hosted 1,000 virtual events in 6 weeks. Plus Startup Grind migrated from 0 virtual events in January to 600 events in June.

Key Quotes:

“Following the COVID-19 outbreak, the old way of marketing no longer works. Successful teams need to rethink their strategy and rewrite their playbooks. Online forums, webinars and virtual events can’t replace the social dynamic of Customer-to-Customer interaction. When you want to build or scale your community virtually, Bevy has every part of that experience for you and your customers covered. It’s completely end to end, and no one has anything like this. It’s not just about hosting virtual events or conferences. Thanks to our virtual event features that tap into powerful analytics, empower your advocates and stay on brand, Bevy helps you build a real community.”

– Derek Andersen, co-founder and CEO at Bevy

“From our experience as early investors in companies that defined the future of work like Atlassian, Slack, and Dropbox, we believe that the team behind Bevy has created a platform that is unmatched in building and growing virtual communities and events at scale.”

– Ryan Sweeney, partner at Accel.

“In less than 3 years, Bevy has built a roster of customers that would take most other enterprise SaaS companies 10+ years to develop. No one in the world understands this space better than Bevy. I’m incredibly excited to join Bevy’s Board of Directors as the need for virtual community experiences is exploding.”

– Ryan Smith