Event discovery network IRL raises $16M Series B after refocusing on virtual events
https://techcrunch.com/2020/09/22/event-discovery-network-irl-raises-16m-series-b-after-refocusing-on-virtual-events/
The COVID-19 pandemic impacted the way a number of companies have had to do business. For the event discovery startup, IRL, it meant pivoting into the virtual events space. This April, the startup quickly reacted to government lockdowns and restrictions on in-person gatherings to focus on helping people find their online counterparts and other virtual events, like live-streamed concerts, Zoom parties, esports tournaments, and more. Today, those efforts are paying off as IRL announces $16 million in Series B funding and the expansion of its social calendaring app to colleges.
The new round was led by Goodwater Capital with participation from Founders Fund, Floodgate, and Raine, and comes on top of the $11 million IRL had previously raised, including its $8 million Series A last year.