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Communities Enterprise Events North America Social Network Software

Bevy raises $40M for enterprise events in deal anchored by 25 Black investors

– Bevy has raised $40m at a $325m valuation to grow its platform for staging virtual events for enterprises.
– And it has also broken a diversity barrier by bringing 25 Black leaders on as investors.
– Palo Alto, California-based Bevy helps enterprises build, grow, and scale their global customer communities using its platform for virtual, in-person, and hybrid digital-physical events.
– The funding came from Accel Partners, LinkedIn, Qualtrics cofounder Ryan Smith, and Upfront Ventures.
– About 70% of the individuals participating in the round — representing 20% of total funds raised — are Black investors, including diversity pioneer James Lowry, Facebook board member Peggy Alford, and Beats by Dre marketing exec Omar Johnson.

Artificial Intelligence Enterprise Enterprise Software Machine Learning North America

Allganize Raises $10M in Funding

– Allganize is a San Francisco, CA-based provider of NLP technology that allows enterprises to automate answering questions from a myriad of unstructured text documents.
– The company raised $10m in funding.
– The round was led by Atinum Investment, with participation from Stonebridge Ventures, Sumitomo Mitsui Banking Corporation and existing investors.
– The new investment will be used to accelerate the company’s research and development, global expansion, and increase headcount in 2021.

Advertising E-Commerce Enterprise North America Sales Automation SMS

Postscript Raises $35M in Series B Funding

– Postscript is a Scottsdale, Ariz.-based text message marketing platform for Shopify stores.
– Company raised $35m in Series B funding led by Greylock Partners with participation from YC Continuity Fund, OpenView, and others.
– The new investment will be used to further develop products with immediate investment into new features and improvements that continue maximizing SMS as a customer lifecycle channel and delivering ecommerce experiences over SMS and grow the team with additional talent in customer success, engineering, and go-to-market.

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