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Event Promotion Events Marketing Marketing Automation North America SaaS Software

Banzai Raises $15 Million in Venture Debt Financing to Grow its SaaS Event Marketing Platform

– Banzai announced today the successful closing of $15m in venture debt funding.
– The funding was led by Columbia Pacific Advisors and will enable Banzai to expand further to service the company’s ever-growing roster of customers, which includes companies like Nextiva, Red Hat, DataRobot, and Egnyte, along with over 3,000 other customers.
– In the past six months, Banzai has expanded their virtual event and webinar solutions through two critical acquisitions, including virtual event platform High Attendance and browser-based webinar solution Demio.
– The new funding aligns with Banzai’s near-term plan to reach profitability while maintaining a triple-digit growth rate.

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