Finding event space can be tricky at times, but it seems that EventUp is making its mark in the world and creating a really great online community marketplace where producers and venue owners can connect and form long-lasting partnerships. Initially created out of the Science Inc. incubator and supported by Michael Jones, the former CEO of MySpace, EventUp has rocketed out of the gate since February and has grown to have venue listings in major cities like Los Angeles, San Francisco, and New York City.
Today, EventUp is announcing two major things: that it’s expanding its reach once again to the great city of Chicago and that it’s secured $1.8 million in seed funding led by Lightbank, a Chicago-based investment firm that was started by the founders of Groupon, Eric Lefkofsky and Brad Keywell. Since its launch early this year, the company has seen its event space listings skyrocket 100% each month with both private and commercial property owners flocking to the site in order to have it listed. Never has there been a centralized place that will allow venue owners to share their information so that event producers can quickly find their venues. With the launch of the service in Chicago, the company has over 3,000 event spaces available for booking nationwide and it’s only going to grow.
This incredible growth and expansion has probably gotten the attention of both Mr. Lefkofsky and Mr. Keywell. Along with them, Crosscut Ventures, NEA, New World Ventures, and several angel investors have decided to fund the company so that it can continue to expand nationwide and be a great tool for event producers and venue owners. (more…)