The movement behind Avante Price and Eli Taylor-Lemire’s POSH has yet to lose steam.
In April 2023, the co-founders and event planning professionals shared with AFROTECH™ their unified mission for the live events platform.
“POSH was born to democratize the ability for any fan with a passion for live events to get involved in the space with as little friction as possible,” Price, co-founder and CEO of POSH, told AFROTECH™. “Simply put, our mission is to democratize the ability for anyone to earn capital through live experiences.”
POSH raised $5 million in a seed round in 2023, as previously reported by AFROTECH™. New investors are now joining in on its movement to disrupt event management. POSH has raised $22 million in a Series A round, Forbes reports. The round was led by Goodwater Capital, and additional investors included FirstMark Capital, Companyon Ventures, and Epic Ventures. In addition, Day One Ventures was an existing investor.
“We believe that the next social platform with 1 [billion-plus] users will be one that brings people together in person to cultivate real-world human connection,” Goodwater Capital Partner Hatim Khety said, per Forbes. “Humans are inherently social beings, but today’s social companies exacerbate mental health challenges plaguing our society. POSH will become the single largest destination for Gen Z to discover new events to attend, develop authentic relationships, and find a sense of belonging.”
According to the outlet, POSH’s total funding to date is $31 million. The company has “amassed more than 2 million users, processed more than $95 million in ticket sales, and achieved a 1400% [year-over-year] increase in matching attendees to relevant events.”
Following the Series A announcement, POSH plans to launch a “For You” page to personalize social events for users further and continue scaling its team, per Forbes. In 2024, the company has worked with Reddit, OpenTable, Sofar Sounds, Lime, and Anheuser-Busch, among others, according to the outlet.
