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Tech Startup Bevy Raises $40M Series C to Break Diversity Barriers in Tech and Empower Its Black Employees

Tech startup Bevy — the only enterprise virtual, hybrid, and in-person event community platform on the market — announced that the company has just secured a $40 million Series C funding round in an effort to continue helping companies expand their global customer communities and drive radical change for diversity and inclusion in tech. The funding round was led by Accel Partners — for the second time in the past year — with participation from other investors such as LinkedIn, Qualtrics co-founder Ryan Smith, Upfront Ventures, as well as over 25 top Black leaders in the tech industry. Bevy — currently operating with a completely remote workforce located in 10 different countries on four continents — plans to use the new funding to expand its team from 100 employees to 250 later this year. Not only does this new funding round mark a major milestone for Bevy, it also outlines the company’s intentions to establish more diversity in tech so it deliberately carved out more space to allow...

Njera Perkins

Mar 24, 2021