AllSeated Secures Funding from Magma Ventures Partners

AllSeated secures funding to continue digitizing the events industry and growing its network

May 18, 2015, 08:00 ET from AllSeated

SAN FRANCISCO, May 18, 2015 /PRNewswire/ -- AllSeated, the fastest growing network for the events industry providing its users with comprehensive planning and collaboration tools, has secured funding from Magma Venture Partners alongside new and existing investors.

AllSeated is rapidly expanding its network connecting tens of thousands of event professionals, including venues, caterers, event planners, vendors as well as DIYs. The Network functionality includes floor plan management, table layouts, guest lists, seating arrangements, timelines and reports. Users include leading brands such as Hilton, Marriott, The Ritz Carlton and The Plaza.

"It's all about providing our users with time-saving, secure, easy to use, powerful tools to plan their events collaboratively.  Our vision is to build a mass network and make a difference for an entire industry," said Daniel Anisman and Sandy Hammer AllSeated founders.

"We are thrilled to partner with Magma and their team on this amazing ride and are looking forward to tapping into their vast experience in growing successful companies. In the coming year we'll focus on extending the collaboration and communication features, as well as continue to digitize the analog process that exist in the day-to-day workflow of event planning," added Yaron Lipshitz, CEO of AllSeated.

Modi Rosen, Managing Partner of Magma Venture Partners, who will be joining the Board along with Herb Madan, said "This market is ripe for disruption and the great thing about AllSeated is that it is born out of the pains of the industry, created for the industry professionals, by industry professionals. The team has vast experience in the industry and genuinely understands it. They scrutinized the elements that people were having problems with, and even from the very first release you could see that all that listening and understanding had absolutely paid off. With a great user loyalty and engagement we know we will be building something momentous and significant."

About AllSeated – The fastest growing network for the event industry, powered by comprehensive set of tools. Venues, planners, caterers, vendors & DIY's meet and collaborate to create events. With AllSeated's state-of-the-art cloud based tools, events are easily created, accessed and updated. www.allseated.com

About Magma – Magma is a leading Israeli venture capital firm specializing in investments in new media, semiconductors, software as a service (SaaS) and communication. Magma was the first to back some of the most innovative and successful Israeli-related early-stage startups, including Provigent, Wintegra and Waze.  To learn more about Magma Venture Partners, visit www.magmavc.com

SOURCE AllSeated



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