Virtual event and engagement platform Airmeet has announced raising $35 million in a Series B round of funding from Prosus Ventures, Sistema Asia Capital , RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures, and consultancy firm Nexxus Global. Returning investors Sequoia Capital India and Accel India also participated in the round.
The startup will utilize the funds for expanding its footprint in the global marketplace and in research and development functions. It will also use the equity capital for scaling its go-to-market function and in strategic activities for brand visibility in the international market, said a statement issued by the company.