New York-based startup POSH is having its official launch this week, but it’s already been building up a head of steam in the event-management and ticketing business.
The company was founded in 2020 during the early part of the Covid-19 pandemic, and now claims more than 500k users and $30m of tickets processed.
POSH provides tools for people organising events, from ticketing to marketing and promotion. The official launch is accompanied by a $5m seed funding round to help the startup continue to grow, as it sets its sights on picking up business that might otherwise go to the biggest platforms like Eventbrite.
CEO Avante Price (pictured above on left, with co-founder Eli Taylor-Lemire) is coming out swinging on that front.
“Incumbent brands use a pay-to-play model to keep corporate event organizers exclusive to their products. They put their brand before their organizers’ and make it extremely difficult to manage and scale the communities that event organizers work so hard to build,” said Price.
POSH is the latest example of a Black-owned startup exploring this sector – see also Shoobs (although it’s been around a lot longer) in the UK.
Companyon Ventures and Epic Ventures co-led the round, with YouTuber Cameron Dallas and Day One Ventures among the other investors.
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