Live Events Platform POSH Raises $37M Series B Funding Round To Apply AI To Support Organizers – AfroTech
POSH live events platform has raised new funding.
As AFROTECH™ previously told you, the platform was founded by Avante Price and Eli Taylor-Lemire, who met while they were students at New York University. They weren’t strangers to the live events scene, with Price being a DJ and Taylor-Lemire being a photographer.
They knew the industry’s pain points and wanted to improve the experience for students and organizers, so they built POSH in 2019 as a software product and launched it as well as a mobile app in 2023.
“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 said in a previous AFROTECH™ interview. “Simply put, our mission is to democratize the ability for anyone to earn capital through live experiences.”
POSH has evolved since its inception and now also includes a personalized feed and an algorithm that shows users events aligned with their interests. POSH has nearly 6 million users and nearly 50,000 organizers on its platform, according to Forbes.
Fortune reports that POSH has an estimated $40 million in cumulative revenue, processed $350 million in gross merchandise value, and issued 25 million tickets since its inception. Additionally, top organizers have generated more than $10 million on the platform.
Series B
POSH has now raised $37 million in a Series B funding round led by FirstMark Capital. Causeway Ventures, Goodwater Capital, Companyon Ventures, and Epic Ventures also participated in the round. The Series B round includes support from returning investors.
This follows a $5 million seed round in 2023, per TechCrunch, and a $22 million Series A round in 2024.
“6 years ago, people told us a better events platform was a solved problem. 8m users and $350M in GMV later, we’re just getting started. Posh started with a simple belief: events deserve better technology. Since then, thousands of organizers have used Posh to create & grow sustainable IRL communities of every kind – from intimate gatherings to large-scale festivals,” Price said on LinkedIn.
“This milestone was only possible because of the determined team, high-conviction backers, and engaged users whose belief in our vision has never wavered,” he added.
The round will ensure POSH can expand its organizer feature set to support countless use cases, further personalize the consumer experience, and also to integrate AI to support organizers with semantic insights and agentic operations, Price said in the LinkedIn post.
