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Carats &Amp; Cake Raises $19.3 Million To Transform How Venues Do Business

Dec 21, 2021•over 3 years ago

Amount Raised

$19.3 Million

EventsData And AnalyticsMedia And EntertainmentSoftware

Description

Carats & Cake, the first integrated marketing and point-of-sale financing solution for venues and property groups, today announced $19.3 million in financing led by Acrew Capital and Founders Fund. Today’s financing enables the B2B company to expand its role as a full-stack partner to event venues and property groups driving client discovery and marketing as well as digital invoicing and Buy Now, Pay Later (BNPL) financing. The investor syndicate further includes 1Sharpe Ventures, Moore Specialty Credit, Correlation Ventures, GMO VenturePartners, and Socially Financed as well as prominent individuals including SaaS pioneer Zach Nelson, investing legend Peter Lynch, experienced fintech leader and founder of Money20/20 Jonathan Weiner, and private equity entrepreneur Oskar Lewnowski. Carats & Cake’s innovative fintech solutions now bring the omnipresent BNPL consumer experience to events, improving cash flow and management, accelerating conversions, and setting a new industry standard for digital payments across property groups and the events they host.

Company Information

Company

Carats & Cake

About

Carats & Cake is the first integrated marketing and point of sale financing solution for venues and property groups. Built by industry leaders, Carats & Cake has cultivated nearly a decade of trust with best-in-class businesses. We’ve created a space that connects our highly-engaged community with top industry venues and properties, and industry professionals. Founded in 2013 as a marketing and discovery platform, Carats & Cake now has the fastest-growing online and social communities in the $100B events industry. We continue to innovate with tools that empower businesses to run more efficiently by seamlessly connecting our marketing foundation with the sales and financing solutions venues and property groups need most.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech