Italian startup Kampaay, a platform that streamlines event organization, has won a €580,000 ($689,000) funding round to expand its solution.
The firm, founded out of Milan’s Politecnico university, hooks events planners up with various aspects of the equation including food and drink, staff, audio/video, locations and cleaning. It also allows providers to advertise their services.
Today’s is the second round the company has won, following a €90,000 ($107,000) seed injection it earned last year. This round, from private Italian and international investors, will help Kampaay’s founders scale out into Turin, Rome, and the Nordics beginning in Stockholm.
It will also finance an employment drive, as Kampaay ramps its offering beyond Milan. “This is a great achievement for our startup considering the difficult context in which we find ourselves,” said the firm’s co-founder and CEO Daniele Arduini, referencing the coronavirus pandemic that has destroyed the events industry in Europe and beyond.
“The funds will be primarily used for technology, team and growth in new markets,” he added. “Our technology asset will be further developed to integrate virtual experiences and other new features for physical events. For this reason, teams from the IT and product areas will be strengthened, but also marketing and sales, completing skills to ensure scalability.”