Held at the EDA’s Commercialization Center for Innovative Technologies, semi-annual NJ Founders & Funders events introduce entrepreneurs to investors in 10-minute one-on-one “speed dating” match ups, paving the way for emerging companies to attain the funding they need to grow in the state. (May 12, 2016) –New Jersey Founders & Funders events are beginning to bear fruit, as Bergen County-based Eventcombo recently received funding from NJIT Highlanders Angel Network as a result of the New Jersey Economic Development Authority (EDA)-hosted program.
“We are glad to have played a role in matching Eventcombo with NJIT Highlanders, and we look forward to many more success stories.” Eventcombo offers an online ticketing platform for events across all the major cities in the United States.
The company plans to launch version 2.0 of its platform within the next few weeks.
The “self-service” platform will bring added value to event organizers, enabling them to “bundle” other amenities event-goers might need along with the tickets, including dinner reservations, merchandise and parking and eventually branding.
Eventcombo received the award for Most Innovative Product/Service at the New Jersey Technology Council’s 2015 Venture Conference.
Eventcombo Co-Founder and Chief Marketing Officer Joseph Kaufman noted that NJ Founders & Funders was the first time his company met with NJIT Highlanders.
It was as a result of one-on-one conversations at the event and subsequent meetings that NJIT Highlanders investors chose to support Eventcombo.NJIT Highlanders participated in Eventcombo’s latest round of funding, which was led by Jump Start New Jersey Angel Network.Both NJIT Highlanders and Jump Start New Jersey attended last week’s NJ Founders & Funders event.“From the minute we met Eventcombo we were impressed,” NJIT Highlanders Investor Cristian Ossa said.“Their business model, combined with their reasonable valuation and the executive team all contributed to our decision to invest.” The EDA hosts NJ Founders & Funders events semi-annually.The next event is scheduled for October 26, 2016 and registration can be accessed via https://application.njeda.com/tls/.