Twine

Founded in 2019, the Twine service organizes online events for personal and group online meetings. By June 2021, Twine event customers include companies such as Microsoft, Amazon, Forrester and others. Twine founders Lawrence Coburn, Diane Rau and Taylor McLaughlin, before founding Twine, were developing a provider of technology for mobile DoubleDutch events, acquired by Cvent in 2019.

History

2021: Raising $3.3 million, including from AltaIR Capital

In mid-June 2021, the British service for online events Twine raised $3.3 million. The investment round was led by Moment Ventures, and was also attended by the Russian fund AltaIR Capital, Coelius Capital, Mentors Fund, Rosecliff Ventures, AltaClub and Bloom Venture Partners. Moment Ventures founding partner Clint Chao will join Twine's board of directors at the end of the round.

The original idea of ​ ​ the Twine team was to help people deprived of social ties due to COVID-19 restrictions find a way to get to know and communicate with others on the Internet. Many users of the service began to be embarrassed by casual acquaintances with strangers, so the company shifted its focus to organizing events for users to communicate with friends and colleagues.

Twine raises $3.3 million investment

Event owners can use the product on the Twine website for free to organize small events with up to 30 users, but a license is required for further scaling. Twine charges for each visitor when customers buy packages under the "software as a service" model.

By June 2021, the company has about 25 customers, some of them began to use Twine for more private meetings after about 10 or 15 large-scale events. According to Twine co-founder Lawrence Coburn, the company collaborates with five or six of the world's largest companies.^[1]

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