This substantial investment in EventsAIR is one of the largest ever in a private events technology company, with additional investors including EventsAIR founder Trevor Gardiner and several other members of the management team.
“Riverside views this investment as a highly compelling opportunity to build upon EventsAIR’s already impressive international footprint by targeting large and growing customer segments globally where the company has a clear competitive advantage,” said Riverside managing partner Simon Feiglin.
“In addition, we will further enhance the management team.”
Gardiner said they looked forward to the “next exciting chapter” in the company’s evolution.”
“Having quickly adapted to the challenges of the COVID-19 pandemic, EventsAIR is ideally positioned to bring in a partner who can help accelerate our global growth ambitions,” said Gardiner.
Matthew Donegan-Ryan will be joining the business as CEO after roles at Hopin, Swapcard and Cvent.
“I have followed EventsAIR for over a decade and am consistently impressed by the comprehensive breadth of its offerings,” said Donegan-Ryan.
“I am thrilled to lead EventsAIR on the next phase of its evolution, collaborate with Trevor and the Riverside team, and support the industry for its exploding in-person comeback.”