EVA’s $2M Funding Round Fuels Expansion in Booming Event Market
Nashville-based EVA, the innovative platform connecting event planners with local entertainers, has successfully raised \(2 million in funding at a \)15 million valuation. This oversubscribed round comes as the events industry experiences a strong resurgence in in-person gatherings.
The Resurgence of Live Events
Recent data from Bizzabo’s 2023 report reveals that 86.4% of event planners increased their investment in physical events last year. EVA’s funding positions the company to capitalize on this trend, with expansion plans targeting:
- New York City (December 2024)
- Los Angeles (Early 2025)
The platform currently serves seven major markets: Atlanta, Austin, Dallas, Chicago, Charlotte, Nashville, and New Orleans.
How EVA Revolutionizes Event Booking
EVA offers a comprehensive solution for booking entertainment across various event types:
- Corporate functions
- Private celebrations
- Public gatherings
- College events
- Festivals
- Weddings
Key Platform Features:
- Diverse Talent Pool: Access to 2,500+ performers including musicians, motivational speakers, magicians, and celebrity impersonators
- Smart Matching Algorithm: AI-powered suggestions based on event details
- Collaboration Tools: ‘Teams’ hub for seamless event management
- Secure Payments: Split payment system protects both planners and performers
- Insurance Coverage: $5 million liability protection for all events
Image Credits: EVA
Empowering Performers and Planners Alike
EVA serves as a vital bridge between emerging artists and lucrative event opportunities. Nashville singer-songwriter Tabitha Meeks shares: “EVA has transformed my career from struggling artist to financially stable performer.”
Financial Impact:
- $6 million earned collectively by artists through the platform
- Average booking fees range from \(600-\)7,500
- 20% platform fee on all transactions
Behind the Scenes: EVA’s Origin Story
Founded in 2015 by Belmont College alumni Makenzie Stokel and Channing Moreland, EVA was born from personal frustration with the opaque entertainment booking process.
“We recognized how artists were being underpaid and undervalued,” explains Moreland. “Our mission has always been to create fair opportunities for performers while simplifying the booking process.”
Notable Clients:
- Amazon
- BMW
- Dell
- ESPN
Investor Confidence Grows
The funding round attracted prominent backers including:
- Songfinch founders
- Justin Kalifowitz (Downtown Music Holdings)
- Cascade Seed Fund
- Stout Street Capital
With its unique value proposition and strong market traction, EVA is poised to reshape the $1 trillion global events industry while creating sustainable income streams for performers worldwide.
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