SXSW Starts A VC Fund To Give Its Official App Maker Eventbase $2 Million
#SXSW funds Eventbase for Official SXSW (minus Samsung which pattern replicated “Bil” across the street from TED)
The creator of SXSW’s official mobile event guide app, Eventbase, has raised $2 million in Series A funding from the coffers of the music, film and interactive festival.
“This is the first of its kind. We formed this LLC specifically for Eventbase,” relayed SXSW’s CTO Scott Wilcox. Though he doesn’t foresee other investments in the future, Wilcox did indicate that the organization would be open to the right deal, “We wouldn’t rule that out,” he told TechCrunch
Eventbase has handled the SXSW Go mobile app for iOS and Android each year for the last five years of the conference. It’s a massive undertaking within an event that has basically taken on a life of its own. The main event hosts over 6,000 sessions. Though there are plenty of unauthorized events, parties and meetups within the main conference.
Note that even Samsung split off from the core SXSW organization and set up shop across the street…
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