According to a report from TechCrunch, the company has now raised a total of $31m to date.
Posh focuses on more intimate events and gigs of up to a few hundred people. The company launched in 2020 with a Software-as-a-Service (SaaS) offering for event organisers to host events on its website.
It has since created its own app, which launched to consumers in October last year, and will use the funding to grow the offering. The app works a bit like TikTok for events, where users can scroll to find an event they may be interested in. Posh is available on both iOS and Android.
The new capital will also aid Posh in expanding its team from 26 to 40 in product and go-to-market areas, while also updating its app. Posh already has more than two million registered users and $95m worth of events booked through its tools, according to the TechCrunch report.
Posh traditionally showed events located near the user, as well as trending events. However, the company has now launched a feature that allows event-lovers to import their contact books to see if any of their friends also use the platform and find people to attend with.
Additionally, Posh has plans to introduce a ‘For You’ feed to suggest events like the ones previously attended by the user, and events attended by their connections.
The app was co-founded by Avante Price and Eli Taylor-Lemire.
“Posh is a platform where who’s going is what matters most. If you are going to a 500 people event where you know five to 10 people, you want to hang out with them but also want to spend time with people that are similar,” Price told TechCrunch.