UPDATE - EventBoard Secures $13.5 Million in Series B and Continues Dominance in the Connected and Intelligent Workplace of the Future

SILICON SLOPES, UT--(Marketwired - Aug 17, 2016) - EventBoard, a developer of cloud-based meeting tools and analytics helping companies reclaim meeting productivity, today announced their Series B funding Led by NGP with participation from GE Ventures and existing investors Greycroft Partners, Origin Ventures and Zetta Venture Partners. With thousands of customers including Uber, Twitter, Dropbox, GE, Viacom, National Instruments and more, EventBoard's focus on the smart office technologies that fuel efficiency and productivity will continue through the investments from NGP and GE Ventures who are both focused on building the category with EventBoard as a leading industry force.

The modern workplace looks very different from 30 years ago. There are new workspaces, technologies and management styles that focus on productivity and efficiency. Yet, with over 11 million meetings per day and an estimated $37 billion lost each year to unproductive meetings, meetings remain a constant frustration. With more than 1,800 customers using its tools and data across industries, a shift is happening across businesses that use EventBoard to focus on optimizing people, places, and technology in the workplace. The Series B brings the company's total funding to $20.5 million and will fuel support for the sales and marketing team to drive innovation around improving the office experience with employee-focused apps and deep data driven insights.

EventBoard's unique Insights dashboards show how employees are engaging, who and how many people are attending meetings, for how long, how much time and space is needed, what technology is required, and the impact of "ghost meetings" (meetings that are scheduled, but no one attends and the meeting stays booked). As companies grow, EventBoard helps them plan future meeting space requirements based on insights delivered through analyzing company meeting behaviors and creating the best possible holistic outcome for collaboration and productivity.

"As our platform continues to evolve and shift towards increasing productivity and efficiency with a focus in the enterprise, we're excited to bring on new investors like NGP and GE who share the same vision for the connected and intelligent workplace of the future," said Shaun Ritchie, CEO and co-founder of EventBoard. "Our goal of optimizing people, places, and technology in the workplace through employee tools and data remains constant as we continue to introduce innovative solutions for our thousands of customers across all major industry sectors."