Cvent
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Revenues | 480m | 568m | 499m | 519m | 631m |
% growth | - | 18 % | (12 %) | 4 % | 22 % |
EBITDA | 76.7m | 79.2m | 97.8m | 82.7m | 51.1m |
% EBITDA margin | 16 % | 14 % | 20 % | 16 % | 8 % |
Profit | (54.0m) | (91.8m) | (83.7m) | (86.1m) | (100m) |
% profit margin | (11 %) | (16 %) | (17 %) | (17 %) | (16 %) |
R&D budget | 78.4m | 96.0m | 87.9m | 96.6m | 131m |
R&D % of revenue | 16 % | 17 % | 18 % | 19 % | 21 % |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | Early VC | ||
$10.0m | Early VC | ||
$136m | Early VC | ||
N/A | $910k | Early VC | |
N/A | $118m Valuation: $812m | IPO | |
$1.7b Valuation: $1.7b | Buyout | ||
N/A | Convertible | ||
* | $240m | SPAC IPO | |
* | $4.6b Valuation: $4.6b 7.3x EV/LTM Revenues 90.0x EV/LTM EBITDA | Buyout | |
* | N/A | Growth Equity VC | |
Total Funding | €134m |
Recent News about Cvent
EditCvent, accessible at cvent.com, is a leading technology provider specializing in event management solutions. The company operates in the event planning and hospitality markets, offering a comprehensive suite of tools designed to streamline the planning, execution, and analysis of events. Cvent serves a diverse clientele, including corporate event planners, hotels, venues, and event management agencies.
The core of Cvent's business model revolves around its software-as-a-service (SaaS) platform, which provides a range of services such as event registration, venue sourcing, event marketing, and attendee engagement. By automating many of the manual processes involved in event planning, Cvent helps its clients save time and reduce costs. The platform also offers analytics and reporting features, enabling clients to measure the success of their events and make data-driven decisions.
Cvent makes money primarily through subscription fees for its software platform. Clients pay for access to various tools and features, often on an annual basis. Additionally, Cvent generates revenue from transaction fees, particularly when clients use its platform to book venues or manage event-related transactions. The company also offers premium services, such as advanced analytics and dedicated customer support, which come at an additional cost.
In summary, Cvent is a pivotal player in the event management industry, providing essential tools and services that help organizations plan, execute, and analyze events more efficiently. Its robust SaaS platform, diverse client base, and multiple revenue streams position it well in the evolving event landscape.
Keywords: Event Management, SaaS, Venue Sourcing, Event Registration, Analytics, Hospitality, Corporate Events, Automation, Event Marketing, Attendee Engagement.