Posh Secures $37 Million to Reimagine Event Planning
Event platform Posh has raised $37 million in Series B funding led by FirstMark Capital, with participation from Causeway Ventures, Goodwater Capital, Companyon Ventures, and Epic Ventures. This new investment aims to transform how people discover and plan events, moving beyond the limitations of traditional group chats and event management tools.
From Dorm Room Project to $350 Million in GMV
Founded in 2019 by Avante Price and Eli Taylor-Lemire although students at New York University, Posh originated as a solution to the founders’ own frustrations with existing event platforms like Eventbrite. Forbes reports that Price and Taylor-Lemire initially coded the platform in their dorm room. They sought to create a more streamlined and user-friendly experience for event organizers.
Initially focused on tooling for nightlife, Posh has evolved into a platform processing over $350 million in gross merchandise value (GMV) and 25 million tickets since its inception. The company generated approximately $10 million in revenue in 2024, based on $83 million in ticket sales, following a $22 million Series A funding round that same year. Cumulative revenue is estimated at $40 million as of early 2026.
Addressing Pain Points in the Event Industry
Posh’s model directly addresses common issues faced by event organizers, such as late payments and inadequate platform features. The platform offers customizable event pages, unlimited free SMS campaigns, and instant daily payouts. This approach aims to empower organizers and create the event planning process more enjoyable.
According to Price, Posh’s core strategy is to “own the transaction first.” The company takes a 10% cut on paid tickets, plus a 99-cent fee per ticket, as its primary revenue stream.
Expanding Beyond Nightlife: A “Netflix-Style Feed” for Social Experiences
While initially focused on nightlife, Posh is expanding its reach to encompass a broader range of social experiences, including parties, activities, food and drink events, and brand activations. The platform now boasts approximately 50,000 organizers and nearly 8 million users.
Posh is introducing a “Netflix-style feed” designed to surface events based on users’ social connections and preferences. This feature aims to recreate the serendipitous encounters that often occur in real life, connecting people with events and individuals they might not otherwise discover. As Price explains, the platform is attempting to solve the problem of reconnecting with those “10 or 20 people you’d love to catch up with but never text.”
Strategic Partnerships and Talent Acquisition
Posh has already partnered with prominent brands and events, including Palm Tree Festival, We Belong Here, Lamborghini, Adidas, the NBA, Celsius, HBO, and Complex. The company has also been actively recruiting talent from leading technology companies such as Meta, Reddit, Amazon, Hinge, Spotify, Block, and Canva.
The Future of Socializing
With $95 million worth of experiences booked on its platform, Posh is positioning itself as a key player in the future of socializing. YouTube highlights the company’s mission to transform how people connect and experience events. The recent funding will be used to further develop the platform and expand community support, driving its vision of a more connected world.