What is Planned?
Planned operates as a comprehensive platform for event planners, aiming to streamline the process of organizing events. Its core offering includes access to a diverse marketplace of event venues. Complementing this, the company provides a free automated concierge service that handles the booking of all necessary event components, such as catering, furniture, and entertainment. This integrated approach seeks to simplify logistics and enhance the efficiency for event professionals, positioning Planned as a key enabler in the event planning industry.
How much funding has Planned raised?
Planned has raised a total of $57.7M across 3 funding rounds:
Unspecified
$4.7M
Series A
$18M
Series B
$35M
Unspecified (2020): $4.7M with participation from N49P, Thcap, and Inovia
Series A (2022): $18M led by Drive Capital, Outsiders Fund, and Thcap
Series B (2024): $35M supported by Outsiders Fund and Drive Capital
Key Investors in Planned
Outsiders Fund
Outsiders Fund is an early-stage venture capital firm that supports founders with unique perspectives aiming to disrupt outdated industries. The firm focuses on seed and Series A investments, primarily in the United States and Canada, with check sizes ranging from $500K to $8M. They target overlooked sectors and technologies, seeking to unlock value from neglected infrastructure by backing innovative founders.
Drive Capital
Drive Capital is a venture capital firm based in Columbus that invests in exceptional founders creating the next generation of market-defining companies. The firm focuses on providing capital and support to entrepreneurs across various industries, emphasizing partnerships that drive growth from idea to IPO.
Thcap
THCAP is an investment firm that supports early-stage tech entrepreneurs by providing capital and active support to help them achieve product-market fit and leadership. They focus on seed and pre-seed rounds, particularly in sectors like logistics, proptech, agriculture, and fintech.
What's next for Planned?
With the recent major strategic investment, Planned is poised for accelerated growth and market expansion. The company's focus on providing a free, automated concierge service alongside a broad event space marketplace suggests a strategy aimed at capturing significant market share. Future developments will likely involve enhancing the platform's capabilities, expanding its network of venues and service providers, and potentially exploring new revenue streams. The substantial enterprise-level funding indicates investor confidence in Planned's business model and its potential to disrupt the event planning sector through technology and service innovation.
See full Planned company page
