# Socio Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/socio-labs

- Industry: Software
- Headquarters: Indianapolis, US
- Website: www.socio.events
- Total disclosed funding: $6M
- Latest round: Series A (Jul 2, 2019)
- Investors on record: 2

## About

Socio Labs Inc. provides innovative event technology solutions that streamline in-person, hybrid, and virtual events, enhancing attendee engagement and interaction through a comprehensive registration and management platform.Founded in 2016 and headquartered in Indianapolis, US, Socio Labs Inc. specializes in event technology. The company has not undergone any significant pivots or changes in its core operations. Socio was co-founded by Joe Watkins, Suraj Singh, and Yarkin Sakucoglu, with Yarkin Sakucoglu serving as the current CEO. The company successfully raised a total of USD 6.00 mn through its SERIES A funding round, led by High Alpha Capital, with participation from Greenspring Associates. The latest funding round took place on May 12, 2021, and was the only round to date, thus representing the total amount raised.Webex Events, previously known as Socio, provides a comprehensive suite of event technology solutions designed to facilitate in-person, hybrid, and virtual events. Its core offerings include a registration platform that allows for fully branded event registration, flexible ticketing options, and seamless check-in and badge printing solutions. The platform enables organizations to manage speaker and sponsor collaborations, offering tools tailored for engagement, networking, and attendee interaction. Webex Events serves a diverse client base that includes enterprises, associations, and educational institutions across various industries such as healthcare, technology, and finance. The products are utilized globally, with a particular focus on markets in North America, Europe, and Asia, addressing the needs of event organizers looking for reliable and customizable event management solutions.Webex Events generates revenue through a subscription-based model that provides access to its suite of products and services. Clients typically engage in annual contracts that include various pricing tiers based on the scale and features of the events being hosted. The transaction structure is primarily B2B, with organizations paying for specific services like registration, event production, and mobile app integration. For instance, enterprises may choose to bundle services for a comprehensive event solution, which may include advanced features such as live streaming and data analytics. The pricing plans are designed to accommodate different event types and sizes, ensuring that clients can select the best options to meet their specific needs.In May 2021, Cisco Systems, Inc. agreed to acquire Socio Labs Inc. from Greenspring Associates and High Alpha Capital, a transaction completed in July 2021. Following this acquisition, Socio is expected to expand its product offerings and enhance its technology solutions for event management. The recent funding is likely to support the development of new features and offerings within the event technology space. Future plans may include targeting new geographic markets in Europe and Asia by the end of 2023 to further broaden their client base.

## Funding rounds

- Series A, Jul 2, 2019, $6M — Greenspring Associates, High Alpha

## Investors

- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series A
- High Alpha (https://capitalatlas.ai/funds/high-alpha) — Series A