Posh, the event technology platform, has closed a $37 million Series B round led by FirstMark Capital, with participation from Causeway Ventures, Goodwater Capital, Companyon Ventures, and Epic Ventures. The raise marks a major milestone for a company that started as a college project and has grown into one of the most ambitious players in a global events industry projected to surpass $2 trillion by 2028.
As a talent marketplace that works directly with high-growth startups like Posh, Fonzi has a front-row seat to how venture-backed companies scale their engineering teams after major funding rounds. Here is a closer look at what Posh has built, how it got here, and what this Series B means for the future of event technology.
Posh was founded in 2019 by Avante Price and Eli Taylor-Lemire while they were students at New York University. The origin story is one that resonates with many founders. They were organizing their own events, getting cheated by promoters, and running into the limitations of legacy ticketing tools like Eventbrite. Rather than accept the status quo, they built their own software.
What started as a personal fix quickly turned into a product with much broader appeal. Posh was designed from the ground up to be organizer-first, putting the people running events at the center of the experience rather than a marketplace algorithm. That distinction has proven critical as the company has scaled. While traditional ticketing platforms treat organizers as inventory suppliers feeding a consumer-facing marketplace, Posh gives organizers the tools to build their own branded ecosystems, manage their audiences directly, and retain ownership of their customer relationships.
The traction that led to this Posh Series B raise is substantial. The platform has processed $350 million in gross merchandise volume and sold 25 million tickets since inception. Cumulative revenue has reached an estimated $40 million, according to CEO Avante Price. In 2024 alone, the same year the company raised a $22 million Series A, Posh generated roughly $10 million in revenue on more than $83 million in ticket sales.
The business model is clean and transaction-driven. Posh takes approximately a 10% cut on paid tickets plus a 99-cent per-ticket fee, keeping the platform aligned with organizer success. The more an organizer sells, the more both sides earn. That alignment has produced some impressive individual results. Top organizers on the platform have each driven more than $10 million in transactions.
These are not vanity metrics. They reflect a platform that has found genuine product-market fit and is scaling revenue alongside its user base. That combination clearly resonated with FirstMark Capital and the rest of the investor syndicate.
For its first four years, Posh operated primarily as what Price has described as "Shopify for events." The platform focused heavily on tooling for nightlife organizers, offering white-label event pages, SMS-based CRM, referral kickback systems, linked ticket tiers, and instant payouts. These features solved real operational pain points and helped Posh carve out a loyal base of roughly 50,000 organizers.
But the company has grown well beyond ticketing infrastructure. With nearly 8 million users now on the platform, the center of gravity has shifted toward demand and discovery. Posh is building what Price calls a "Netflix-style feed" that surfaces parties, activities, dining experiences, and other categories based on where a user's broader social graph is actually going.
The insight driving this evolution is a nuanced one. Most people do not struggle to make plans with their core friend group. That is what the group chat is for. The harder problem is reconnecting with the 10 or 20 people in a wider circle that someone would love to see but never thinks to text. Posh is trying to reintroduce that serendipity by showing users what people in their extended network are attending, making it easier to turn a passing interest into an actual plan.
If the company can pull that off at scale, it would represent something genuinely new in the events space: a platform that does not just process tickets but actively drives attendance by connecting people to experiences they would not have found on their own.
Posh already powers a wide range of high-profile events and brand partnerships. The platform runs ticketing and operations for events like Palm Tree Festival and We Belong Here, and has facilitated brand activations with Lamborghini, Adidas, the NBA, Celsius, HBO, and Complex. These are not small integrations. They represent the kind of enterprise-grade reliability and flexibility that large brands demand from their technology partners.
This breadth of clientele also signals the platform's versatility. Posh is not locked into a single vertical. It serves nightlife promoters, music festivals, corporate brand activations, and community-driven events with equal effectiveness, which significantly expands its total addressable market as it continues to scale.
Executing a vision this ambitious requires exceptional engineering talent, and Posh has been aggressive on that front. The company has recruited engineers and operators from Meta, Reddit, Amazon, Hinge, Spotify, Block, and Canva. This is the kind of high-caliber, product-minded talent that defines the strongest engineering organizations in tech.
This is also exactly the kind of hiring challenge that Fonzi was built to solve. Connecting fast-scaling startups with top software engineers quickly and efficiently is at the core of what we do, and Posh exemplifies the type of company in our network: venture-backed, technically ambitious, and growing fast enough that every week without the right hire costs real momentum.
This Series B is more than a funding milestone. It is a signal that the events industry, long dominated by legacy incumbents and fragmented point solutions, is ready for a technology-native platform that addresses the entire experience from organizer tools to consumer discovery. With $37 million in fresh capital, a proven revenue model, and a team pulled from some of the best product organizations in the world, Posh is positioned to define what that platform looks like.
We are proud to count Posh among Fonzi's customers and excited to watch them continue building at the intersection of technology and real-world human connection.
If you are scaling an engineering team as fast as Posh, Fonzi connects you with top software engineers in as little as two weeks.