Siemens' Next47 vehicle was among the investors in a round more than five times the size of the virtual event software provider's series D earlier this year.

US-based virtual event platform developer Bizzabo secured $138m on Wednesday in a series E round featuring industrial technology and appliance producer Siemens’ Next47 unit.

Growth equity firm Insight Partners led the round, which included equity investment platform OurCrowd and Viola Growth, the growth capital fund owned by technology investment firm Viola Group. Matt Gatto, managing director at Insight Partners, is joining Bizzabo’s board of directors.

Bizzabo provides software that facilitates virtual, on-person and hybrid events, and has experienced considerable growth…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.