Virtual Event Platform

2 Virtual Event Platform Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

Imagine hosting an event with attendees from across the globe without anyone leaving their home. A virtual event platform could make that happen seamlessly. Essentially, it’s a digital space designed to host various types of online events—webinars, conferences, trade shows, and more.

With remote work on the rise, businesses and individuals are increasingly turning to virtual events for engagement and networking. Creating a platform that provides all the necessary tools—live streaming, chat functions, Q&A sessions—could be highly valuable.

Building this platform requires a solid understanding of software development and user experience design. Also, you need to stay updated with trends in virtual reality and interactive technologies to remain competitive. If you’re driven by the idea of connecting people and fostering meaningful interactions in a digital realm, this might be the business for you.

In this list, you'll find real-world virtual event platform success stories and very profitable examples of starting a virtual event platform that makes money.

1. PartySpace ($800K/year)

Yurii Filipchuk, CEO and founder of Party.Space, came up with the idea for his business when the COVID-19 pandemic started and corporate accounts began rethinking how they used their workplaces for meetings. Yurii realized there was a need for a fun and easy-to-use video chat platform, so he and his co-founders created Party.Space. They quickly found their first big client, and with an average attendee engagement level 5x higher than traditional Zoom meetings, Party.Space is on track to book $1 million in revenue this year.

How much money it makes: $800K/year
How much did it cost to start: $200K
How many people on the team: 33

How We Make $800K/Year Throwing Corporate Events In The Metaverse

Party.Space, a B2B metaverse platform that helps remote teams from big/mid-sized tech companies, Fortune500s, universities, and Web3 DAO/guilds host engaging & immersive events in a browser, has accumulated over 130 customers and more than 30K visitors, boasts revenue bookings growing x3 QoQ, and plans to book $1m this year.

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2. Spacehuntr ($600K/year)

Dietrich, a retired investment manager, came up with the idea for Spacehuntr after experiencing the dread of traditional corporate meetings. Initially focused on coworking spaces, a pivotal moment came when they helped a lost client find a unique venue in Brussels. They realized they could specialize in helping foreign clients find unique spaces for international events, leading to a spike in demand and steady growth.

How much money it makes: $600K/year
How much did it cost to start: $10K
How many people on the team: 10

How We Successfully Pivoted Our App For Coworking Spaces To A $50K/Month Platform To Book Event Venues

Spacehuntr achieved a +700% growth in 2019 with revenues, despite the global pandemic, on track to match that growth in 2020, by launching a 360° platform for businesses to book and manage unique Work, Play & Stay spaces, catering to international corporations such as Airbnb, Netflix, and Uber.

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