Ande Raises $52M to Scale AI Corporate Entertainment Network
Ande Raises $52M to Digitise Corporate Entertainment Spending Ande has emerged from stealth with more than $52 million in funding. The financing combines seed and Series A rounds. Lightspeed Venture The post Ande Raises $52M to Scale AI Corporate Entertainment Network appeared first on Ventureburn .
Ande, an AI-driven corporate entertainment network, has secured $52 million in funding to expand its services. The financing, led by Lightspeed Venture Partners, Redpoint Ventures, Duration Ventures, and Sierra Ventures, will be utilized to digitize corporate entertainment spending, which currently stands at an estimated $325 billion annually.
The platform connects enterprise teams with entertainment venues, streamlining the booking process, managing finances, and ensuring compliance. Over 60 enterprises, including Cloudflare, Salesforce, and McGraw Hill, currently utilize Ande's platform. This technology reduces manual work for teams handling corporate entertainment programmes, resulting in savings of 12-15%.
Ande's network comprises more than 93,000 entertainment venues and 1,600 hospitality partners, providing a comprehensive solution for both companies and venues.
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