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Eventnoire announces $1M raised for Black-owned event management platform

Chicago-based entrepreneurs and owners Femi Masha and Jeff Osuji said the platform is opening its crowdfunding campaign to the public for the first time.

Eventnoire announces $1M raised for Black-owned event management platform
UNSPLASH PHOTO 

Eventnoire has announced it has raised $1 million for its event management platform to date.

Chicago-based entrepreneurs and owners Femi Masha and Jeff Osuji said Eventnoire is continuing to raise money to launch Eventnoire Premium, a creator-first SAAS platform to help brands partner with event curators directly.

The decision was based on the intent of allowing people to be investors in what is described as “a growing startup that prioritizes Black culture.”

“We realized this was an opportunity to vertically integrate and launch a ticketing solution that actually recycled dollars back into organizations that worked with us as well as other event curators,” co-founder Osuji said in a statement.

The crowdfunding investment opportunity is available through the end of May, according to a statement.

The Black-owned company burst onto the scene in 2018, aiming to solve an issue they discovered with major ticket platforms — a failure to prioritize Black artists.

So Masha and Osuji built the brand to focus on helping event organizers, organizations, and companies that embrace Black culture realize added revenue for their events by sharing ticketing fees.

Eventnoire’s resume includes being a 2022 Google Black Founders Fund recipient and a previous winner of Mountain Dew’s Real Change Opportunity Fund Competition.

Moreover, it has served 3,000 event curators, generating more than $5 million in revenue for those businesses, according to a statement.