Cvent revenue hit $640 million in 2023
Cvent valuation more than $1.6 billion
Cvent team size is 4006 employees
How did Latka collect this data?
Latka collected this data by interviewing Cvent CEO Reggie Aggarwal on 01/11/1999
Watch the podcast
Cvent
1765 Greensboro Station PL 7th floor Tysons, Virginia, United States
How Cvent hit $640M Revenue with 27K customers in 2023.
Cvent is a publicly traded company and does not have an owner in the traditional sense. Instead, it is owned by its shareholders who hold stock in the company. Cvent is a cloud-based software company that provides event management and online registration solutions. The company was founded in 1999 and is based in Tysons, Virginia, USA. Cvent's software allows organizations to manage all aspects of their events, from registration and attendee management to venue selection and marketing. The company's customer base includes event planners, marketers, and organizations of all sizes, ranging from small businesses to large enterprises. Cvent has received numerous awards for its innovative technology and has been recognized as a leader in the event management software market.
1999
Founded
$640M
2022 Revenue
YOY
$146.9M
Funding
Cvent Revenue
In 2022, Cvent revenue run rate hit $640M in revenue.
2019
Cvent hit $640M in revenue in 2019
2018
Cvent hit $500M in revenue in 2018
2016
Cvent hit $200M in revenue in 2016
2015
Cvent hit $187.7M in revenue in 2015
2012
Cvent hit $83M in revenue in 2012
2011
Cvent hit $61M in revenue in 2011
1999
Cvent launched in 1999 with $0 revenue
Cvent Funding History
2012 Venture Round
Cvent raised a Venture Round of $912K
2011 Venture Round
Cvent raised a Venture Round of $136M
2009 Venture Round
Cvent raised a Venture Round of $10M
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 01/17/2012 | Venture Round | $912K | |
| 07/20/2011 | Venture Round | $136M | |
| 03/12/2009 | Venture Round | $10M |
Team
Cvent has 4006 total employees and 653 sales reps that carry a quota. They have 27000 customers an engineering team of 708 and a marketing team of 244
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 4006 |
| Engineer | 708(18%) |
| Sales | 653(16%) |
| Marketing | 244(6%) |
CEO/Founder
Reggie Aggarwal
Reggie Aggarwal is the CEO and Founder of Cvent, the leader in meetings, events and hospitality software. A lawyer by trade, Aggarwal founded Cvent in 1999 as a two-person startup, with the goal of making meeting planning easier for his peers in the business community.
Q&A
What`s your age?
49
Favorite online tool?
Oracle
Favorite book?
How to win friends and influence people
Favorite CEO?
Steve Lucas, Silicon Valley Based
Advice for 20 year old self
give give give
Customers
Cvent has 27K customers.
Lifetime Months
-
x
Monthly ARPU
$1.7K
=
Lifetime Dollar
-
Acquisition Cost
-
Average Annual Price
$20K
Churn
Cvent has an annual churn rate of 0.00%.
Gross Annual Dollar Churn
-0.00%
Annual Dollar Expansion
0.00%
Net Revenue Retention
100.00%
About Cvent
Monthly Revenue
$53.3M
-
Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
28.00%
=
Rule of 40
28
Cvent Board of Directors
| Name | Position |
|---|---|
| Sanju Bansal | Board Member |
| John Pino | Board Member |
| Georgina Clelland | Customer Advisory Board Member - Associations |
| Donald Park | Board Member |
| Tony Florence | Board Member |
| Sanju Bansal | Board of Directors |
| John Pino | Board Member |
| Jeff Lieberman | Board Member |
Cvent Executives
| Name | Position |
|---|---|
| Reggie Aggarwal | CEO |
| Patrick Smith | Chief Marketing Officer |
| Ben Mayrides | Chief Information Security Officer |
| Pradeep Mannakkara | Senior Vice President & Chief Information Officer |
| David Quattrone | Co-Founder and Chief Technology Officer |
| William Newman | SVPChief Financial Officer |
| Nina Kassandra | Chief Creative Officer |
Cvent Employees
| Name | Position |
|---|---|
| Sanju Bansal | Board Member |
| John Pino | Board Member |
| Reggie Aggarwal | CEO |
| Georgina Clelland | Customer Advisory Board Member - Associations |
| Patrick Smith | Chief Marketing Officer |
| Chuck Ghoorah | Co-Founder and President of Worldwide Sales and Marketing |
| Reggie Aggarwal | Founder & CEO |
| Ben Mayrides | Chief Information Security Officer |
| Dan Lapus | Senior Vice President / Co-Founder |
| Pradeep Mannakkara | Senior Vice President & Chief Information Officer |
| David Quattrone | Co-Founder and Chief Technology Officer |
| William Newman | SVPChief Financial Officer |
| Nina Kassandra | Chief Creative Officer |
| Donald Park | Board Member |
| Tony Florence | Board Member |
| Sanju Bansal | Board of Directors |
| John Pino | Board Member |
| Jeff Lieberman | Board Member |
Frequently Asked Questions about Cvent
When was Cvent founded?
Cvent was founded in 1999.
How much revenue does Cvent generate?
Cvent generates $640M in revenue.
Who is the CEO of Cvent?
The CEO of Cvent is Reggie Aggarwal.
How much funding does Cvent have?
Cvent raised $146.9M.
How many employees does Cvent have?
Cvent has 4006 employees.
Where is Cvent headquarters?
Cvent is headquartered in United States