Mountain View, California-based Run the World, which operates a platform to organize and run online events and to digitize conferences, has emerged from stealth and announced it has raised $4.3 million in seed funding. Andreessen Horowitz led the funding, which included GSR Ventures, Pear Ventures, Unanimous Capital, 122 West Ventures, and individual investors Kevin Weil, Paul Willard, Sam Yam and Joel Peterson, among others.
The company was co-founded by Xiaoyin Qu and Xuan Jiang, entrepreneurs formerly with Facebook. Qu told Venture Capital Journal that for events impacted by the coronavirus, the company will waive its activation fees.
Qu said their platform allows for the social aspect of conferences and events to be facilitated online. “Attendees have told us that the virtual nature of the event allows for more efficient networking and empowers those who may be more introverted.”