Kapow Events raises $700,000 from leading Chicago venture funds and angel investors

CHICAGO, June 25, 2012 /PRNewswire/ -- KAPOW EVENTS, INC (KapowEvents.com) – the event marketplace where business professionals responsible for planning their company's events can get access to free planning and exclusive promotions --- announced today that the company completed a $700,000 financing round led by I2A and Pat Ryan Jr. Chicago's FireStarter Fund, and angel investors Brian Hand and Jeff Carter also participated in the round.

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"With billions being spent every year on company outings, team building events and client entertainment, the marketplace that Kapow has created is perfectly positioned. There is a tremendous demand for professional event support and pre-negotiated packaged events." Said Stuart Larkins, Managing Director, I2A Fund.

The capital infusion will be used to help Kapow scale.  "Our mission is to help companies create great team building and client entertainment events easily. From teams of 50 attending sporting events to management teams at high-end restaurants through to product launch cocktail receptions, Kapow is here to help. We achieve this by connecting with our clients and venues personally. We are seeing fantastic early stage demand in Chicago and have plans to expand nationally and internationally quickly. We intend to capture a sizeable part of what is a $200Bn global opportunity." Said Marc Halpin, CEO of Kapow Events.

Upon closing of this round, Stuart Larkins and Pat Ryan Jr. joined the Kapow Board along with Founders, Marc Halpin and Dan McCormick.

About Kapow Events:
Kapow is a unique event marketplace where business professionals responsible for planning team building, client entertainment and company events can get access to exclusive promotions, venues, ideas and custom event development. Kapow members plan events for some of the most successful companies in Chicago. Kapow Events can be found on the web at www.kapowevents.com or call 855-KAPOWUS.

About I2A:
The I2A Fund is a seed stage venture fund focused on catalyzing and partnering with the next wave of innovative technology ventures in Illinois and the surrounding regions.  I2A partners with emerging ventures to provide them with their first round of institutional financing and work with them to achieve success.

SOURCE Kapow Events

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