LogicBoost Labs Invests in the Future of Online Event Video Infrastructure

LOS ANGELES, Dec. 15, 2021.

Clarevent, a video infrastructure provider for virtual events platforms, has received a $300,000 investment from LogicBoost Labs, a startup accelerator focused on accelerating the growth of pre-revenue and early-stage B2B SaaS startups.

The funding package includes a cash investment of $200K for go-to-market strategy creation, $100K in advisory services on strategic consulting and operational support in marketing, sales, and customer success for two years, and a convertible note for a future line of credit.

A financial investment of $200K for go-to-market strategy development, $100K in advisory services on strategic advising and operational support in marketing, sales, and customer success for two years, and a convertible note for a future line of credit are all part of the funding package.

Clarevent’s founder and CEO, Scott Lock, is dedicated to using his decades of experience at InfernoRed Technology, a software development business, to build seamless experiences for virtual events of any size.

“The pandemic has irreversibly accelerated the boom of virtual social events. That’s why we see huge potential in a SaaS company that is providing essential video infrastructure solutions to companies who are building the next generation of social networking platforms,” said Jonathan Cogley, Founder, and CEO of LogicBoost Labs.

“Having worked with Scott in the past and witnessed his success at InfernoRed Technology, I am thrilled to back his new venture and facilitate the growth of Clarevent.”

“Virtual event platforms have a real problem delivering high-quality video experiences that are reliable, scalable, and enjoyable,” said Lock. “Clarevent provides a new SaaS product for virtual event providers who are building their solutions with a video-first perspective. We make it easy to embed and host video within any event platform.”

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