Confetti's acquisition of Unlock propels its leadership in virtual team building experiences, diversifying event formats to solidify its position as a virtual event industry leader.
(PRUnderground) February 21st, 2024
Confetti, the leading platform for virtual team building experiences, is excited to announce its acquisition of Unlock, a trailblazer in the virtual event space. This strategic move marks a significant milestone in Confetti’s mission to offer diverse event formats, expand its global presence, and solidify its position as an industry leader in the virtual event space.
Unlock, founded by Maria Wlosinska, Eli Rezinsky, and Darshak Bhatt in 2020, has become internationally known for its virtual team building platform with the mission to make remote work more human and connected. The company experienced remarkable growth, earning support from prominent investors, including La Famiglia, Kima Ventures, Antler, Tiny VC, and leading angel investors.
Confetti’s acquisition of Unlock was driven by the allure of Unlock’s unique functionality which synergistically complements Confetti’s offerings. Notably, Unlock’s platform has facilitated engagement, connection, and networking among attendees, contributing to its widespread popularity with leading brands such as Google, Amazon, American Express, Algolia, and UBS.
Lee Rubin, the founder and CEO of Confetti, expressed her enthusiasm for the acquisition, stating, “We’re entering a new era for remote work as it becomes a more acceptable standard in the post-COVID world. This acquisition will empower our customers to choose the best format for their events and enable attendees to learn, connect, and exchange ideas year-round at more affordable price points. Directly linked to company culture and employee happiness, team building shouldn’t just be a luxury of the well-financed, but an accessible resource for every company worldwide. That is our vision – to create a sense of belonging at work for all.”
As part of this acquisition, Unlock customers will have the opportunity to seamlessly transition to Confetti’s platform, benefit from its unique features, and access an outstanding catalog of over 300 virtual team building experiences. Confetti’s dedicated customer success teams will provide support to ensure a smooth transition for Unlock’s existing customer base.
Established in 2017, Confetti initially started as a platform to help companies put together events face to face in the office and evolved into a full-suite virtual event management platform after COVID. Confetti’s offerings include year-round community engagement options, a budget management system to empower anyone in the organization to be culture contributors, and a unique catalog of experiences that cannot be found anywhere else on the internet.
The acquisition of Unlock is a testament to Confetti’s dedication to meeting the evolving needs of the HR and virtual event industry and its commitment to delivering innovative solutions for event planners and company culture champions alike. Confetti remains focused on empowering organizations to create memorable and engaging events, whether they’re virtual or hybrid.
About Confetti
Confetti is the easiest way to discover, plan, and book unforgettable (virtual & hybrid) employee experiences. From hosted games to shippable classes – it is the only platform that takes care of the entire planning process, end-to-end with a happiness policy. Confetti is already used by over 8,000 companies like Apple, Google, and Amazon to build happier, more holistic teams. Learn more at www.withconfetti.com.
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Original Press Release.
