Eved, an online marketplace for the meeting and event industry, today announced it has raised $9.5 million in a series B round led by New World Ventures and MK Capital.

The funding will enable the Chicago-area company to scale and expand its proprietary online platform, which has been adopted and championed by leaders in the meetings community. The $263 million industry, with 1.8 million annual U.S. corporate meetings and events, is one of few that have yet to migrate online. Eved’s global, proprietary online platform provides all companies in the event industry supply chain a complete sourcing, marketing, and e-commerce solution that allows buyers, sellers, and resellers the ability to interact and transact online.