Band of Angels portfolio company ON24 sells to Cvent/Blackstone for $400 million

  • Band of Angels highlighted progress at its 15th annual Portfolio Day, featuring portfolio company ON24.
  • ON24 founder Sharat Sharan recounted scaling from a seed round backed by Band of Angels to a public SaaS company with roughly $200 million+ in annual revenue at IPO.
  • ON24 debuted with market capitalization around $2-3 billion, later sold to Cvent/Blackstone for $400 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Band of Angels LLC published the original content used to generate this news brief on May 15, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.