A 拢94 million funding round has valued London-based听Hopin听at more than $2 billion.听
In just eight months, the virtual events platform听has听scaled from 5,000 registered users and 1,800 organisations to 3.5m users and over 50,000 organisations.听
The company has also grown from eight employees to over 200 across 38 countries and听expects 150 more hires by the year鈥檚 end.听
Writing candidly earlier this year after a 拢32m Series A round, CEO听Johnny听Boufarhat听revealed how听a rare and severe reaction to medication听made him 鈥�allergic to the world鈥�听–听and led ultimately to听Hopin.听听
The听Series B investment听was听led by existing investor IVP and new investor Tiger Global and joined by Coatue and DFJ Growth, along with听贬辞辫颈苍鈥檚听returning investors Accel,听Northzone, Salesforce Ventures, and听Seedcamp.听听
New clients include听The Atlantic, Miro, NATO, The Next Web, TechCrunch, Twitch, UCLA, The University of Notre Dame and the Wildlife Conservation Society, with听hundreds of new organisations joining each day.听
鈥�Hopin听is the fastest-growing company we have seen at this stage and has meaningfully exceeded its plan since our last investment in June,鈥� said Jules Maltz, general partner, IVP.听听
鈥淲e have been fortunate to invest in early hypergrowth companies like Slack, Snap, and Twitter.听Hopin听is one of those rare companies with a similar growth trajectory 鈥� they have built an extremely customer-centric organisation, with an ambitious innovative roadmap that they have the ability to scale quickly 鈥� a sure recipe for success.鈥�听
Kris Fredrickson, managing partner at Coatue, added:听鈥淎s compared to physical events, virtual events enable businesses to dramatically increase reach, to significantly reduce costs, and to understand their audience in greater depth.听听
鈥�Hopin听is one of the fastest growing software companies we鈥檝e听seen听and we believe that听Hopin听is rapidly becoming the market leader in the space.听We鈥檙e proud and excited to partner with Johnny and his team.鈥�听
Hopin听also announced听the beta launch of听Hopin听Explore, which it says听powers worldwide search and discovery and听enables听users to find events of interest across a variety of themes听including听technology, entertainment, education, business and entrepreneurship, lifestyle and health.听听
Visitors can search directly for the events they want to attend, or browse the events that are most popular, newly added and trending, or happening now. There are currently 15,000 monthly events available on听Hopin听Explore.听
鈥�Hopin听has proven its ability to make virtual events a central part of the way we interact with each other, and we鈥檝e been eager to introduce听Hopin听Explore as a way for communities, companies, organisations and friends to discover more opportunities to connect,鈥� said听Boufarhat.听
鈥淣ot only will this new investment allow us to improve the platform and bring new features to our community, but it will help听Hopin听amplify the diverse range of features and events on the platform and attract even more attendees from around the world.鈥�听