Another huge funding round has valued hyper-growth events platform Hopin at 拢5.6 billion.听
Acquisitive听Hopin,听which raised 拢288 million Series C funding in March, has now revealed a Series D round of 拢323m.听
It takes total funding into the scaleup to almost 拢750m since the beginning of 2020. In that time, the London-headquartered company has gone from six employees to more than 800, who are remote-based and听distributed听in 47 countries听around the world.听
It has also听grown from a few hundred event creators using its platform to听hundreds of thousands of听organisations,听with听millions of attendees showing up for events each month.听
The听Series D听funding听was听co-led by new investors Arena Holdings and Altimeter Capital with participation from new investors Adams Street Partners, Untitled Investments and XN in addition to existing investors Andreessen Horowitz, DFJ Growth, General Catalyst, GIC, IVP,听Northzone, Salesforce Ventures, Slack Fund, Temasek and Tiger Global.听听
Writing candidly听last听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 鈥渁llergic to the world鈥�听–听and led ultimately to听Hopin.听听
The company says听it听will use the new听capital to accelerate growth to further scale the platform and invest in the development of its multi-product platform technologies, including building new product suites.听听
鈥淗opin听started with the goal of giving people more options for meaningful connection,鈥� said听Boufarhat. 鈥淲e continue to up-level with the priority to become accessible to听all, and听offer the optimal solution to seamlessly connect people to experiences for live events and beyond.听听
鈥淗opin听plans to be wherever important conversations and connections happen. We are grateful for the ongoing support and confidence of our investors to actualise this.鈥�听
In 2021,听Hopin听expanded beyond virtual to become an all-in-one event management platform with the acquisition of听Boomset, adding onsite capabilities such as kiosk, badges and more to its hybrid offerings.听听
Additionally, with the recent acquisition of听Attendify,听Hopin听will enhance its event marketing suite to provide elevated, data-driven registration and engagement tools.听听
Also in 2021,听Hopin听acquired video hosting provider听Streamable听and set its sights on collaboration with the acquisition of video technology company听jamm.听听
Previously,听in 2020,听Hopin听entered the content space with the acquisition of听StreamYard, adding听that company鈥檚听3.6 million video content creators to its base.听
鈥淭he pandemic has forever changed how companies and communities interact and connect with their audiences and each other,鈥� said Brad Gerstner, Founder and CEO of Altimeter Capital.听听
鈥淲e are thrilled to partner with Johnny听Boufarhat听and the team on their journey to make the world more connected through听Hopin鈥檚听platform.鈥�