Fast-growing London-based event management platform Hopin has raised $ 450 million in Series D funding, the company said. The influx of capital comes five months after the company raised $ 400 million in a Series C round.
Hopin will use the funds to accelerate growth to further develop the platform and invest in the development of its multi-product platform technologies, including the creation of new product suites, according to the company.
The company has embarked on a wave of acquisitions with its capital. In June, Hopin acquired Boomset to help grow its platform beyond digital event support to in-person and hybrid events as well. In July, the company acquired Attendify to advance its event marketing product offering. Previously, Hopin acquired hosting provider Streamable and video technology company Jamm in March to improve its video offerings, the start of live video streaming studio StreamYard in January, and the Topi event app in December 2020.
Earlier this year, Hopin teamed up to provide Marriott with new options for hybrid meetings. It has also grown from six employees when it launched in 2019 to more than 800 in more than 47 countries since early 2020, according to the company. He claims that more than 100,000 organizations organize events on his platform.
As of February 2020, Hopin has raised over $ 1 billion, and with that round he was valued at $ 7.75 million, according to the company. New investors Arena Holdings and Altimeter Capital co-led this round, which also benefited from contributions from new investors Adams Street Partners, Untitled Investments and XN in addition to existing investors Andreessen Horowitz, DFJ Growth, General Catalyst, GIC, IVP, Northzone, Salesforce Ventures, Slack Fund, Temasek, and Tiger Global.
Virtual Events Platform Hopin Raises $ 400 Million in Series C
