Another huge funding round has valued hyper-growth events platform Hopin at £5.5 billion.
Acquisitive Hopin, which raised £288 million Series C funding in March, has now revealed a Series D round of £323m.
It takes total funding into the scaleup to almost £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 distributed in 47 countries around the world.
It has also grown from a few hundred event creators using its platform to hundreds of thousands of organisations, with millions of attendees showing up for events each month.
The Series D funding was 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, Northzone, Salesforce Ventures, Slack Fund, Temasek and Tiger Global.
Writing candidly last year after a £32m Series A round, CEO Johnny Boufarhat revealed how a rare and severe reaction to medication made him “allergic to the world” – and led ultimately to Hopin.
The company says it will use the new 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.
“Hopin started with the goal of giving people more options for meaningful connection,” said Boufarhat. “We continue to up-level with the priority to become accessible to all, and offer the optimal solution to seamlessly connect people to experiences for live events and beyond.
“Hopin plans to be wherever important conversations and connections happen. We are grateful for the ongoing support and confidence of our investors to actualise this.”
In 2021, Hopin expanded beyond virtual to become an all-in-one event management platform with the acquisition of Boomset, adding onsite capabilities such as kiosk, badges and more to its hybrid offerings.
Additionally, with the recent acquisition of Attendify, Hopin will enhance its event marketing suite to provide elevated, data-driven registration and engagement tools.
Also in 2021, Hopin acquired video hosting provider Streamable and set its sights on collaboration with the acquisition of video technology company jamm.
Previously, in 2020, Hopin entered the content space with the acquisition of StreamYard, adding that company’s 3.6 million video content creators to its base.
“The pandemic has forever changed how companies and communities interact and connect with their audiences and each other,” said Brad Gerstner, Founder and CEO of Altimeter Capital.
“We are thrilled to partner with Johnny Boufarhat and the team on their journey to make the world more connected through Hopin’s platform.”