London’s virtual events platform Hopin has added another $450 million to the coffers via a Series D funding round. Since February of 2020, the company has raised over $1 billion.
The latest funding arrives via new lead investors Arena Holdings and Altimeter Capital, and saw 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.
Since the beginning of 2020, the juggernaut platform has grown from six to over 800 employees in 47 countries. From humble beginnings of a few hundred event organisers using the platform, Hopin now counts well over 100,000 organisations and millions of attendees passing thought its doors on a monthly basis.
2021 has already seen Hopin set out on a spree of acquisitions, and one can only presume that a portion of this almost half a billion-dollar funding round is earmarked for further M&A activities.
Altimeter Capital’s Brad Gerstner commented, "The pandemic has forever changed how companies and communities interact and connect with their audiences and each other. We are thrilled to partner with Johnny Boufarhat and the team on their journey to make the world more connected through Hopin's platform."