Total amount raised
$1 Billions
Latest funding date
9/1/2021
Location
Hopin has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform, now rebranded as RingCentral Events, continues to innovate in the event management space.
Keep reading to explore the intricacies of Hopin's fundraising journey and the investors backing this dynamic platform.
What Is Hopin?
Hopin, founded in June 2019 by Johnny Boufarhat, is an event platform provider based in London, England. The company specializes in connecting communities through virtual, hybrid, and in-person events.
With a workforce of 5001-10000 employees, Hopin enables users to create interactive and personal live online events. The platform supports various event types, including large-scale tech events, international conferences, and even weddings.
Recently acquired by RingCentral and rebranded as RingCentral Events, Hopin continues to innovate in the event management space, offering features like custom branding, engagement tools, and studio-quality streaming.
How Much Funding Has Hopin Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Seedcamp
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch the first version of Hopin.
- Seed Round
- Amount Raised: £5M
- Date: February 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team.
- Series A
- Amount Raised: $40M
- Date: June 2020
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and support rapid user growth.
- Series B
- Amount Raised: $125M
- Date: November 2020
- Lead Investors: IVP, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series C
- Amount Raised: $400M
- Date: March 2021
- Lead Investors: Andreessen Horowitz, General Catalyst, IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support acquisitions and further scale the platform.
- Series C (LinkedIn)
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: LinkedIn
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To integrate LinkedIn's networking capabilities into Hopin's platform.
- Series D
- Amount Raised: $450M
- Date: August 2021
- Lead Investors: Altimeter Capital, Arena Holdings
- Valuation at Round: $7.75B
- Motivation Behind the Round: To accelerate platform expansion and build new product suites.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources for scaling.
Total Amount Raised: $1.02B
Current Valuation: $7.75B
Key Investors
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm based in Menlo Park, California. The firm invests in both public and private technology companies.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Snowflake, Roblox, Unity Technologies.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a venture capital firm based in Menlo Park, California. The firm is known for its investments in early-stage startups and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Facebook, Airbnb, Lyft.
- IVP
- Details: IVP (Institutional Venture Partners) is a later-stage venture capital and growth equity firm based in Menlo Park, California. The firm focuses on high-growth technology companies.
- Investment Focus Areas: Technology, enterprise software, internet.
- Notable Investments: Slack, Twitter, Snap.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm based in New York City. The firm invests in both public and private markets globally.
- Investment Focus Areas: Technology, consumer, internet.
- Notable Investments: Spotify, Stripe, ByteDance.
- Accel
- Details: Accel is a venture capital firm based in Palo Alto, California. The firm invests in early-stage and growth-stage technology companies.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Dropbox, Slack.
What's Next for Hopin?
Hopin's future is brimming with opportunities, driven by its aggressive expansion strategy and the growing demand for virtual and hybrid events. With over $1 billion raised, the company is poised to scale its platform, enhance its multi-product technologies, and expand its global presence. The recent $450 million Series D funding will further accelerate these efforts, allowing Hopin to integrate new features and improve user experiences.
As Hopin continues to grow, future fundraising rounds are likely, given the significant investor interest and the company's rapid expansion. However, challenges such as integrating acquired companies, maintaining platform stability, and staying ahead of competitors will require careful navigation. The evolving landscape of virtual events presents both opportunities and hurdles, making Hopin's journey one to watch closely.
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