Hopin offers an all-in-one events platform that lets brands and communities create highly interactive and immersive live virtual, hybrid and in-person experiences. The company provides tools for attendee interaction, engagement and event management and has expanded its product set through acquisitions such as StreamYard, Streamable, jamm, Boomset and Attendify. Hopin says it will use new capital to accelerate growth, further scale the platform and invest in multi-product platform technologies and new product suites. Since early 2020 the company has scaled from six to more than 800 employees across 47 countries and serves more than 100,000 organizations with millions of attendees each month. Hopin is a remote-first company headquartered in London and was founded in 2019. The company positions its platform to be used wherever important conversations and connections happen. Hopin is a virtual events platform and video-focused software service that delivers live, interactive event experiences. The company has scaled rapidly and reports $70 million ARR, partly boosted by its $250 million acquisition of StreamYard, which added $27 million ARR. Hopin says it will invest heavily in product and engineering and is open to making more acquisitions to expand its video-first product lineup. CEO Johnny Boufarhat emphasized keeping product spend high to defend the company’s core market and add capabilities. The company has raised $565 million since February 2020 and continues to grow through both M&A and organic expansion. Hopin intends to be operationally IPO-ready next year and may pursue a traditional IPO in 2022 or 2023. Hopin builds online events software that enables virtual and hybrid conferences, with features for hosting and discovering events. The company saw rapid adoption during COVID-19, reporting more than 3.5 million users and over 50,000 groups hosting events on its platform; monthly attendees grew from 16,000 in March to 175,000 in June. Hopin grew its ARR from $0 to $20 million in nine months and the CEO says the company is profitable today (it was nearly profitable after a February $6.5M round). The startup has expanded headcount from a single person to about 215 employees and plans to reach roughly 800 staffers in 2021, with over half of new hires focused on technical roles and about 50% of current staff being developers. Product plans include building Hopin into a platform for third-party integrations (including potential VR) and launching features like "Hopin Explore" to help users discover events. Leadership sees a long-term hybrid events market opportunity even after in-person events return. Hopin builds virtual events technology that recreates in-person conferences online, including digital equivalents of expo centers, multiple stages, and networking features. The company frames itself as a "venue," requiring operational support to ensure large events run smoothly. Usage accelerated during COVID-19, with monthly attendees on its platform rising from 16,000 in March to 175,000 in May. Hopin's employee base grew from eight to 60 in 2020, and the company targeted 200 employees by the end of 2020. Management reported marketing costs are around zero, and said revenue scaled roughly with expenses, leaving the business "nearly profitable" during the February period. The firm is exploring future possibilities such as more VR-style experiences while competing with players like Teeoh and Eventbrite. Hopin operates an online venue where organizers can create, host and manage live events for up to 100,000 attendees. Its Event Builder lets users set up events in a few minutes for meetups, hackathons, all-hands and conferences. Events can be online-only or layered on top of existing offline events. Since July prior to the article, the platform hosted over 1,000 events. The company plans to use new funding to continue building out its platform, expand its team and rapidly scale. Hopin is led by Founder and CEO Johnny Boufarhat.

Total raised

$1.0B

Funding rounds

5

Latest round

Series D

Latest activity

Aug 2021