Hopin raises $125m in Series B funding led by IVP and Tiger Global to scale its virtual events platform
The Series B round was led by IVP and Tiger Global with participation from Coatue, DFJ Growth, Accel, Northzone, Salesforce Ventures, and Seedcamp.
Hopin provides a shared experiences platform that lets organisations host virtual, hybrid and in-person events. The remote-first company operates globally from its London headquarters.
London-based virtual events provider Hopin has secured $125m in Series B funding led by existing backer IVP and new investor Tiger Global. The round also drew participation from Coatue, DFJ Growth, and returning investors Accel, Northzone, Salesforce Ventures, and Seedcamp.
The capital injection follows a period of hypergrowth for the business, which scaled its user base from 5,000 to 3.5 million in eight months. Hopin will deploy the fresh funds to scale its platform, expand its workforce, and meet growing international demand.
From the founder
"Hopin has proven its ability to make virtual events a central part of the way we interact with each other, and we’ve been eager to introduce Hopin Explore as a way for communities, companies, organizations and friends to discover more opportunities to connect,"
Johnny Boufarhat
CEO and Founder at Hopin
Investor perspective
"Hopin is the fastest-growing company we have seen at this stage and has meaningfully exceeded its plan since our last investment in June,"
Jules Maltz
General Partner, IVP
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
Investors
Jules Maltz
IVP
Tiger Global
Kris Fredrickson
Coatue
DFJ Growth
Accel
Northzone
Salesforce Ventures
Seedcamp
