Hopin, the London-based all-in-one platform for creating virtual, hybrid and in-person events, announced on Thursday (Aug. 5) that it has raised $450 million in Series D funding. New investors Arena Holdings and Altimeter Capital led the funding round, with financial support being used to expedite expansion and ramp up the platform. In addition, funds will cover the development and deployment of multi-product platform technologies, such as the creation of new product suites.
Other new investors who contributed to Hopin’s funding round include Adams Street Partners, Untitled Investments and XN, as well as current investors Andreessen Horowitz, DFJ Growth, General Catalyst, GIC, IVP, Northzone, Salesforce Ventures, Slack Fund, Temasek and Tiger Global. Hopin has raised more than $1 billion since February 2020.
Thursday’s announcement comes on the heels of the two-year-old company’s acquisition of Boomset, a global provider of onsite event services. Amid the pandemic and the growing popularity of hybrid and virtual events, Hopin said the last year demonstrated that events could take on various formats. By purchasing the in-person event provider, Hopin broadened its services with on-site event management solutions such as badges, self-service kiosks and QR codes for checking in.
The Boomset acquisition came a week after the company announced a $400 million fundraise in a Series C round. With that funding, Hopin evolved from a virtual events platform to include hybrid functionalities.
Hopin recently purchased Attendify to upgrade its event marketing capabilities, according to the company. Earlier this year, Hopin acquired video hosting provider Streamable and video technology company jamm. Prior to that, in 2020, Hopin acquired content creation company StreamYard, adding its 3.6 million video content creators to its platform.
Since the beginning of 2020, Hopin has scaled from six to more than 800 employees in 47 countries and grown from a few hundred event creators on its platform to more than 100,000 organizations and millions of attendees at monthly events.