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VEP Hopin raises a further $400m in new funding round

London-based virtual events platform Hopin has raised an additional US$400m in Series C funding, the company has announced. The new funding follows the raising of $40m Series A in June 2020 and a further Series B of $125m in November 2020.

Hopin, founded in 2019, has grown from six employees to more than 400 since the beginning of 2020 and now boasts over 80,000 user organisations. Major events it has hosted include The Atlantic Festival (37,000+ attendees) and TechCrunch Disrupt. Hopin has also worked with the UN, Financial Times, and the American Heart Association.

Following the Series B funding there was a dramatic scaling up of the team and the acquisitions of StreamYard and event app Topi.

The latest round of investment funding sees Hopin valued at $5.65bn.

The investments have brought new hires with Sarah Manning joining as VP of people, and Jonathan Killeen as head of remote.

Anthony Kennada joins as new chief marketing officer and Sriram Krishnan, general partner at Andreessen Horowitz, will join Hopin’s board of directors.

The company is offering a peek at what that hybrid future looks like on 25 March, at the Hybrid Events: Unlocked digital conference, hosted by Hopin and agency emc3.

Hopin founder and CEO Johnny Boufarhat said the evolution and scaling of Hopin would continue, into a suite of platforms and tools, as illustrated by its acquisition of StreamYard which has added 3.6m video content creators to its base. Video innovation will be prioritised, he said.

The Series C round of funding was co-led by Andreessen Horowitz and General Catalyst, with participation from returning investors IVP, Coatue, Northzone, Tiger Global, DFJ Growth and Salesforce Ventures.