Hopin Raises $400m Co-led by Andreessen Horowitz and General Catalyst (Event Tech Live)
Summary
Event Tech Live reports, in a 4 March 2021 article by Adam Parry, that Hopin, a virtual events provider, announced $400M in Series C funding co-led by new investors Andreessen Horowitz and General Catalyst and existing investor IVP, with participation from returning investors Coatue, DFJ Growth, Northzone, Salesforce Ventures and Tiger Global. It says the funding follows a $125 million Series B announced in November 2020, that Hopin has added 30,000 customers since then and that it has raised more than $565 million since February of the previous year. Sriram Krishnan of Andreessen Horowitz will join Hopin's Board of Directors, and Anthony Kennada is named CMO, Sarah Manning VP of People and Jonathan Killeen Head of Remote.
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Hopin Raises $400m Co-led by Andreessen Horowitz and General Catalyst Adam Parry 4 March 2021 0 comments - Series C Co-led by Andreessen Horowitz and General Catalyst, with IVP; Sriram Krishnan from Andreessen Horowitz to Join Hopin Board - Anthony Kennada Named as CMO, Sarah Manning as VP of People, and Jonathan Killeen as Head of Remote Hopin, a leading virtual events provider, announced today that it has raised $400M in Series C funding co-led by new investors Andreessen Horowitz and General Catalyst, and existing investor IVP, with participation from returning investors Coatue, DFJ Growth, Northzone, Salesforce Ventures and Tiger Global. The funding follows Hopin’s $125 million Series B funding announced in November 2020. Since then, Hopin has added 30,000 customers including Poshmark, American Express, Hewlett Packard, The Financial Times, and YMCA. Since February of last year, Hopin has raised more than $565 million. Johnny Boufarhat, CEO and Founder of Hopin said: “We are creating a portfolio of products to build the future of live video collaboration and remote community. As we’ve seen, the importance of providing unparalleled virtual and hybrid event experiences has never been greater and this latest funding is a reflection of how critical it is as brands look for ways to connect with people and avenues of growth. To enable this, we are investing more in video innovation, the core medium of digital collaboration. We’re incredibly appreciative of the confidence from our investors who share Hopin’s vision for a better connected world. This is a testament to the dedication of the Hopin team, which works hard to deliver for our customers.” In addition to the investment, Sriram Krishnan, general partner at Andreessen Horowitz, will join Hopin’s Board of Directors. “Hopin’s leadership team brings together business, event and software expertise that puts them in a unique position to dramatically transform the way we connect and interact with each other through events,” said Mr. Krishnan. “We believe that Hopin is the leader in this space and couldn’t be more excited to partner with the team on their bold vision.” Hopin will use this capital to accelerate growth, including scaling its operations, team and platform to meet the demands of its expanding customer base and support its multi-product business. Hopin’s technology is already being used to power the digital component of hybrid experiences in events across Europe, and as announced last week, will soon power new hybrid meeting solutions across the Marriott portfolio of hotels in the United States and Canada. Hopin has scaled from six to more than 400 employees since the beginning of 2020 and grown from a few hundred event creators to more than 85,000 organizations with millions of attendees showing up each month. Hopin will continue investing in the development of its platform technologies in areas such as video and mobile, which are crucial to defining the future of hybrid events and making them a seamless experience. Hopin recently acquired mobile app development company Topi and video streaming company StreamYard, adding StreamYard’s 3.6 million video content creators to its base. “Johnny and the team have built one of the fastest-growing SaaS companies in history by turning a period of unprecedented disruption into an opportunity to redefine how we gather virtually, in-person, and on the entirely new spectrum of experiences that fall in between,” said Quentin Clark, managing director at General Catalyst. “The scale and speed at which they’ve been able to build Hopin into a global business is impressive. It’s also a clear reminder of the significant depth of enterprise and SaaS talent that exists in Europe today.” Adam Parry Adam Parry is a founder, researcher and content creator, and one of the leading voices in the events industry. With over two decades of experience building conferences, producing original research, and creating content across event tech, marketing tech, and media tech, he brings a unique perspective on where technology and human experience intersect. A regular speaker, podcast host, and guest on industry shows, Adam is known for his optimistic outlook on the future of live experiences and his commitment to helping the industry move forward. Now based in Dubai, he brings a global perspective to his work - connecting ideas, people, and trends from across the world of events. Related Posts Subscribe to our newsletter - Connector by Fenix Event Tech and the Event Tech Integration Gap Fenix Event Tech built its name on onsite hardware and support. It has now launched Connector, a custom middleware service for organisers. Co-founder Matteo Poggio explains the thinking, and I set out what I would want answered before signing anything. Every organiser has had the same thought at least once. 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