Hopin, a London, UK-based virtual events platform provider, acquired StreamYard, a Tualatin, Oregon-based live video streaming studio that allows content creators to produce professional-quality video streaming experiences, for $250m.
The acquisition will allow Hopin to provide advanced video production features to Hopin event organizers. In addition to eventually integrating its features into the Hopin platform, StreamYard will continue to also offer its live streaming studio tools to independent content creators.
Founded in 2018 by Geige Vandentop and Dan Briggs, StreamYard provides a live video streaming studio that allows content creators to produce professional-quality streaming experiences. Its cloud-based solution enables the creation of graphically-rich branded experiences, the hosting of multiple guests at once, the engagement with viewers, and the simulcasting to multiple live streaming platforms, including YouTube, Facebook, LinkedIn, and Twitch. Today, the company serves over 100,000 paying customers, adding 10,000 paying customers per month.
Founded in 2019 by Johnny Boufarhat, CEO, Hopin provides a live virtual events platform where attendees can learn, interact, and connect with people from anywhere in the world. With Hopin, users can create live virtual and hybrid events that are interactive and immersive. Attendees can network one-on-one, break out into group sessions, watch keynote presentations, send chat messages and polls, and explore interactive expo areas. There’s also a virtual backstage for speakers and plenty of sponsorship opportunities.
Since its launch in February 2020, Hopin has scaled from 5,000 registered users and 1,800 organizations hosting events on the platform to more than 5 million users and over 100,000 organizations hosting events. The company has raised over $170 million to date, most recently completing a $125 million Series B led by IVP and Tiger Global and joined by Coatue and DFJ Growth, along with returning investors Accel, Northzone, Salesforce Ventures, and Seedcamp. It is a remote-first company based in London, with employees in 38 countries.
FinSMEs
07/01/2020