Hopin, a London, UK-based virtual events provider, raised $400M in Series C funding.
The round was 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. In conjunction with the investment, Sriram Krishnan, general partner at Andreessen Horowitz, will join Hopin’s Board of Directors.
The company intends to use the funds to accelerate growth, including scaling its operations, team and platform.
Led by Johnny Boufarhat, CEO and Founder, Hopin enables brands and communities to create all-in-one live video experiences for their audiences. Through its platforms, 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. To exand its solutions, the company acquired StreamYard, a video streaming studio, in 2020.
The funding follows Hopin’s $125m Series B funding announced in November 2020. Since then, the company has added 30,000 customers including Poshmark, American Express, Hewlett Packard, The Financial Times, and YMCA. Since February of last year, the company has raised more than $565 million.
Hopin has more than 400 employees and more than 85,000 organizations with millions of attendees showing up each month.