Zoom rival from UK, Hopin grabs $450M Series D at $7.75B valuation, becomes Europe’s fastest-growing startup

Hopin

Flexible work and events are here to stay, and so is Hopin. The Covid unicorn of the UK, the one that got launched during the pandemic, accelerated its growth during the Covid crisis, Johnny Boufarhat’s mastermind product Hopin, a cut-throat rival to Zoom has now raised $450M in a Series D funding co-led by new investors Arena Holdings and Altimeter Capital.

New and existing investors including, Adams Street Partners, Untitled Investments and XN, Andreessen Horowitz, DFJ Growth, General Catalyst, GIC, IVP, Northzone, Salesforce Ventures, Slack Fund, Temasek, and Tiger Global, also participated. Since February of 2020, Hopin has raised more than $1 billion. In fact, in June 2021, Microsoft-owned Linkedin also invested in the British brand. With this, the live online events platform has reached a valuation of $7.75 billion and has become the all-time fastest-growing startup in Europe.

The London-based company will use the capital to accelerate growth to further scale the platform and invest in the development of its multi-product platform technologies, including building new product suites.

All-in-one live experiences

Founded by 27-year-old Johnny Boufarhat in 2019, Hopin enables brands and communities to create all-in-one, live experiences. Through its platform, attendees can learn, interact, and connect with people from anywhere in the world.

Company’s acquisitions

In 2021, the company has expanded beyond virtual to become an all-in-one event management platform with the acquisition of Boomset, adding onsite capabilities such as kiosks, badges, and more to its hybrid offerings.

Additionally, with the recent acquisition of Attendify, Hopin will enhance its event marketing suite to provide elevated, data-driven registration and engagement tools.

Further, the company acquired video hosting provider Streamable and set its sights on collaboration with the acquisition of video technology company jamm.

The company has scaled from six to more than 800+ employees in 47 countries and grown from a few hundred event creators using its platform to more than 100,000 organizations as well as millions of attendees showing up for events each month.

“Hopin started with the goal of giving people more options for meaningful connection,” said Johnny Boufarhat, CEO and Founder of Hopin. “We continue to uplevel with the priority to become accessible to all and offer the optimal solution to seamlessly connect people to experiences for live events and beyond. Hopin plans to be wherever important conversations and connections happen. We are grateful for the ongoing support and confidence of our investors to actualize this.”

“The pandemic has forever changed how companies and communities interact and connect with their audiences and each other,” said Brad Gerstner, founder, and CEO of Altimeter Capital. “We are thrilled to partner with Johnny Boufarhat and the team on their journey to make the world more connected through Hopin’s platform.”