Hopin, the remote live online events company, has today announces it has raised £5 million ($6.5M) in seed investment led by global venture capital firm Accel, with participation from Northzone, Seedcamp, Web Summit’s Amaranthine Fund and Slack Fund.
A number of high-profile angel investors also participated, including Supercell founder Ilkka Paananen, UiPath founder Daniel Dines, Intercom founder Des Traynor, GoCardless COO Carlos Gonzalez-Cadenas and Miro founder Andrei Khusid.
Pioneering the future of events, Hopin is an online venue where organizers can create, host and manage live events for up to 100,000 attendees.
Built for companies and global communities that host events, Hopin is opening up the online market for larger events, such as conferences, fairs and expos, as traditional web-conferencing and event management tools aren’t built to cater to larger groups, and usually cap attendees at 1,000.
The idea was born out of Founder and CEO Johnny Boufarhat’s own frustrations of not finding the right tools to collaborate and network with larger groups remotely. Hopin’s own team is fully distributed and uses the platform to connect regularly.
Boufarhat said: “Connecting people is at the core of what we do at Hopin. We want to make sure everyone can experience the same great benefits of events — the connection you made bumping into someone in a breakout session, the potential customer you met at your booth or the awesome tip you got from a panel speaker – without having to physically attend. We are building the future of events and are thrilled to be partnering with ambitious investors like Accel and Northzone.”
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Since July last year, Hopin has been available by early access and seen incredible demand, with over 1,000 events hosted on the platform and a 10,000-strong wait list of event organisers. With this investment, Hopin will continue to build out its platform, expand its team and quickly scale.
Luciana Lixandru, who led the investment for Accel and will be joining the board, said: “At Accel we love investing in tools that bring people closer together. Hopin is the only platform that can truly replicate an offline event online, no matter the size.
“When we met Johnny and saw his drive and ambition, the incredible product and Hopin’s impressive organic growth, we knew this was a team with whom we wanted to partner.”
Northzone investor Paul Murphy added: “We saw a vision in Hopin that’s bold enough to redefine the entire events industry, led by a founder with the conviction to pull it off. We’re excited to get to work with Johnny and the rest of the crew.”