The fast-growing, London-based event management platform Hopin has raised $450 million in Series D funding, the company has announced. The capital influx comes five months after the company raised $400 million in a Series C round.
Hopin will use the funds to accelerate growth to further scale the platform and invest in the development of its multi-product platform technologies, including building new product suites, according to the company.
The company has been on an acquisition spree with its capital. In June, Hopin acquired Boomset to help grow its platform beyond supporting digital events to in-person and hybrid events as well. In July, the company acquired Attendify to advance its event marketing product offering. Previously, Hopin had acquired hosting provider Streamable and video technology company Jamm in March to enhance its video offerings, live video-streaming studio startup StreamYard in January and event app Topi in December 2020.
Hopin earlier this year partnered to provide Marriott new options for hybrid meetings. It also has grown from six employees when it launched in 2019 to more than 800 in over 47 countries since the beginning of 2020, according to the company. It claims more than 100,000 organisations host events on its platform.
Since February 2020, Hopin has raised more than $1 billion, and with this round, it was valued at $7.75 billion, according to the company. New investors Arena Holdings and Altimeter Capital co-led this round, which also had contributions from new investors Adams Street Partners, Untitled Investments and XN in addition to existing investors Andreessen Horowitz, DFJ Growth, General Catalyst, GIC, IVP, Northzone, Salesforce Ventures, Slack Fund, Temasek and Tiger Global.