Hopin, the leading virtual events provider, raised a $40 million Series A led by IVP, joined by Salesforce Ventures and existing investors Accel, Northzone, Seedcamp and Slack Fund. Since launching in 2019, Hopin has scaled to nearly a million users attending events hosted by over 16,000 organizations, dramatically expanding access while reducing costs for organizers and attendees. The company will use the investment to scale its platform to meet soaring demand and make virtual events the default for any organizer or attendee.
Having only launched in 2019, the company has already hosted thousands of virtual events bringing together more than 850,000 users including large-scale tech events, major international conferences and even weddings. With 50,000 customers on its waitlist and more than 1,000 organizations joining each day, the company is currently producing events for major organizations such as the United Nations, The Wall Street Journal, NBC Universal, Adobe, GitLab, Culinary Institute of America, TNW, and hundreds more.
“Hopin has quickly established itself as the clear market leader in virtual events,” said Jules Maltz, General Partner at IVP. “They’ve created the most engaging events that blend live presentations, interactivity, and truly valuable networking for an unparalleled digital experience. Hopin is scaling faster than any software company we’ve ever seen to meet the current demand and create an enduring model to meet this long-term societal shift. We’re proud to partner with Johnny Boufarhat and the incredible team at Hopin.”
“Hopin has built the leading platform for enterprise events,” said Alex Kayyal, Partner and Head of EMEA and APAC at Salesforce Ventures. “Hopin’s breakthroughs make online events dynamic and relevant to today’s customer expectations, as they help event organizers provide greater value for sponsors while driving better sales leads. We are delighted to be an early investor and support Hopin’s virtual events strategy and growth.”
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