Event Start-Up Hopin Rounds Out $7.7 Million From Co-Lead Investors DFJ Growth and IVP (Institutional Venture Partners)

Hopin is a unique company that allows individuals to create live online events that can be interactive and personal. This allows people whose job may be a creative art that has been shut down or paused throughout the year of 2020 – 2021. This allows people to put on a live concert, art show, or any other type of creative activity. Hopin was formerly Hop.In.

The newsbreak that Hopin was hitting the $1 Billion milestone happened on August 5th, 2021.

Studies were shown that when Nickelodeon created an interactive idea, the beginning of interactive television… it seems Mr. Boufarhat is taking that idea further than ever before. With this the website acts like an app that can:

  • Network one-on-one over live video.
  • “Connect” and exchange virtual business cards for following up later.
  • Join breakout sessions and participate in groups.
  • Watch keynote presentations on stage, send chat messages, fill out polls, and explore interactive expo areas.

Hopin has raised a total of $1B in funding over 7 rounds. Their latest funding was raised on August 5, 2021 from a Series D round. Hopin is funded by 30 investors. DFJ Growth and IVP (Institutional Venture Partners) are the most recent investors. Since then, Hopin has acquired 6 organizations. Their most recent acquisition was Attendify on Jul 7, 2021.

The company’s employee count is around 500 – 1000, and located in London, United Kingdom. This company was only started in 2019 making it only 2 years old to date. This is still a new company receiving a lot of vc firms who are investing in them. So far with being given venture capital from investors such as DFJ Growth. The total number of investors involved in pushing Hopkin’s amount to the $1 Billion mark is around 40, with 10 being co-lead investors. These co-lead investors are: Northzone, XN, Altimeter Capital, General Catalyst, Adams Street Partners, GIC, Salesforce Ventures, IVP, Arena Holdings, and DFJ Growth. Another big round not too long ago, had raised $450 million in a funding round co-led by Arena Holdings and Altimeter Capital. However, Boufarhat has bought a few new start-ups. The co-lead investors are from all around the world.

What makes Hopin unique is that it enabled meaningful interactions and networking between people online, just like at an in-person event. They help workers choose to focus on engagement more than content. They helped out with letting people to not just watch, but be part of the experience themselves.

It does not seem that CEO Johnny Boufarhat has a co-owner listed at this time. And there has been no sign for any type of selling off of the company or merging with another.

The company now makes an annual recurring revenue, or ARR, of about $100 million, up from $70 million in March, and $20 million in November 2020.

Hopin has been available for early access and handled over 1,000 events hosted on the platform since July. Now the company has a wait list of about 10,000 event organizers, according to Boufarhat.

Hopin Website: https://hopin.com/

Owner Johnny Boufarhat Twitter:  https://twitter.com/johnnyboufarhat