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Johnny Boufarhat founded Hopin in 2019. It is a virtual events platform and video-focused software service. They just closed a $400 million Series C. The new capital values Hopin at $5.65 billion. We invited the founder and CEO to share with us how they did it.
Hopin announced that it has closed a $400 million Series C, co-led by top VC companies Andreessen Horowitz and General Catalyst. According to TechCrunch, Hopin is reaching revenue of $70 million ARR today.
As part of the transaction, Andreessen Horowitz's Sriram Krishnan will join Hopin’s board.
Hopin had grown rapidly, from $20 million ARR in Q4 2020. It had recently bought StreamYard, a company that brought $27 million worth of ARR to the combined entity. Hopin spent $250 million on that deal, a transaction that was announced in January of this year. The company has raised $565 million since February of 2020.
Hopin intends to invest heavily in its product and engineering functions, in order to keep the company’s product spend high as a percentage of revenue.
SG SHow panel: The Innovation Puzzle – How can startups close corporate partnerships
The panel will include speakers from GE healthcare and Wayra:
Discussion topics will be around how startups can work with corporates, with a segway into AI and healthcare:
Join us on 25th March for a fireside chat with Hopin’s founder and CEO, Johnny Boufarhat and a panel with Wayra and GE Healthcare.
Founder & CEO
Johnny Boufarhat founded Hopin in 2019. It is a virtual events platform and video-focused software service. They just closed a $400 million Series C (valuation of $5.65 billion). The new capital values Hopin at $5.65 billion. We invited the founder and CEO, Johnny Boufarhat to share with us how they did it.
Head of Venture Development and Partnerships
Senior Director Digital Ecosystem
Director at Startup Grind London. Founding Partner at IPM Growth, a VC company investing in top tech companies from Central & Eastern Europe. Board member at Matsuko.com, Advisory board at Tachyum.com, Acquisition Committee at Tate (REEAC).
Founder of BrainTrust, a think-tank helping top tech CEOs and founders in Central Europe scale globally. Ex-Orange, ex-Reebok. Marian was featured in New Europe 100 (organised by Financial Times, Google, Respublica and Visegrad Fund), the list of outstanding challengers who are leading world class innovation from Central and Eastern Europe.
Petar Savic is an entrepreneur and super-connector with a key interest in acceleration within an Emerging Deep Technologies, bridging the gap between technical, creative and commercial requirements.
Moreover, he is the founder of a London based deep tech VC fund called Supreme Factory connecting the Balkans with the UK and beyond. Co-Director of Startup Grind London, the world’s largest startup community designed to educate, inspire and connect entrepreneurs.
Mentoring at over 20 accelerators, incubators, and corporate innovation programmes like One Tech by Capital Enterprise, P4 by UCL Precision Medicine, NatWest Accelerator, Newable, Global Entrepreneur Programme (GEP) by DIT, Kickstart London, Hackney Business, Magic Village London, Acorn Aspirations, Teens in AI, Spark Mostar, Business Incubator Novi Sad, Founders4Schools, Swisscontact, Escape The City, WeWork Labs, Startup Grind, Google for Startups, cLab Ventures, Startup Campus, etc.
Petar is a board member of initiatives such as Serbian Entrepreneurs, European Blockchain HUB, London Tech Advocates Balkans.
He is a Trustee of Primrose HIll Community Association, with a mission to create the first London's smart village. In the local OnTheHill magazine he writes a monthly column about entrepreneurship and supports Primrose Hill entrepreneurs.
Petar is a visiting lecturer at the Imperial College London, and a mentor at the top UK universities including University College London, Russell Group, London Business School, Cambridge Judge School, Queen Mary University of London, Hult Business School...
He was a Marketing and Events coordinator at the UCL Advances, at the time the largest entrepreneurial department in the world, working with more than 400 entrepreneurs and over 500 community events on pro bono bases. He was an Envoy at the Department for International Trade UK working on Western Balkans summit project.
Petar’s previous experience includes more than 15 years as an Head of Digital in corporate, government and culture sectors, with experience in Marketing, Innovation, and emerging deep technologies such as Fintech, Health, Food, Immersive and Digital Media, including the role of Head of Digital at EXIT Festival, the largest music festival in South East Europe.
For the past 6 years he advised some of the best startups and investment funds in the UK.
BrainTrust | IPM Growth | Startup Grind
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