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.
Thursday, March 25, 2021
6:00 PM – 8:00 PM UTC
6:00 PM | Welcome, Intro |
6:05 PM | The SG Show: GE Healthcare & Wayra |
6:20 PM | Fireside Chat: Johnny Boufarhat, Hopin |
7:00 PM | Virtual Networking |
8:00 PM | Finish |
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