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.
About this event
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:
Jan Beger, Senior Director Digital Ecosystem at GEHC, and the Lead of the EMEA Edison accelerator
Patricia Nicola, Head of Venture Development and Partnerships at Wayra
Discussion topics will be around how startups can work with corporates, with a segway into AI and healthcare:
How can startups get involved with corporates?
How can Deep Tech help me stay healthier?
Segway into Healthcare – What technologies are available for me to use?
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.