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It is undeniable that the pandemic has changed the way we work, shop, and go about our daily lives. Even as companies are speeding up the process of bringing employees back into the office, many surveys have revealed that employees want to have some balance of in-office and remote work lifestyles. This paradigm shift means that hybrid companies like Hopin, who has taken the lead as the fastest-growing startup in Europe, won’t have to worry which way the workforce goes on this issue.
What Hopin does Hopin offers a virtual events platform that allows businesses to host multiple interactive areas, optimized for connection and engagement, similar to how an in-person event would have a center stage, breakout rooms, 1-on-1 meetings, and booths. Hopin differentiates by being able to host events for larger audiences compared to competitors like Zoom.
High-growth ahead The company is headquartered in London and was established in 2019 but has already passed a $5.5BN valuation, after raising 5 rounds of funding. Its last round in March was led by Andreessen Horowitz, General Catalyst Partners, and IVP for $400MM, which grew its valuation 2.5 times in just four months. The company has also boosted its capabilities by acquiring other video production companies StreamYard, Streamable, and One Tusk’s Jamm.
What’s next In an interview in March, Hopin’s founder and CEO Johnny Boufarhat shared that the company is already at $70MM+ in annual recurring revenue. As events and conferences are slowly moving back to in-person formats, Hopin is re-focusing its offering to hybrid event capabilities to expand organizers’ reach. Although its growing success could mean an early IPO, Hopin intends on staying private for the time being.
Competitors Here's a list of other startups that are also capitalizing on the continuing success of remote work and events. Dive deeper.
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