Aug 06, 2021 15:00:00

Virtual event platform 'Hopin' succeeded in raising 49.4 billion yen, and the number of employees increased 100 times in one year due to the explosion in demand for Corona

Due to the spread of the new coronavirus infection (COVID-19), offline

trade fairs and presentations have been canceled one after another, and companies and organizations are focusing on online presentations. Meanwhile, Hopin, a company that develops a virtual event platform established in 2019, announced that it has succeeded in raising $ 450 million (about 49.4 billion yen).

Hopin Raises $ 450 Million to Accelerate Platform Expansion and Continue to Build the Future of Experiences | Business Wire
https://www.businesswire.com/news/home/20210805005315/en/Hopin-Raises-450-Million-to-Accelerate-Platform-Expansion-and-Continue-to-Build-the-Future-of-Experiences

Virtual events startup Hopin valued at $ 7.75 billion
https://www.cnbc.com/2021/08/05/virtual-events-startup-hopin-valued-at-7-75-billion.html

Hopin is a company founded in June 2019 when CEO Johnny Buffalfat developed an autoimmune disease and became difficult to go out. We are developing products such as 'Virtual venue ', 'Studio ' which is a stream distribution auxiliary tool with high-quality editing functions , 'Event marketing ' which is an event notification tool, and 'Onsite ' which manages admission permits.

According to CNBC, Hopin has 100,000 customers, including well-known companies and organizations such as

American Express and the North Atlantic Treaty Organization (NATO), with a total of over 17 million users. As of March 2020, Hopin had eight employees, but at the time of writing the article, it has surged to 800. 'Hopin continued to grow before the spread of COVID-19, but the spread of COVID-19 clearly accelerated the growth of Hopin,' said Buffalfat. We acknowledge that the spread of 19 infections has boosted Hopin's growth.

Hopin, which has achieved rapid growth, succeeded in raising $ 125 million (about 13.7 billion yen) in November 2020. Furthermore, in March 2021, the corporate value reached a value of 5.65 billion dollars (620 billion yen), and we succeeded in raising 400 million dollars (about 44 billion yen).

Hopin announced on Thursday, August 5, 2021 that it had successfully raised $ 450 million. In the announcement, CEO Bufarfat said, 'Hopin continues to grow to provide a solution that seamlessly connects virtual events with real-world experiences. We are everywhere where important communication occurs. We plan to provide services, and we thank our investors for their continued support and trust in achieving this plan. '

Hopin acquired the stream distribution tool 'StreamYard ' in 2020 to improve the quality of stream distribution and started offering 'Studio'. Furthermore, in 2021, it acquired event management services such as 'Boomset ' and ' Attendify ', and will continue to work to grow Hopin into an integrated virtual event platform.