Hopin, the startup that powers online events, is in talks with investors to raise new funding at a valuation of $7 billion. The new funding round comes about five months after Hopin announced a $400 million Series C co-led by Andreessen Horowitz and General Catalyst, which valued the London-based startup at $5.6 billion.
Hopin was founded in the summer of 2019, just months before the pandemic lockdowns disrupted the live events industry. Since then, Hopin’s business has exploded due to the demand for its virtual events software for conferences, awards ceremonies and exhibitions.
The Information says it is “one of the fastest-growing software startups in history, having expanded from 8 people in March 2020 to more than 400 workers as of March 2021. It’s also raised nearly $700 million in VC funding in under two years, not including its newest funding round”.
Hopin’s investors include IVP, Coatue, DFJ Growth, Northzone, Salesforce Ventures, and Tiger Global.
