Venture Capital/VC/News/ Events scaleup Hopin raises at $7.75bn valuation The raise cements Hopin's position as European tech's fastest-growing company. By Sifted reporters 5 August 2021 Johnny Boufarhat, founder of Hopin Johnny Boufarhat, founder of Hopin \Deeptech How war in Europe is making VCs bite the bullet and back defence tech By Mimi Billing 25 January 2023 Venture Capital/VC/News/ Events scaleup Hopin raises at $7.75bn valuation The raise cements Hopin's position as European tech's fastest-growing company. By Sifted reporters 5 August 2021 UK-based events unicorn Hopin said Thursday that it had raised another $450m in funding, valuing the company at $7.75bn just months after closing a previous round. The raise cements Hopin’s position as the fastest-growing European tech startup of all time and one of Europe’s largest private companies. Hopin’s latest raise is being co-led by new investors Arena Holdings and Altimeter Capital. Hopin first gained the title of the fastest-growing European tech startup of all time in March when it hit a $5bn valuation in just one year and nine months, smashing the previous record of three years and three months. It’s another sign of accelerating fundraising timelines for fast-growing companies in Europe; startups including Cazoo, Gorillas and Hopin have set faster and faster records for reaching unicorn valuations since the beginning of 2020. Hopin, which provides a virtual events platform, was founded in 2019 and saw rapid growth in 2020 when the Covid-19 pandemic hit and organisations were hungry for ways to host events online. Since the beginning of 2020, it’s grown to more than 800 employees in 47 countries. The company has also shown interest in offline events too; in 2021 it acquired US company Boomset to support in-person events with offerings like check-in kiosks and name badge printing. Hopin is one of Europe’s most acquisitive private tech companies, having also acquired video hosting provider Streamable, video technology company jamm and events marketing company Attendify in 2021, and livestreaming startup StreamYard in 2020. Hopin said in a press release that it will use the new funding to “further scale the platform and invest in the development of its multi-product platform technologies, including building new product suites”. Related Articles US vs UK funds: Who makes more money? By Kim Darrah Click here to read more Meet the startup bringing hard data to impact investing By Connor Bilboe Click here to read more Bouncing back from failure: Four bits of advice for phoenix entrepreneurs Sponsored by Silicon Valley Bank Click here to read more US and Asian investment in European startups goes bananas By Michael Stothard Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?