4 years ago
LinkedIn Invests in Hopin, a Leading Virtual Events Platform
LinkedIn, owned by Microsoft, has invested under $50 million (nearly £35 million) in Hopin, a leading London-based virtual and hybrid experiences platform
This investment comes as part of Hopin's oversubscribed Series C secondary round
Hopin will use the funds to accelerate growth by scaling and supporting its multi-product business
The company will continue investing in the development of its platform technologies in areas such as video and mobile
Hopin has acquired several other companies in the video technology space, including StreamYard, Streamable, and Jamm, to enhance its video capabilities and expand its product offerings.
ProblemTechnology
"The pandemic has accelerated the shift to remote work, leading to a surge in demand for engaging and feature-rich virtual event platforms that can replicate the experience of in-person events."
Solution
"Hopin provides an all-in-one platform for hosting interactive and immersive virtual and hybrid events, offering features like virtual talks, networking sidebars, and professional-grade video capabilities."