Hubilo raises $4.5 million funding led by Lightspeed

News Journals

4 years ago

Virtual events platform Hubilo has raised $4.5 million in a seed funding led by Lightspeed Enterprise Companions and a clutch of angel buyers together with Freshworks chief govt Girish Mathrubootham, former LinkedIn India CEO Nishant Rao and Slideshare cofounder Jonathan Boutelle.

The San Francisco-based firm gives gamified experiences to extend attendee engagement, and deep integrations with platforms reminiscent of Marketo and Salesforce to supply actionable insights to organisers and their sponsors who can lastly show return on funding from their event-related budgets.

Launched in 2015 as a cloud-based offline occasion administration platform, Hubilo’s income took an enormous hit because the occasion trade got here to a grinding halt this 12 months because of the Covid-19 pandemic.

In February this 12 months, the corporate pivoted to a digital occasion platform mannequin. Since then, it claims to have grown over 40 instances organically and is projected to exceed $10 million in bookings run charge and host over 1 million attendees within the subsequent few months. It has grown from 30 workers in April to 120, in keeping with founder Vaibhav Jain.

Hubilo stated it could utilise the contemporary capital to rent workers globally, arrange its headquarters and double the expertise staff.

It sees digital occasion platforms reminiscent of MyZoom as a collaborator and Cvent and Hopin as rivals.

Jain has a bullish view for the digital occasion trade in a post-pandemic world and believes that corporations would transfer ahead with a hybrid occasion mannequin to increase their buyer attain.

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