Total amount raised
$153 Million
Latest funding date
10/01/2021
Location
Hubilo has successfully raised funding over five rounds, with the latest being a Series B round backed by 22 investors, including Haystack and Alkeon Capital. The company has also made strategic moves, such as acquiring fielddrive, to enhance its virtual and hybrid event platform.
Keep reading to explore the intricacies of Hubilo's fundraising journey and the investors backing this innovative platform.
What Is Hubilo?
Hubilo is an all-in-one virtual and hybrid event platform based in San Francisco, California. The company operates in the enterprise software, SaaS, and software industries and has between 101-250 employees.
Founded to provide engaging and interactive event experiences, Hubilo has successfully raised funding over five rounds, with the latest being a Series B round. The company has also made strategic moves, such as acquiring fielddrive, to enhance its platform.
How Much Funding Has Hubilo Raised?
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and develop initial product offerings.
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: November 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Seed Round
- Amount Raised: USD 4,500,000
- Date: October 2020
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the Minimum Viable Product (MVP) and transition into a virtual events solutions company.
- Series A
- Amount Raised: USD 23,500,000
- Date: February 2021
- Lead Investors: Balderton Capital, Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the pivot to a virtual events solutions company and to scale operations.
- Series B
- Amount Raised: USD 125,000,000
- Date: October 2021
- Lead Investors: Alkeon Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market presence, develop new business functions, advance platform innovation, and increase employee count by 150%.
Total Amount Raised: USD 153,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that focuses on technology and growth sectors. They manage a long/short equity hedge fund and have a strong presence in the tech industry.
- Investment Focus Areas: Technology, growth sectors, innovation
- Notable Investments: Spotify, Pinterest, Stripe
- Balderton Capital
- Details: Balderton Capital is a London-based venture capital firm that invests in early-stage technology companies. They have a strong track record in supporting European startups.
- Investment Focus Areas: Technology, consumer internet, enterprise software
- Notable Investments: Revolut, Citymapper, GoCardless
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that focuses on early and growth-stage investments. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Enterprise, consumer, health, fintech
- Notable Investments: Snapchat, Grubhub, Nest
What's Next for Hubilo?
Hubilo stands at the cusp of significant growth opportunities, driven by the increasing demand for virtual and hybrid events. With a recent $125 million Series B funding, the company is poised to enhance its platform, expand internationally, and develop new business functions. The global events industry, projected to reach $400 billion by 2027, offers a vast market for Hubilo to tap into.
Future fundraising opportunities seem promising as Hubilo continues to scale and innovate. The company may attract further investments to support its rapid growth and expansion plans. However, challenges such as competition from other event tech companies and the need to continuously innovate to meet market demands could pose hurdles along the way.
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