Total amount raised
$153 Millions
Latest funding date
10/01/2021
Location
Hubilo has successfully raised funds through multiple rounds, with its latest being a Series B round closed on October 12, 2021. The platform is designed to offer engaging and interactive event experiences, catering to both virtual and hybrid events.
Keep reading to explore the intricacies of Hubilo's fundraising journey and the investors backing this innovative platform.
What Is Hubilo?
Hubilo, founded in 2015 by Mayank Agarwal and Vaibhav Jain, is headquartered in San Francisco, California. The company specializes in providing a comprehensive platform for virtual and hybrid events, offering features like engagement tools and branded experiences.
Hubilo's platform is designed to help event planners and organizations create interactive and engaging event experiences. The company employs between 101-250 people, ensuring robust support and innovation in the event management space.
With a focus on maximizing ROI through AI-led content repurposing and behavioral analytics, Hubilo aims to revolutionize the future of events. Their platform supports a wide range of marketers, from demand generation to content marketers.
How Much Funding Has Hubilo Raised?
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: October 1, 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's initial operations and product development.
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: November 24, 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: $4.5M
- Date: October 26, 2020
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To pivot from a virtual networking platform to a virtual events solutions company during the COVID-19 pandemic.
- Series A
- Amount Raised: $23.5M
- Date: February 24, 2021
- Lead Investors: Balderton Capital, Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of the virtual events platform.
- Series B
- Amount Raised: $125M
- Date: October 12, 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 the workforce by 150%.
Total Amount Raised: $153M
Current Valuation: Not publicly disclosed
Key Investors
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that led Hubilo's Series B funding round. The firm focuses on long-term investments in technology and innovation sectors.
- Investment Focus Areas: Technology, innovation, global distributed workforces.
- Notable Investments: Not publicly disclosed.
- Balderton Capital
- Details: Balderton Capital is a London-based venture capital firm that participated in Hubilo's Series A and Series B funding rounds. The firm invests in early-stage technology companies across Europe.
- Investment Focus Areas: Technology, early-stage startups, event-tech.
- Notable Investments: Revolut, Citymapper, GoCardless.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that led Hubilo's Series A and participated in the Series B funding rounds. The firm has a strong focus on technology and innovation.
- Investment Focus Areas: Technology, innovation, digital solutions.
- Notable Investments: Snapchat, Affirm, Grubhub.
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 round, the company is poised to expand its platform capabilities, develop new business functions, and strengthen its teams across key regions like the US, UK, EMEA, and APAC. 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 innovate and expand. The company's rapid growth and substantial funding rounds suggest that additional investments could be on the horizon to support further expansion and platform enhancements. However, challenges such as competition from other event tech startups and the need to maintain rapid growth while ensuring consistent quality across regions could pose hurdles.
Industry trends indicate a shift towards digital solutions and hybrid events, which aligns well with Hubilo's offerings. As the company navigates these opportunities and challenges, its ability to adapt to evolving market demands and technological advancements will be crucial for sustained success.
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