Lead Investors Alkeon Capital, Lightspeed Venture Partners Bet Big on Many-to-Many Collaboration Technologies
Hubilo, a leading global virtual events platform, announced that in a funding round led by Alkeon Capital and additionally, Lightspeed Venture Partners and Balderton Capital, it has raised £92 million in Series B funding to further the development of the future of events and engagement on Hubilo’s platform. This brings the company’s total funding to £113 million to date in less than 18 months. The investment, one of the largest in the event technology category, signals the revolution in ways by which people connect, engage, share experiences, and create opportunities at a time when uncertainty about COVID-19 and its variants have resulted in cancelled events and delayed a return to traditional office environments.
The Series B funding will supercharge Hubilo’s continued international growth by allowing the company to develop new business functions, advance innovation of its platform, strengthen its product, engineering, and design teams in India, and go-to-market teams in the US, UK, EMEA, and APAC. Hubilo also plans to set up new sales offices in key regions to expand its operations and reach a greater volume of customers. In addition, Hubilo will also increase the overall employees’ count by 150% to support its rapid growth plans and to respond to the increased customer demand for virtual and hybrid events.