Virtual events platform wins $125m in series B funding

Hubilo, a virtual and hybrid events startup co-headquartered in India and the US, has secured US$125 million in fresh funding. The company has raised US$153 million in total so far in less than a year.

More funding details

• New investor: New-York based hedge fund Alkeon Capital
• Returning investors: Lightspeed Venture Partners and Balderton Capital
• Stage: Series B

More company updates

• Hubilo will use the new funding to develop new business functions as well as bolster its product, engineering, design, and go-to-market teams. While Asia Pacific accounts for 25% of Hubilo’s business, it plans to capture more growth in the region, including Singapore.
• The startup also announced plans to set up sales offices in key regions to expand its operations and reach more customers.
• Since being founded in 2015, Hubilo said it has supported 10,000 events with more than 2 million attendees across more than 100 countries.
• In October 2020, the startup raked in US$4.5 million in a seed round of funding led by Lightspeed. Other investors included Freshworks CEO Girish Mathrubootham, former LinkedIn India CEO Nishant Rao, Slideshare co-founder Jonathan Boutelle, and Helpshift CEO Abinash Tripathy.

For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.