I am thrilled to announce that Hubilo has raised $125 million in an oversubscribed Series B funding led by Alkeon Capital, with participation from existing investors Lightspeed Venture Partners and Balderton Capital.
This exciting step for Hubilo is all thanks to our amazing employees who have pushed the boundaries of innovation and teamwork to advance the events industry into this new age of digitized engagement. 18 months ago, it was because of our amazing team who rather than quit as our revenues dwindled, worked tirelessly to build a new engagement platform in 26 days. They not only saved the company, but they brought to us our loyal customers and partners, all of whom provide us with endless inspiration and fuel for continued growth.
We are living in an age of virtual connection. Every day, we seamlessly move from sending a text to a group chat before posting on social media and then meeting colleagues virtually, to connecting with friends in person. At Hubilo, we don’t believe in replacing traditional events. Rather, we believe that people need more than one way to engage and connect in the same way that you choose to watch your favorite sporting event - live in person, on TV, in a pub, or on your phone. Digital content, social connections, and events have all evolved over the past few decades, and I contend, they will converge. This is why Hubilo was born – to make the next generation of events more digital and more engaging, unforgettable, and ubiquitous.
There are many platforms on the market. None of which were built around the understanding that the top KPI for most events is engagement. None of which were built for use cases spanning well beyond Marketing use cases, such as L+D, Investor Relations, and Employee Engagement + Onboarding to name a few. And none of which are building for a future in which we can add revenue channels to already successful event models such as sports and concerts. There are sizable TAMs that we have not even begun to scratch the surface of, but with your help, we are excited to be the first to successfully expand the TAM potential of this new virtual and hybrid world.
With our latest round of fundraising, we have the bandwidth to experiment further in our SaaS plan, which will power our next growth stage. In parallel, we aim to launch a Hubilo marketplace that will provide a collection of vendors and services that will allow our enterprise clients to plan out a more comprehensive event strategy in one place. We will also continue to expand the go-to-market footprint of Hubilo across the globe, with a particular focus on North America and EMEA.
The future of ubiquitous events is here, and we are grateful to all of you who helped get us here. If you want to continue to help us foster connections through the reimagination of events, we’re looking for more great people, so please check out our open positions! Or join one of our events to see all that is possible on the Hubilo platform.
Experience Hubilo for yourself!
To hear more from me and some of our lead investors about this Series B fundraising, I welcome you to watch this video here.