Saturday, March 2

Hubilo Raises $4.5 Million From Lightspeed Ventures

SAN FRANCISCO, 28th Oct. 2020 — Hubilo, a global virtual events platform raises $4.5 million in a seed round led by Lightspeed and backed by marquee tech angels.

Starting its journey amidst the Covid crisis in April, Hubilo has grown over 32x organically and is projected to comfortably exceed $10 million in bookings run rate and host over 1 million attendees in the next few months.

The $800 billion global events industry was one of the hardest hit by the Covid-19 but organizers are migrating online rapidly and also expanding their attendee base.

For example, Apple’s WWDC attendance went from 6,000 developers in 2019 to several million online this year. Unlike many of its competitors that focus only on event management software, Hubilo is building a “system of record” for virtual events. On one end, Hubilo offers gamified experiences to increase attendee engagement, and on the other end, it offers deep integrations with platforms such as Marketo and Salesforce to provide actionable insights to organizers and their sponsors who can finally prove ROI from their event-related budgets.

With customers like the United Nations, Roche, Informa Markets, Tech In Asia, Fortune, and GITEX already using Hubilo for their events many having switched over from platforms such as Cvent and Hopin. Hubilo is seeing strong pull as well as repeat usage from clients in the US, EMEA, and APAC markets.

An average Hubilo client has returned to host 4 new and larger events within the last 6 months, some with over 80-100K attendees.