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 virtua...