Jen Andre 
- Portfolio News
- 21 November, 2024
The oversubscribed Series B round was led by Alkeon Capital, with participation from existing investors Lightspeed Venture Partners and Balderton.
Hubilo’s Series A was led by Balderton and Lightspeed Venture Partners in February of this year. Hubilo was founded in 2015 to build event tech that increased attendee engagement at in-person events. When the pandemic hit in 2020, Hubilo saw revenues dwindling to zero, but rather than declare bankruptcy, they reworked their technology in 26 days and emerged as one of the leading architects of large-scale communications with the first version of their event platform. Hubilo works with some of the globe’s largest brands such as Blackboard, Walmart, United Nations, Roche Pharma, Maersk Shipping, with several others.
The power to engage with massive audiences unlocks the potential for more diverse, geographically dispersed communities to come together for business and consumer events, remote workforces to stay engaged, and organisations to rethink the way they hire and train. The potential ahead of us with this investment is massive.
Vaibhav Jain CEO & Founder, Hubilo
What we’ve learned over the last 6 is that an intuitive platform is just table stakes. Our commitment to event organisers is that we will always provide a dedicated event team to ensure flawless execution of every event. This is why so many event organisers make Hubilo their platform of choice.
Vaibhav Jain CEO and Founder, Hubilo
The new funds 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.
As organisations in the EMEA region are now embarking on their post-pandemic recovery journeys, we have seen a great number of them look at innovative ways to network and reconnect internally, and with their customers and partners. Hubilo provides pan-European teams with the perfect platform to foster fruitful collaboration and attend large-scale events without needing to travel, empowering businesses to be more inclusive and break down the geographical barriers.
