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The fastest growing startup in Europe

The fastest growing startup in Europe
April 7, 2021

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It is undeniable that the pandemic has changed the way we work, shop, and go about our daily lives. Even as companies are speeding up the process of bringing employees back into the office, many surveys have revealed that employees want to have some balance of in-office and remote work lifestyles. This paradigm shift means that hybrid companies like Hopin, who has taken the lead as the fastest-growing startup in Europe, won’t have to worry which way the workforce goes on this issue.

Credit: Hopin

What Hopin does
Hopin offers a virtual events platform that allows businesses to host multiple interactive areas, optimized for connection and engagement, similar to how an in-person event would have a center stage, breakout rooms, 1-on-1 meetings, and booths. Hopin differentiates by being able to host events for larger audiences compared to competitors like Zoom. 

High-growth ahead
The company is headquartered in London and was established in 2019 but has already passed a $5.5BN valuation, after raising 5 rounds of funding. Its last round in March was led by Andreessen Horowitz, General Catalyst Partners, and IVP for $400MM, which grew its valuation 2.5 times in just four months. The company has also boosted its capabilities by acquiring other video production companies StreamYard, Streamable, and One Tusk’s Jamm.

What’s next
In an interview in March, Hopin’s founder and CEO Johnny Boufarhat shared that the company is already at $70MM+ in annual recurring revenue. As events and conferences are slowly moving back to in-person formats, Hopin is re-focusing its offering to hybrid event capabilities to expand organizers’ reach. Although its growing success could mean an early IPO, Hopin intends on staying private for the time being.

Here's a list of other startups that are also capitalizing on the continuing success of remote work and events. Dive deeper.

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Since last week, PrivCo has added:
3141 Companies | 246 Funding Activities | 74 M&A Deals

Funding & Deal Highlights:

InVitae Corporation raises $1.2BN from SoftBank Capital
Biotechnology • Debt • San Francisco, CA

SendBird raises $100MM led by Steadfast Venture Capital
Mobile Software & Internet Services • Round C • San Mateo, CA

Inscripta raises $150MM co-led by Fidelity Management & Research Company and T. Rowe Price Associates
Biotechnology • Round E • Boulder, CO

Capitolis raises $90MM led by Andreessen Horowitz
Fintech Software & Internet Services • Round C • New York, NY

MotionPoint Corporation raises undisclosed funds from Lightview Capital
Translation Software & Internet Services • Equity • Coconut Creek, FL

Ecovactive Design raises $60MM led by Magical Mushroom Company
Biotechnology • Equity • Troy, NY

OpenBots raises $5MM
Software & Internet Services • Seed • New York, NY

STORD raises $65MM led by Bond Capital
Logistics Software & Internet Services • Round C • Atlanta, GA

Hex Technologies raises $5.5MM led by Amplify Partners
Analytics Software & Internet Services • Seed • San Francisco, CA

Zedada raises $12.5MM
Cloud Software & Internet Services • Equity • San Jose, CA

Outpace Bio raises $30MM co-led by ARTIS Ventures and Lyell Immunopharma
Biotechnology • Round A • Seattle, WA

KPI Senses raises $1.1MM led by Network Ventures
Finance Software & Internet Services • Seed • Chicago, IL

CirrusMD raises $20MM led by Blue Venture Fund
Health Care Services • Round C • Denver, CO

Auditoria.AI raises $15.5MM led by Venrock Associates
Automation Software & Internet Services • Round A • Santa Clara, CA

Catalant Technologies raises $35MM led by Goldfinch Partners
Human Resources Software & Internet Services • Round E • Allston, MA

OncoResponse raises $40.6MM
Biotechnology • Round C • Houston, TX

Polymer Solutions raises $1MM
Data Management Software & Internet Services • Equity • New York, NY

Athene Holding acquires J.C. Penney for $2.8BN
General Retail • Acquisition • Plano, TX

Kelso & Co acquires Ferraro Foods
Food & Beverage Distributors • Acquisition • Piscataway, NJ

Alphabet acquires Dysonics
Commercial Products & Office Supplies • Acquisition • San Francisco, CA

Hertz Holdings to receive $1.6BN capital to emerge from bankruptcy
Specialized Consumer Services • Capital • Estero, FL

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