Bengaluru, India – Global virtual events platform Hubilo has announced the conclusion of its US$125m series B seed funding, putting the company’s total funding to US$153m to date in 18 months. Said funding will be used 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.
The new funding was led by Alkeon Capital and additionally, Lightspeed Venture Partners and Balderton Capital.
Hubilo, which is based in India, was founded in 2015 to build event tech that increased attendee engagement at in-person events. Currently, the company works with some of the globe’s largest brands such as Blackboard, Walmart, United Nations, Roche Pharma, Maersk Shipping, with several others.
For Vaibhav Jain, CEO and founder at Hubilo, 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 organizations to rethink the way they hire and train.
“The potential ahead of us with this investment is massive. But what we’ve learned over the last 6 years is that an intuitive platform is just table stakes. Our commitment to event organizers is that we will always provide a dedicated event team to ensure flawless execution of every event. This is why so many event organizers make Hubilo their platform of choice,” Jain stated.
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.
Despite the Asia-Pacific region accounting for 25% of Hubilo’s business, the company still plans to further grow in the APAC region, especially in India. The recent additions to Hubilo’s India clientele are Publicis Sapient (TLG India Pvt Ltd), Nivea, Reliance Jio, Schneider Electric, and George P Johnson.
“While Hubilo started as an events technology platform, its solutions go beyond special occasions. It has successfully supported 10,000 events with more than two million attendees across more than 100 countries. As the new era of events unfolds among the uncertainty, one thing remains steady: Hubilo’s innovation and commitment to foster human connection through the re-imagination of events,” the company said in a press statement.
