Hubilo, the virtual and hybrid events platform, today announces a £17 million Series A investment led by Lightspeed Venture Partners and Balderton Capital.
In response to the pandemic nearly a year ago, Hubilo pivoted from physical to virtual events and has since seen a growth rate of 10,000%. The funding comes months after Hubilo’s £3.2m seed round in November and will be used to further expand its global customer base, acquire office space in London, expand its teams in the UK and Europe, and develop the Hubilo platform.
The Series A funding will also be used will also help accelerate the development of Hubilo’s platform, with an increased focus on enabling businesses to develop authentic connections with their customers to develop stronger long-term relationships. In the next few months, Hubilo plans on rolling out several features that will enable stronger attendee engagement and new monetisation opportunities for organisers.
“We’ve experienced remarkable growth over the last few months thanks to our vision of placing experience and intelligence at the forefront of virtual events,” said Vaibhav Jain, Founder and CEO, Hubilo. “Our strategy, product features and platform intelligence are expanding the possibilities of what is achievable in the events space, and we’re continually delivering greater value for event organisers, sponsors and other stakeholders. We’re excited to welcome our investors onboard as we begin this next phase of global expansion.”
Suranga Chandratillake, General Partner at Balderton Capital, added “The financial cost and productivity, as well as the climate hit of traditional, in-person events, can be huge. The Pandemic has demonstrated that virtual and hybrid events can be as engaging as physical ones and substantially cheaper to run and attend, more profitable for organisers and contributors, and more inclusive for attendees. Hubilo is at the heart of this revolution of how people meet and ideas get exchanged, and we are excited to be partnering with them for their journey.”
In March 2021, over 4000 marketing professionals, 40 CMOs and 400 event industry professionals from around the world will come together for Hubilo’s two-day Restart 2021 virtual event to build a more vital collective understanding of the power of experiential digital events and their benefits.