PR88235

BENGALURU, India, Feb. 25, 2021 /PRNewswire=KYODO JBN/ --

- Hubilo's platform is growing exponentially, with over 50% month-over-month

growth this past year

- Its global customer list includes the United Nations, Roche, Informa Markets,

Tech in Asia, Fortune, AWS, Siemens

- Hubilo to invest in strengthening its product and design teams in India and

building out its US and Europe-based go-to-market teams

Hubilo, the global virtual and hybrid events platform, has announced a $23.5

million Series A investment led by Lightspeed Venture Partners and Balderton

Capital, alongside several industry experts and luminaries, including John

Thompson, Chairman of the Board at Microsoft, and Chris Schagen, Former CMO at

Contentful. This funding comes just months after Hubilo's $4.5 million seed

round in November 2020. It is a reflection of the exponential growth in

Hubilo's business and investor belief in Hubilo's vision for a category that

represents the largest fraction of marketing budgets globally.

Exactly a year ago, Hubilo witnessed its revenue as a successful in-person

events company begin to collapse as the pandemic took hold. Hubilo rose to the

challenge by doubling down on its virtual events platform, adding hundreds of

features in less than a month to support the needs of the largest and most

demanding conferences in the world. As a result, Hubilo has emerged as one of

the leading platforms serving the high end of the corporate virtual events and

trade show market, growing its revenue by 50% month-over-month since enrolling

the first customer for its virtual events platform in April 2020.  

CMOs widely acknowledge that Covid-19 has permanently disrupted the event

landscape. Virtual events are now a key part of how businesses connect with

their customers, attracting a far broader set of attendees and speakers than

physical events. There's also an increased sense of urgency around ensuring

that physical events become hybrid with a digital overlay that brings the

benefits of virtual events to the physical world. Hubilo is at the forefront of

this transition and plans to build on its momentum by expanding its leadership

teams globally, with new offices in San Francisco and London and a rapid

build-out of its sales, marketing and customer success teams out of those

offices. The Series A funding will also help accelerate the development of

Hubilo's platform. In the next few months, Hubilo plans on rolling out several

features that will enable stronger attendee engagement and new monetization

opportunities for organizers.

Hubilo has already hosted more than a million attendees on its platform -

without the all too common "Zoom fatigue". Organizers see increased attendee

engagement through built-in networking features, including meeting tables,

private rooms, meeting schedules, and gamification features such as

leaderboards. Organizers also love the one-click integration with existing

go-to-market platforms including HubSpot, SalesForce and Marketo, enabling them

to demonstrate ROI through event data integrated with their existing workflows.

Vaibhav Jain, Founder and CEO at Hubilo, says. "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

organizers, sponsors and other stakeholders. We're excited to welcome our

investors onboard as we begin this next phase of global expansion."

Guru Chahal, Partner at Lightspeed Venture Partners US, added, "In our

research, some of the most demanding customers worldwide made it clear that

Hubilo was their trusted partner in both these categories, virtual and hybrid.

We are delighted to lead Hubilo's Series A funding and use Lightspeed's global

resources to support their exponential growth."

Hemant Mohapatra, Partner at Lightspeed Venture Partners India, further added

"As Hubilo's first institutional backers, we are extremely pleased to welcome

new world-class investors and board members to the team as we shift into an

even higher gear to dominate virtual and hybrid events in a world that is

emerging out of the pandemic."

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[https://hubilo.com/restart-2021/] virtual event to build a

more vital collective understanding of the power of experiential digital events

and their benefits.

About Hubilo[https://hubilo.com/]:

Virtual and Hybrid Event Technology Company Hubilo is one of the

fastest-growing SaaS companies today, globally. Hubilo has witnessed a growth

rate of over 10,000% in less than a year and has raised a seed round of $4.5

million and a Series 'A' round of $23.5 million from leading Venture Capital

firms like Lightspeed Venture Partners and Balderton Capital, and several

renowned angel investors. Hubilo is headquartered out of San Francisco in the

US, with offices in London in the UK and Bengaluru in India with clients in the

United States, Europe, APAC, Middle East and Africa. Hubilo's customers include

names like United Nations, Roche, Informa Markets, Tech in Asia, Fortune, AWS,

Siemens, Cognizant, Veritas Technologies, GITEX and several others. Led by

Founders Vaibhav Jain and Mayank Agarwal, Hubilo is building out the world's

most comprehensive digital platform to help businesses strengthen their

relationships with their customers and partners through virtual and hybrid

events.

About Lightspeed Venture Partners[https://lsvp.com/]:

Lightspeed is a multi-stage venture capital firm focused on accelerating

disruptive innovations and trends in the Enterprise, Consumer, and Health

sectors. Since 2000, Lightspeed has backed entrepreneurs and helped build

companies of tomorrow, including Snap, AppDynamics, Affirm, OYO, Nutanix,

Byju's, and Udaan. Lightspeed and its affiliates currently manage more than $10

Billion across the global Lightspeed platform, with investment professionals

and advisors in India, Silicon Valley, Israel, China, Southeast Asia and Europe.

Source: Hubilo