Hubilo, today announced it has raised US$125 million in Series B funding from a consortium led by Alkeon Capital.
Hubilo, which is fast becoming a disrupter in the hybrid events and engagement segment, was additionally supported in its Series B round by Lightspeed Venture Partners and Balderton Capital, bringing the company’s funding total to US$153 million in just 18 months. The investment by Alkeon, Lightspeed, and Balderton is one of the largest in the event-technology category and is a strong indicator of the shifting landscape in a subsector that empowers people to connect, engage, share experiences, and create opportunities.
The Series B funding is expected to fuel continued growth for Hubilo, both in its domestic market, India, and across the globe. The company is now looking forward to developing new business functions and further advancing the capabilities of its platform. It will strengthen its product, engineering, and design units in India, while go-to-market teams in the US, UK, EMEA, and APAC explore new opportunities. Hubilo also plans to set up more sales offices in key regions to expand its operations further and reach more customers. In addition, it will expand its workforce by 150% to respond to the increased customer demand for virtual and hybrid events.
“The pandemic brought a series of shocks to organisations around the world, starting with lockdown restrictions and moving swiftly to ongoing industry impact in which organisations had to rethink the way they hire and train,” said Vaibhav Jain, CEO and founder at Hubilo. “The potential ahead of us with this Series B investment is massive, but if we’ve learned anything over the past six years, it is that an intuitive platform is just the beginning. Our key differentiator is our commitment to event organisers to provide a dedicated onsite team to ensure flawless execution of every show and summit. This, more than anything, is what makes Hubilo the platform of choice for those that want their events to be free of technical hitches and hassles.”
