Hubilo, a global intelligent virtual events platform that brings Experience & Intelligence together, announced that it has raised $4.5 million in a seed funding led by Lightspeed Venture Partners.
Angel investors that participated in the current financing round include Freshworks chief executive Girish Mathrubootham, former LinkedIn India CEO Nishant Rao and Slideshare cofounder Jonathan Boutelle.
Hubilo said it would utilise the capital to hire staff globally, set up its headquarters and double the technology team.
Founded in early 2020 by Mayank Agarwal and Vaibhav Jain, Hubilo is trusted by a growing list of global brands like the United Nations, Roche, Informa Markets, Tech In Asia, Fortune, GITEX, and many more.
Headquartered in San Francisco, the company offers gamified experiences to increase attendee engagement, and deep integrations with platforms such as Marketo and Salesforce to provide actionable insights to organisers and their sponsors who can finally prove return on investment from their event-related budgets.
“In February this year, the company pivoted to a virtual event platform model. Since then, it claims to have grown over 40 times organically and is projected to exceed $10 million in bookings run rate and host over 1 million attendees in the next few months. It has grown from 30 employees in April to 120,” Vaibhav Jain, Founder of Hubilo, said.
–AN
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.