- 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