Virtual event company Hubilo raises US$125m

Virtual event start-up Hubilo has raised US$125 million to accelerate its expansion plans.

Grown out of India but now headquartered in San Francisco, the company had previously raised US$28 million in six years, with the majority of that in the last year.

The company boasts more than 800 clients including tech giants Facebook and TikTok.

Hubilo focuses on helping organisations plan and run internal and external meetings and events, from small meetings to external conferences for thousands.

“We believe strongly that the global distributed workforce is a megatrend that will impact all of us in the future. It is clear that the way we collaborate and connect will need to be rearchitected in order for any global player to succeed,” said Abhi Arun, managing partner at Alkeon Capital, which led the funding round.

“In Hubilo, we saw a powerful technology capable of connecting the offline and online worlds, a strong CEO, and an amazing market opportunity that gave us the confidence to invest.”