Hopin

Hopin is a comprehensive suite of audience engagement tools designed to connect people, build communities, and empower businesses. Within its suite of products are StreamYard (acquired in December 2020), which facilitates the creation of professional live streams and podcasts; Streamable ( acquired in March 2021), designed for video hosting and sharing; and Superwave, a beta version of a community engagement platform. The platform had amassed over 3.6 million video creators, as of March 2021.

Following a period of acquisition-driven growth, Hopin laid off 138 employees (12% of employees) in February 2022 and 242 (29%) more in July 2022 due to adverse macroeconomic conditions. The majority of these layoffs stemmed from employees who primarily supported its events business, which was considered the core of its operations and was seen as a response to the company's overestimation of post-pandemic market demand. Then, in August 2023, the company announced the sale of its Events and Session business units to RingCentral for an undisclosed sum. Events encompassed Hopin’s event management platform for virtual and hybrid events, while Session offered tools for interactive engagement during events. The decision to sell was driven by the resumption of in-person events and heightened competition, reflecting a broader shift in the industry.

Funding and financials

In August 2021, Hopin raised USD 450 million in a Series D funding round co-led by Arena Holdings and Altimeter Capital, bringing its post-money valuation to USD 7.75 billion. The fresh funds were expected to have been funneled toward platform development, which includes the introduction of new product suites related to collaboration and digital marketing, and to scale the platform by accelerating growth.