Hopin goes on acquisition spree after latest funding round

Fresh off its bumper funding round, online events platform Hopin has gone shopping for some start-ups again.

The London-based company, now valued at $5.65bn less than two years after it was founded, has acquired Streamable, a video hosting platform with 5,000 paying customers, and Jamm, which had raised just a small amount of venture capital funding.

Both companies are in the video streaming space and Hopin said that the integrations of their technology will help improve Hopin’s own video capabilities. No financial terms for the acquisitions have been disclosed.

“The technology and resources from Jamm and Streamable will become foundational components to future products and the entire Hopin video experience — from production and video quality to how our customers can collaborate and distribute content,” Hopin chief executive Johnny Boufarhat said.

Armen Petrosian who founded Streamable in 2014 said he will continue to lead Streamable under the Hopin banner.

“The first priority for Streamable will be to invest in our product suite and ultimately integrate the Streamable platform into Hopin’s future suite of products,” Petrosian said.

The two deals follow the acquisitions of live streaming start-up StreamYard in January and Topi, another online events start-up, in December.

Hopin has attracted a lot of VC attention during lockdown. It raised $400m in its Series C round earlier this month, led by Andreessen Horowitz and General Catalyst. This swiftly followed its $125m Series B round last November where Tiger Global Management and Salesforce Ventures backed the company. Web Summit’s Amaranthine VC fund is also a backer.

Hopin was founded not long before the pandemic struck in 2020 and put an to end in-person events but the sudden stop in the traditional conference industry has been a boon for the start-up. According to the company, there have been more than 90,000 event organisers on its platform.

The post Hopin goes on acquisition spree after latest funding round appeared first on Silicon Republic.

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