[Travel News]: Hopin raises $125 million at $2.1 billion valuation as virtual events become the norm aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.

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More recent figures predict the virtual events industry alone will grow from USD 78 billion to nearly USD 780 billion over the next decade.

Hopin, a fledgling U.K. startup that is gaining ground in the burgeoning virtual events space, has raised USD 125 million in a series B round led by IVP and Tiger Global. This raise values the 17-month-old company at a staggering USD 2.1 billion.

It has been a whirlwind year for Hopin, which arrived in 2019 shortly before the pandemic struck. With social distancing and remote work becoming the norm for millions of people, businesses canceled their big-budget brick-and-mortar events in droves, embracing livestreams and similar virtual alternatives.

Hopin’s gargantuan raise, which follows a USD 6.5 million seed round in February and its USD 40 million series A just five months ago, validates some impressive metrics. The company has grown from eight employees, 5,000 registered users, and 1,800 client organizations eight months ago to 200 employees, 3.5 million users, and 50,000 organizations today. And it plans to make a further 150 hires by the end of the year.

These numbers would be eye-watering at the best of times, but they are particularly noteworthy during a pandemic that has grounded businesses around the world. And before naysayers point to yesterday’s otherwise positive vaccine news that sent Zoom and similar “work-at-home” tech stocks tumbling, Hopin has always planned for a world in which offline and online events coexist — after all, the company was created before the arrival of COVID-19.

“Events will never go back to the way they were — hybrid is the future, and our investment in innovation and in our products will be toward moving the world to hybrid events,” founder and CEO Johnny Boufarhat told VentureBeat.

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