Hopin (company)
Software company
From Wikipedia, the free encyclopedia
Hopin was a technology company of British origin. It developed a proprietary video teleconferencing online event-hosting platform.[1] It was a fully-remote company without an office address.[2]
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| |
| Industry | Videoconferencing, VoIP, and Instant messaging |
|---|---|
| Founded | January 10, 2020 |
| Founder | Johnny Boufarhat |
| Defunct | 2024 |
| Fate | Acquired by Bending Spoons |
| Successor | |
| Website | hopin |
History
Hopin was founded in 2020 by Johnny Boufarhat. Its platform allowed meeting participants for conference attending and networking online, exchange virtual business cards, and get a summary of their connections after an event. It become increasingly popular in the wake of the COVID-19 pandemic.[3]
Hopin raised over $1 billion in funding from various investors, including Accel, IVP, Coatue Management, Northzone, Salesforce Ventures, and others.[1][4] Its peak valuation was $7.8 billion in August 2021.[5]
The company made several rounds of layoffs in 2022 as demand for online events shrank and in-person events resumed.[6]
In August 2023, following a share buyback for shareholders of over $500M+, the company sold its events unit assets—including its technology, customers and engineering and product teams—to RingCentral for $15–50 million.[7][8] Boufarat stepped down as CEO. The company continued to operate its live-streaming and video hosting products Streamyard and Streamable.[9][4][10] The company's valuation was approximately $400 million.[11]
In February 2024, Hopin moved its headquarters to the United States and closed its UK Corporate entity.[12] Hopin was acquired by Bending Spoons in April 2024.[13][14]
