Online events startup Hopin is in talks to raise an estimated $40 million in fresh funding led by Institutional Venture Partners , according to two market sources with knowledge of the deal.
The two sources suggested that Hopin could be worth as much as $350 million pre-money, a high valuation for a company only established in June 2019 and which has yet to publish its first financials. Negotiations are ongoing and no figures or terms are final., and as venture capital investors scramble to back startups that could capitalize on the new post-pandemic reality.Hopin, headquartered in London, allows users to host events and conferences online.
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