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Top related persons:
Johnny Boufarhat - 2 Boufarhat - 2 Andreessen Horowitz - 2 Hopin - 2 Badri Rajasekar - 2 Catalyst - 1 Slack - 1 Johnny " - 1
Top related locs:
Hopin London Australia Lebanese US Dubai Papua New Guinea Switzerland
Top related orgs:
Financial Times - 2 Tiger - 1 UPS - 1 RingCentral - 1 University of Manchester - 1 Venture - 1 Founders - 1 Microsoft - 1

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2 mentions found


☆ How $7.75 billion Hopin went from pandemic darling to selling off its flagship business for $50 million and handing back some investor cash
  + stars: | 2023-08-10 | by ( Callum Burroughs | Tasmin Lockwood | Michael Cogley | ) www.businessinsider.com   time to read: +10 min
Virtual-events startup Hopin was a pandemic winner when it hit a $7.8 billion valuation in 2021. Now its CEO is stepping down, it's selling off parts of its business, and is set to hand back investor cash. But as vaccinations arrived and the travel restrictions eased, demand for Hopin's platform waned. "The pandemic was an extraordinary time to be investing," one London-based tech investor who had not backed Hopin said. Armed with more than $1 billion in investor cash, Boufarhat opted to make acquisitions.
Persons: Johnny Boufarhat, Boufarhat, Andreessen Horowitz, Catalyst, Slack, Hopin, Johnny ", Hopin Boufarhat, outsized, Streamyard, Badri Rajasekar, Klarna Organizations: Tiger, UPS, RingCentral, University of Manchester, Financial Times, Venture, Founders, Microsoft, Private Locations: London, Australia, Lebanese, US, Dubai, Papua New Guinea, Switzerland, Hopin
☆ Hopin, last valued at $7.8 billion, has sold its flagship virtual events business with founder set to step down as CEO
  + stars: | 2023-08-02 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
Hopin, last valued at $7.8 billion, said on Wednesday it has sold its virtual events business. Hopin founder Johnny Boufarhat is also set to depart his role as CEO next month. Hopin, one of Europe's fastest-growing startups in history, has sold its main events business for an undisclosed fee, the company announced on Wednesday. But a slowdown in demand for virtual events as the world reopened mixed with a broader downturn in tech has hobbled the company's growth. Now, Hopin said it has sold its main events business – Events and Sessions – to RingCentral, a publically-listed cloud communications provider.
Persons: Hopin, RingCentral, Johnny Boufarhat, Andreessen Horowitz, Badri Rajasekar, Boufarhat, StreamYard Organizations: Tiger Global, Catalyst, Financial Times, Sunday Times Locations: Hopin
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