Hubilo, an industry-leading provider of virtual and hybrid events technologies, has announced it has raised US$125 million in Series B funding from a consortium led by Alkeon Capital.
The announcement comes just months after Hubilo established a strong client base in Dubai in response to growing demand from UAE organisations for its innovative virtual and hybrid events platform. Since its launch, the company has seen its regional customer base more than double. Hubilo is currently working to further its investment in the UAE by establishing a dedicated sales and support team in the country, delivering content and support in Arabic, and partnering with UAE-based event management and AV production companies; to further tap into enterprises and events organised by the government.
Hubilo, which is fast becoming a disrupter in the hybrid events and engagement segment, was additionally supported in its Series B round by Lightspeed Venture Partners and Balderton Capital, bringing the company’s funding total to US$153 million in just 18 months. The investment by Alkeon, Lightspeed and Balderton is one of the largest in the event-technology category and is a strong indicator of the shifting landscape in a subsector that empowers people to connect, engage, share experiences and create opportunities.
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