hOp Revenue, Valuation, Funding & Investors

hOp is valued at $2.1B as of August 2020.

See full hOp profile

Last hOp valuation

$2.1B

Seed · Aug 2020

Last hOp funding round

$3M

Seed · Jan 2023

hOp revenue

$20M

Seed · Aug 2020

hOp Overview

About hOp

hOp is a hyper-local community platform headquartered in Austin, Texas, founded in 2015, enabling neighbors to build customized online groups. Its app fosters communication for local events, marketplace sales, and neighborhood alerts, achieving five times the engagement of traditional social media in targeted areas.


Founded

2015

HQ

United StatesAustin, TX

Website

hop.life

Status

Privately held

Customer focus

B2C

Revenue model

Advertising

Revenue

$20M (Aug 2020)

Valuation

$2.1B (Aug 2020)

hOp Valuation

hOp is currently valued at $2.1B, based on its seed round in August 2020.

hOp valuation by funding round

hOp valuation by funding round
DateStageValuationRevenue Multiple
Aug 2020Seed$2.1B106.3x

hOp Revenue

hOp's latest recorded revenue is $20M, as of its seed round in August 2020.

hOp revenue by funding round

hOp revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2020$20M$2.1B106.3xSeed

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

hOp Funding History

hOp has raised a total of $8M across 2 funding rounds.

hOp's first fundraising round was a $5M seed round in August 2020. The most recent completed round was a $3M seed round in January 2023.

hOp funding rounds

hOp funding rounds
DateStageRaisedValuationDeal Summary
Jan 2023Seed$3M--
Aug 2020Seed$5M$2.1BHopin is a virtual events platform and video-focused software service that enables conferences and live events to move online. Founded in 2019, it serves customers including the United Nations, Slack, and Twitch, bringing thousands of new organizations onboard daily. The company experienced rapid growth during the COVID-19 pandemic as event organizers shifted to digital formats. In November 2020, Hopin raised $125 million led by Tiger Global and Coatue at a post-money valuation of $2.125 billion, equivalent to over 106x its then-current $20 million ARR. This marked a significant jump from its prior $40 million Series A in June 2020 at $350 million valuation led by IVP. The funding supported product development amid scorching revenue growth. Hopin continued aggressive fundraising, raising $400 million in March 2021 at $5.65 billion valuation co-led by Andreessen Horowitz and General Catalyst, with ARR reaching $70 million. By August 2021, it secured $450 million Series D at $7.75 billion valuation co-led by Arena Holdings and Altimeter Capital, totaling over $1 billion raised in 12 months.

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

hOp Competitors

hOp competitors include listed companies like Pinterest, Ziff Davis and People, and private ones like Whop, Trax and Uzum.

Public and private companies comparable to hOp
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WhopUnited StatesNew York City, NYPrivate$142M-$1.6B11.3x
PinterestUnited StatesUnited StatesPublicly listed$4.2B$361M$10B2.2x
Ziff DavisUnited StatesUnited StatesPublicly listed$1.5B$335M$2B1.0x
TraxUnited KingdomLondonPrivate--$2B-
UzumUzbekistanTashkentPrivate$691M-$2.4B3.5x
PeopleUnited StatesUnited StatesPublicly listed$2.4B$122M$2.8B1.6x

hOp Public Comps

hOp is still privately-owned, but its public comps include TX Group, Ziff Davis, Visional, Lime, Trump Media & Technology Group, ACV Auctions, Urban Company, Newborn Town, GO and mixi.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TX Group$1.1B$310M2.1x2.1x7.2x8.1x
Ziff Davis$1.5B$335M0.9x1.0x3.8x3.3x
Visional$515M$157M3.3x2.6x10.8x9.3x
Lime$887M$87M2.2x-22.2x-
Trump Media & Technology Group$4M($723M)673.6x-(3.4x)-
ACV Auctions$760M($19M)2.3x2.1x(89.6x)24.8x
Urban Company$162M($26M)14.4x12.3x(90.6x)(72.0x)
Newborn Town$1B$154M1.3x1.1x8.6x6.0x

This data is available for Pro users. Sign up to see all hOp competitors and their valuation data.

Start Free Trial

Common questions about hOp

When was hOp founded?hOp was founded in 2015.
Where is hOp headquartered?hOp is headquartered in Austin, TX, United States.
Is hOp publicly listed?No, hOp is a private company.
What is hOp's valuation?hOp was last valued at $2.1B in its seed round in August 2020.
How much funding has hOp raised?hOp has raised $8M across 2 funding rounds.
What was hOp's last funding round?hOp's last funding round was a $3M seed round in January 2023.
What is hOp's revenue?hOp's latest recorded revenue is $20M (August 2020).
Which companies are comparable to hOp?Companies comparable to hOp include Whop, Pinterest, Ziff Davis, Trax, Uzum and People.

See companies similar to hOp

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial