- Companies
- hOp
hOp Revenue, Valuation, Funding & Investors
hOp is valued at $2.1B as of August 2020.
Last hOp valuation
$2.1B
Seed · Aug 2020
Last hOp funding round
$3M
Seed · Jan 2023
hOp revenue
$20M
Seed · Aug 2020
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
Website
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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2020 | Seed | $2.1B | 106.3x |
hOp Revenue
hOp's latest recorded revenue is $20M, as of its seed round in August 2020.
hOp revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2020 | $20M | $2.1B | 106.3x | Seed |
* 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
| Date | Stage | Raised | Valuation | Deal Summary |
|---|---|---|---|---|
| Jan 2023 | Seed | $3M | - | - |
| Aug 2020 | Seed | $5M | $2.1B | Hopin 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. |
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Start Free TrialhOp Competitors
hOp competitors include listed companies like Pinterest, Ziff Davis and People, and private ones like Whop, Trax and Uzum.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $142M | - | $1.6B | 11.3x | ||
| Publicly listed | $4.2B | $361M | $10B | 2.2x | ||
| Publicly listed | $1.5B | $335M | $2B | 1.0x | ||
| Private | - | - | $2B | - | ||
| Private | $691M | - | $2.4B | 3.5x | ||
| Publicly listed | $2.4B | $122M | $2.8B | 1.6x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $310M | 2.1x | 2.1x | 7.2x | 8.1x | |||
| $1.5B | $335M | 0.9x | 1.0x | 3.8x | 3.3x | |||
| $515M | $157M | 3.3x | 2.6x | 10.8x | 9.3x | |||
| $887M | $87M | 2.2x | - | 22.2x | - | |||
| $4M | ($723M) | 673.6x | - | (3.4x) | - | |||
| $760M | ($19M) | 2.3x | 2.1x | (89.6x) | 24.8x | |||
| $162M | ($26M) | 14.4x | 12.3x | (90.6x) | (72.0x) | |||
| $1B | $154M | 1.3x | 1.1x | 8.6x | 6.0x | |||
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
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