Hubilo, which helps businesses host virtual and hybrid events with real-time analytics, raises a $125M Series B, following a $23.5M Series A in February
Context & Ripple Effects
Hubilo is scaling its fundraising almost as fast as its category: eight months after a $23.5M Series A led by Lightspeed in February, it has closed a $125M Series B for its virtual- and hybrid-event platform with real-time analytics. That puts it in the same capital league as Bizzabo, which raised a $138M Series E led by Insight Partners last December.
The round lands mid-race: Hopin took a $40M Series A in mid-2020, Bevy raised $40M at a $325M valuation in March, and adjacent players Welcome ($12M) and networking specialist Grip ($13M) have all raised since late 2020. Capital is being deployed across every layer of the event stack — hosting, enterprise staging, attendee networking — while in-person events remain constrained.
First-order effects
- Hubilo gains a war chest several times its February raise, letting it compete on product breadth against Bizzabo's $138M-backed platform rather than ceding the enterprise tier.
Second-order effects
- Bevy, Welcome, and Grip now face a better-funded rival in Hubilo and must either raise again quickly or sharpen their wedge — Grip's networking focus and Bevy's enterprise staging become differentiation plays rather than full-platform ambitions.
Third-order effects
- If the pattern holds, virtual-event software consolidates around a handful of heavily capitalized platforms, with funding size becoming the barrier that separates full-stack hosts from point-solution vendors once in-person events return.
The trend: Venture capital is racing to anoint category leaders in virtual and hybrid event platforms, with round sizes escalating from tens of millions to nine figures within roughly a year.