ast-growing global virtual events platform Hubilo recently announced a new £ 92m ($ 125.35m ) Series B funding round , led by Alkeon Capital and including Lightspeed Venture Partners and Balderton Capital . This investment brings the total of PE funding put into Hubilo in less than 18 months to £ 113m , testimony to the attractiveness of the event technology sector .

Hubilo believes the new funding will supercharge its continued international growth by allowing the company to develop new business functions , advance innovation of its platform , and strengthen its engineering and design teams in India , and go-to-market teams in the US , UK , EMEA , and APAC .

“ The potential ahead of us with this investment is massive ,” says Hubilo CEO Vaibhav Jain , adding that , “ what we ’ ve learned over the last six years is that an intuitive platform is just table stakes ”.

Hubilo was founded in 2015 and when the pandemic hit in 2020 , the company moved quickly to rework its technology in 26 days to produce the first version of the Hubilo event platform . Now the company works with some of the globe ’ s largest brands such as Blackboard , Walmart , United Nations , Roche Pharma and Maersk Shipping .

To date , Hubilo has supported over 10,000 events across more than 100 countries and one of the key investors , Lightspeed Venture Partners ’ Guru Chahal , says he expects Hubilo to be a market leader in the event tech space

within a few short years .

I asked Hubilo CEO Vaibhav Jain about the latest investment boost for the company and what the future now holds .

“ Alkeon had a very strong thesis about this space and were already working in the background assessing Hubilo and its customers ,” Jain explains . “ They knew we had a very strong product .”

The Hubilo head count is around 350 with vacancies for around 200 more , says Jain , and the hiring is not just in India where the software development and research activity is based . There are many sales and marketing roles opening up in Europe and the United States , where there is also a small but growing product team .

Balderton Capital ’ s main reason to get involved in Hubilo was to open a talent play in the UK , Jain explains , and says the company has big plans

Above : An intuitive platform is now just ‘ table stakes ’, says Hubilo

Below : Staff headcount is set to grow 150 % in quick time

for the European region , where the first hires have been recently made in Germany . New people are coming on board in The Netherlands and in Barcelona , areas seeing high corporate virtual event activity .

The Hubilo reach is also gathering pace in the APAC region where a collaboration with Constellar Venues in Singapore has been launched . “ We want to empower our partners and give them superpowers so that they could serve clients better . Singex ( now Constellar ) became a close partner to Hubilo . We gave them a sneak peek with our product roadmap and have been using Singapore as a test ground for products ,” says Jain .

“ For their part , they want to be at the forefront of innovation in this space . Venues also want to move ahead with tech ,” he continues .

A strong partner in Germany for Hubilo is Hirebox , although Jain is keen to point out that 40 % of the company ’ s clients are in the US . “ It is our big home base ,” he emphasises , “ but we are growing across all regions .”

The new product vision , Jain says , “ encompasses not just event managers and what they want , but the entire marketing team . All the marketing team can use our products .

“ We are also placing additional focus on pre- and post-event as well as