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Hubilo raising $125 million from U.S. hedge fund, existing investors By Reuters

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© Reuters

SINGAPORE (Reuters) – Hybrid occasions platform firm Hubilo mentioned it’s elevating $125 million in a non-public funding spherical, backed by new investor U.S.-based hedge fund Alkeon Capital and present traders Lightspeed Enterprise Companions and Balderton Capital.

Since Hubilo began out as an occasions tech agency in India in 2015, its co-founders Vaibhav Jain and Mayank Agarwal have steered the corporate’s aggressive progress in digital occasions after bodily occasions had been scrapped because of the COVID-19 pandemic and Hubilo’s income dwindled.

Co-headquartered in San Francisco and Bengaluru, the corporate which has labored with greater than 800 shoppers, mentioned it plans to greater than double its 300-strong headcount. Earlier than the Sequence B funding, Hubilo had raised simply $28 million since October 2020.

 

 

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