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Hopin

Virtual events SaaSUK
New to Unitard
🤝 Acquired
Peak $7.75 BillionToday
~-99.8%
from peak
  1. 🦄
    Became a unicorn
    Nov 2020
  2. 📈
    Peak valuation
    $7.75 Billion ’21
  3. 💔
    Became a Unitard
    Aug 2023
  4. 💸
    Last valuation
    ~$77.5M
Current status
Core sold to RingCentral $15M upfront (up to $50M) Aug 2023; residual liquidated 2024

The rise & fall

8 moments · 2019–2024

The key moments, with employee sentiment along the way.

2019
Founded in London
Johnny Boufarhat's virtual-events platform launches months before the world locks down.
TechCrunch
Nov 2020
Unicorn 17 months after founding$2.1B
A $125M Series B values it at $2.1B as every conference goes virtual.
TechCrunch
Aug 2021
The peak: $7.75B$7.75B
One of the fastest valuation run-ups in startup history — four rounds in 18 months.
TechCrunch
2021
The founder takes ~$195M off the table
Secondary sales disclosed later in RingCentral's SEC filing.
SEC filing
2022
Events go back to being events
In-person returns and demand evaporates; two layoff rounds cut deep.
TechCrunch
From the inside · Glassdoor reviews, 2022–23
Glassdoor reviews describe a company that over-hired on pandemic hype then reversed hard — repeated layoff rounds within a single year, new hires arriving days before cuts — and many reviewers called their equity worthless.
Aug 2023
Core assets to RingCentral — $15M upfront$15M
Events and Session products sold for up to $50M total; a ~99.8% collapse from peak.
SEC filing
2024
The rest winds down
TechCrunch

💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.

How it happened

Hopin was a UK virtual-events platform that soared during the pandemic to a peak valuation around $7.75B in 2021. As in-person events returned, demand evaporated; its core assets were sold to RingCentral in August 2023 for just $15M upfront, and remaining operations were wound down in 2024 — a roughly 99.8% collapse.

Source: RingCentral SEC filing; founder took ~$195M secondary

Founder

  • Johnny Boufarhat
    founder & CEO
    Now Founder at StealthLinkedIn ↗

Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.

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