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Virtual events platform nabbed $40 million for its Series A, at a time when virtual events are needed more than ever.

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led the round, which included participation from new investor and existing investors , , and .

Hopin, which is based in London, lets users attend virtual events–pretty much the only way for large gatherings to happen in the age of COVID-19. Users for virtual conferences can watch keynote sessions, attend networking events, or join breakout sessions. The company wants to create the same benefits of an in-person event without the expenses and extra logistical hassles like travel.

“The global vision for Hopin is to be the best online venue for any event,”聽 CEO said in a statement. “We are building a solution to what has been missing for so long: a platform people can use to build online events that match the dynamism of an interactive, in-person experience.鈥�

Hopin is among a growing number of online-event companies, including , and . Avatar-based virtual event platform Teooh announced funding from and today, bringing its total seed funding to $4.5 million. Hopin, founded in 2019, last raised $6.5 million in seed funding.

We wrote about Hopin back in early March, when large events around the world were being canceled left and right as COVID-19 fears mounted. The startup, which had come out of stealth just weeks before, was seeing a growing number of interested parties lining up on the waitlist (at the time of our previous story, there were 18,000 organizers on that list).

Now, the company has more than 50,000 customers on the waitlist with more than 1,000 joining every day, according to a statement from the company. It鈥檚 scaled to nearly 1 million users who have attended events hosted by more than 16,000 organizations, including the , and Adobe.

Disclosure: Salesforce Ventures, an investor in Hopin, is also an investor in Crunchbase, the parent company of Crunchbase News. Crunchbase鈥檚 investors are listed as part of its . For more about Crunchbase News鈥� editorial policies on disclosure, see the News team鈥檚 About page.

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