Salesforce Ventures took part in a round that near tripled the valuation of the virtual events platform developer to $5.65bn in just four months.

Hopin, the US-based developer of a virtual events platform, hiked its valuation to $5.65bn yesterday in a $400m series C round featuring enterprise software provider Salesforce’s corporate venturing subsidiary, Salesforce Ventures.

Venture capital firms IVP, Andreessen Horowitz and General Catalyst co-led the round, which included Coatue, DFJ Growth, Northzone and Tiger Global Management. Sriram Krishnan, general partner at Andreessen Horowitz, is joining the company’s board of directors.

Founded in June 2019, Hopin has built a software platform that enables users…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.