Hopin announced raising $400 million in a funding round led by Andreessen Horowitz and General Catalyst.

Hopin, a London, UK-based buisiness based on a virtual events platform, announced closing a $400 million capital funding round.

The money was raised from a range of investors led by Andreessen Horowitz and General Catalyst. Existing investors IVP, Coatue, DFJ Growth, Northzone, Salesforce Ventures and Tiger Global also contributed to the round.

Sriram Krishnan from Andreessen Horowitz will also join Hopin's board of directors.

Proceeds will be used to accelerate growth, including scaling its operations, team and platform to meet the demands of its expanding customer base and support its multi-product business.

Hopin, founded in June 2019 by CEO Johnny Boufarhat, developed a SAAS event platform helping other companies organize all-in-one live video experiences. The company works with customers including Poshmark, American Express, Hewlett Packard, The Financial Times, and YMCA.

Hopin previously raised a total of $170 million, with a $125 million round announced 5 months prior to this one.