Hubilo Raises $125 Million to Reimagine Human Connections at Your Events

October 12, 2021

Over the last year, we have seen how virtual events are evolving to become not just a short-term replacement for the traditional in-person events, but a clear impetus that seemingly overnight digitized the events industry. The future, now, will be fueled by our imagination.

Imagine attending a tradeshow with no awkward lingering or strained networking, just personalized journeys, and valuable matchmade meetings. Imagine a sales kickoff that wasn’t motivation and inspiration squeezed into a 3-day jaunt, but an evergreen team connection with more impactful training and inspiration. And imagine meeting with your favorite musician when hosting a virtual watch party from your house! Events are being reimagined!

To bring the imagination to life, we will need technology and people to work together. When it comes to the need for fast-evolving technology that meets the needs of event professionals today and years from now, Hubilo - one of the world’s leading virtual event platforms - has some exciting news.

Hubilo has just raised $125M in Series B funding, backed by new investors, Alkeon Capital, and with continued participation from previous investors Lightspeed Venture Partners, and Balderton Capital.

Vaibhav Jain, Founder & CEO at Hubilo, shared his gratitude towards the event professionals’ community and said “We will be working harder than ever to build a vision for the future of events that foster greater human connections...and that vision has been co-architected by YOU. Soon, we’ll extend these tools beyond the business world. Think about concerts, sports, and other large gatherings - the future is being reimagined!”

This new round of funding will go toward continued growth initiatives, exciting new platform innovations, and global expansion. New innovations and product releases are on the horizon. Hubilo promises to listen deeply to your needs and develop cutting-edge engaging features that give you what you need when it comes to enabling relationships that drive ROI.

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.