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Today: July 21, 2024
July 2, 2024
1 min read

HopSkip secures $3M funding to grow event booking SaaS


TLDR:

  • HopSkip, a Philadelphia startup, raises $3 million in seed funding round from Conductive Ventures.
  • Founded in 2019, the SaaS platform connects event planners with hotels and has seen significant growth.

HopSkip, a Philadelphia-based startup founded in 2019, has secured $3 million in funding from Conductive Ventures to expand its SaaS platform that connects event planners with hotels. The company, co-founded by CEO Sean Whalin, his brother Luke, and CTO Greg Leizerowicz, aims to streamline the booking process for corporate events. Despite facing challenges due to the Covid-19 pandemic, HopSkip has rebounded and now boasts over 1,000 event planners and 150,000 hotels, including big names like Marriott, Hyatt, and Hilton on its platform.

The platform, which was a runner-up on Technical.ly’s RealLIST Startups list in 2020, has reportedly surpassed a million dollars in annual recurring revenue and experienced tripled business growth in recent years. Corporate event planners pay between $1,200 and $1,800 annually for membership, while hotels can enjoy free membership or pay $4,000 a year for advanced features. Currently, event planners can submit requests for proposals, and hotels can respond with proposals directly on the platform.

Whalin plans to use the funding to expand operations into the Asia-Pacific region and grow the company’s sales and engineering teams. With 10 employees currently, HopSkip anticipates continued growth and success in the foreseeable future.


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