i dont care about "valuation" but where did the $1B go? expenses? salaries? CEO getting a fat bonus?
stuff like this is surreal to be honest. I'd like to set up a unicorn like this, raise a bunch of money, take half and split. i wouldn't care what happens to the "company", neither do these people apparently.
• Founded in June 2019 by Johnny Boufarhat
• Raises an undisclosed amount in Pre Seed Round in October 2019
• Releases beta version of virtual events platform in February 2020
• Raises $6.5 million in February 2020 in Seed Round in February 2020
• (Covid pandemic lockdowns start in March 2020)
• Raises $40 million in a Series A in June 2020
• Raises $125 million in a Series B in November 2020
• Acquires Topi (mobile app) in December 2020
• Acquires StreamYard for $250 million in January 2021
• Recognized as Europe’s fastest-growing startup of all time
• Raises $400 million in a Series C at a valuation of $5.65 billion in March 2021
• Acquires Streamable and Jamm in March 2021
• Acquires Boomset (on-site event technology) in June 2021
• Founder sells $140 million worth of secondary shares in June 2021
• Acquires Attendify (mobile app) in July 2021
• Raises $450 million in a Series D at a valuation of $7.75 billion in August 2021
• Lays off 12% of its workforce in February 2022
• Lays off 29% of its workforce in July 2022
• Splits product offerings and launches Session product in November 2022
• Events platform and Session product assets sold for $15 to $50 million to RingCentral in August 2023
stuff like this is surreal to be honest. I'd like to set up a unicorn like this, raise a bunch of money, take half and split. i wouldn't care what happens to the "company", neither do these people apparently.