Altss Research / Venture case 06
Hopin
RingCentral acquired selected Hopin assets in July 2023, including the Events and Session products. Its subsequent SEC filing recorded $22.2 million of acquisition-date consideration.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$7.75bnGoodwin, which advised Hopin on its completed $450 million Series D, reported a $7.75 billion valuation in August 2021.
Asset sale
$22.2mEvents and Session assets acquired by RingCentral. RingCentral reported $14.7 million cash plus $7.5 million acquisition-date fair value of contingent consideration. The contingent component had a $35 million maximum tied to future performance; $22.2 million is not an all-cash price or whole-company valuation.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Series D completed
Hopin’s transaction counsel identified Arena Holdings and Altimeter Capital as the new round’s co-leads.
Selected assets transferred
RingCentral’s financial statements record completion on July 31, 2023 and acquisition-date consideration of $22.2 million.
Product scope announced
RingCentral publicly identified the Events and Session product lines, related technology, customer relationships and staff as the acquired assets.
Source documents
Publication and access dates identify the evidence used for this case.
Goodwin (Hopin transaction counsel) · Primary source · Published Aug 9, 2021 · Accessed Oct 26, 2026
RingCentral / SEC · Primary source · Published Nov 8, 2023 · Accessed Oct 26, 2026
RingCentral · Primary source · Published Aug 2, 2023 · Accessed Oct 26, 2026
Companies House · Primary source · Publication date not stated · Accessed Oct 26, 2026