What is 17Hats?
Founded in 2012 and headquartered in Pasadena, California, 17Hats offers a comprehensive software solution designed for very small businesses. Its platform consolidates critical tasks including lead processing, contract management, invoicing, bookkeeping, and payment processing within a single CRM system. This integrated approach aims to enhance operational efficiency and reduce administrative burdens for entrepreneurs and small business owners, enabling them to focus more on core business activities.
How much funding has 17Hats raised?
17Hats has raised a total of $5.4M across 3 funding rounds:
Angel/Seed
$1.3M
Series A
$4M
Debt
$150K
Angel/Seed (2015): $1.3M with participation from Wavemaker Partners
Series A (2015): $4M led by Wavemaker Partners
Debt (2020): $150K supported by PPP
Key Investors in 17Hats
Wavemaker Partners
Wavemaker Partners is a venture capital firm specializing in early-stage investments across Enterprise, Deep Tech, and Sustainability. They have a significant track record, having invested in over 200 companies and achieving notable exits.
PPP
Public-Private Partnership
Wavemaker Partners
Wavemaker Partners is a venture capital firm specializing in early-stage investments across Enterprise, Deep Tech, and Sustainability. They have a significant track record, having invested in over 200 companies and achieving notable exits.
What's next for 17Hats?
The recent major strategic investment signals a new phase of expansion for 17Hats. This capital is likely to fuel further development of its software capabilities, enhance its market reach, and potentially explore new service offerings. The company's focus on providing an all-in-one solution for small business management positions it well to capitalize on the growing demand for efficient, integrated business tools. Future growth may involve deepening its feature set, expanding its user base, and solidifying its position as a leader in the small business CRM software sector.
See full 17Hats company page
