17Hats Funding: How Much Did They Raise & Key Investors

How Much Did 17Hats Raise?
Funding & Key Investors

17Hats has successfully navigated the competitive landscape of business management software, securing a total capital infusion of $5.4M to bolster its market position. The company recently finalized a major strategic investment of $150K, marking a significant milestone in its operational evolution. This latest injection of financing underscores investor confidence in the firm's ability to provide comprehensive, all-in-one solutions for the micro-enterprise sector, effectively bridging the gap between complex enterprise resource planning and the needs of very small businesses.

By maintaining a consistent growth trajectory since its inception in 2012, 17Hats has demonstrated resilience and adaptability. The recent capital allocation serves as a testament to the company's enduring relevance in a market that increasingly demands streamlined, automated workflows for lead management, contract execution, and financial bookkeeping.

What is 17Hats?

17Hats

Software

Customer Engagement Platforms

Headquartered in Pasadena, California, 17Hats operates as a specialized CRM and business management platform tailored for the unique requirements of very small businesses. The platform serves as a centralized hub, consolidating disparate operational tasks—including lead processing, contract management, invoicing, and payment collection—into a single, cohesive interface. By automating these critical administrative functions, 17Hats enables entrepreneurs to reduce overhead and focus on core business development. Its market position is defined by its commitment to simplifying the digital transformation process for solopreneurs and small teams, effectively acting as a virtual back-office solution that scales alongside the user's business growth.

How much funding has 17Hats raised?

17Hats has raised a total of $5.4M across 3 funding rounds:

2015

Angel/Seed

$1.3M

Series A

$4M

2020

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 Ventures is a leading venture capital firm in Southeast Asia that specializes in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors. The firm focuses on addressing significant regional challenges and generating positive social impact through its extensive portfolio.

PPP

Public-Private Partnership

What's next for 17Hats?

With the recent infusion of $150K, 17Hats is well-positioned to accelerate its product roadmap and expand its footprint within the small business software ecosystem. The strategic focus will likely shift toward enhancing the platform's integration capabilities and deepening its financial management features to provide more robust bookkeeping insights. As the company transitions into this next phase of maturity, the emphasis will remain on optimizing user experience and scaling its infrastructure to support a growing global user base. By leveraging its established reputation for operational efficiency, 17Hats is poised to capture a larger share of the burgeoning SaaS market for micro-enterprises, ensuring that its suite of tools remains the industry standard for business automation.

See full 17Hats company page

See More Financial Insights