What is Hico Distributing?
Hico Distributing, established in 1987 and based in Memphis, operates as a key supplier of professional-grade latex and foil balloons. The company serves a diverse clientele including event decorators, party planners, and DIY enthusiasts, offering a comprehensive catalog from leading brands such as Sempertex, Qualatex, Prima, and Funsational. Beyond balloons, Hico provides essential accessories and helium tank rentals, complemented by a commitment to same-day shipping and expert customer support. Their specialized marketing products also cater to sectors like car dealerships, enhancing promotional visibility.
How much funding has Hico Distributing raised?
Hico Distributing has raised a total of $54K across 1 funding round:
Debt
$54K
Debt (2021): $54K with participation from PPP
What's next for Hico Distributing?
With the recent infusion of substantial expansion capital, Hico Distributing is strategically positioned to enhance its product offerings and logistical infrastructure. The significant Series B/C stage funding suggests a focus on scaling operations, potentially through increased inventory, broader distribution networks, or technological advancements in order fulfillment and customer engagement. This investment is expected to solidify Hico's competitive edge in the dynamic event supply industry, enabling them to meet growing market demands and explore new avenues for growth.
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