What is Hourly?
Founded in 2019 and headquartered in Palo Alto, California, Hourly, Inc. offers a comprehensive platform designed to streamline time tracking and payroll operations for businesses. The company's solution aims to simplify complex HR processes, providing efficiency and accuracy for its clientele. The recent major strategic investment signals strong market confidence in Hourly's business model and its potential for further expansion within the HR technology sector.
How much funding has Hourly raised?
Hourly has raised a total of $7.2M across 1 funding round:
Angel/Seed
$7.2M
Angel/Seed (2019): $7.2M with participation from Francoise Brougher, Inovia Capital, Haim Sadger, SVP, Aya Peterburg, Amir Faintuch, and J-Angels
Key Investors in Hourly
Francoise Brougher
An individual investor, likely with expertise in early-stage technology ventures.
Inovia Capital
Inovia Capital is a venture capital firm known for investing in high-growth technology companies, often focusing on software and enterprise solutions.
Haim Sadger
An individual investor, potentially with a background in finance or technology startups.
What's next for Hourly?
With a substantial enterprise-level funding context, Hourly is poised for significant growth and operational scaling. The strategic investment likely provides the necessary capital to enhance its platform, expand its market reach, and potentially develop new features to address evolving payroll and time management needs. This infusion of capital is expected to accelerate its competitive positioning against established players in the HR tech industry.
See full Hourly company page
