What is Hourly?
Founded in 2019 and headquartered in Palo Alto, California, Hourly, Inc. operates a sophisticated platform designed to streamline time tracking and payroll processing. The company addresses the critical pain points of workforce management by integrating real-time data analytics with automated compliance features. By digitizing the intersection of human resources and financial operations, Hourly provides a robust solution for businesses seeking to optimize labor costs and improve administrative efficiency. Its market position is defined by a commitment to reducing the friction inherent in legacy payroll systems, thereby enabling organizations to focus on core growth objectives.
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 Aya Peterburg, Amir Faintuch, Francoise Brougher, Inovia Capital, Haim Sadger, J-Angels, and SVP
Key Investors in Hourly
Inovia Capital
A venture capital firm specializing in early-stage and growth-stage technology investments with a focus on building global companies.
Aya Peterburg
An experienced angel investor and strategic advisor known for supporting high-growth technology startups in the Silicon Valley ecosystem.
Francoise Brougher
A prominent technology executive and investor with deep expertise in scaling operations and driving digital transformation for enterprise platforms.
What's next for Hourly?
Looking ahead, the infusion of capital will likely be directed toward product development and the expansion of the company's enterprise-grade feature set. As Hourly transitions from its initial development phase into a period of aggressive scaling, the focus will shift toward capturing a larger share of the mid-market and enterprise segments. Strategic priorities include enhancing the platform's interoperability with existing ERP systems and deepening its automated tax and compliance engines. This growth trajectory suggests that Hourly is preparing to solidify its footprint as a critical utility in the modern digital workplace, potentially setting the stage for future institutional financing rounds as it matures.
See full Hourly company page
