About Hemper
Hemper is a company based in New York (United States) founded in 2015.. Hemper has raised $11 million across 2 funding rounds from investors including Poseidon Asset Management and Evolution VC Partners. Hemper operates in a competitive market with competitors including Daily High Club, Hippie Butler, Ganja Boxes, E Juice Pack and Club Lifted, among others.
- Headquarter New York, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Dec 11, 2018
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Investors
Poseidon Asset Management
& 1 more
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Employee Count
Employee Count
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Funding Insights of Hemper
Hemper has successfully raised a total of $11M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(20 Jul 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Series A - Hemper | Valuation | Poseidon Asset Management | |
| Jul, 2018 | Amount | Seed - Hemper | Valuation | Evolution VC Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hemper
Hemper has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Poseidon Asset Management and Evolution VC Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management services are provided in the cannabis sector.
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Founded Year | Domain | Location | |
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Investments in tech startups are made by Evolution VC Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hemper
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hemper
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hemper Comparisons
Competitors of Hemper
Hemper operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Daily High Club, Hippie Butler, Ganja Boxes, E Juice Pack and Club Lifted, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscription boxes featuring smoking accessories are provided online.
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| domain | founded_year | HQ Location |
Operates an online subscription platform for vaping products.
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| domain | founded_year | HQ Location |
Provides accessories to enhance cannabis experiences.
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| domain | founded_year | HQ Location |
Delivers a monthly subscription service for e-juice products.
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| domain | founded_year | HQ Location |
Online platform offering weightlifting guides, accessories info, and safety advice.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hemper
Frequently Asked Questions about Hemper
When was Hemper founded?
Hemper was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Hemper located?
Hemper is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Hemper a funded company?
Hemper is a funded company, having raised a total of $11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jul 20, 2018.
What does Hemper do?
Hemper was founded in 2015 in New York, United States, and operates as an online subscription platform in the vaping and smoking accessories sector. A range of products is offered, including CBD items, bongs, dab rigs, dab tools, glass pipes, vaporizers, grinders, rolling trays, and vape pens. Subscriptions are managed digitally, with deliveries handled from the U.S. base to support user access to these accessories.
Who are the top competitors of Hemper?
Hemper's top competitors include Daily High Club, Hippie Butler and Ganja Boxes.
Who are Hemper's investors?
Hemper has 2 investors. Key investors include Poseidon Asset Management, and Evolution VC Partners.