About HEX Performance
HEX Performance is a company based in Baltimore (United States) founded in 2013 by Drew Westervelt.. HEX Performance has raised $11.55 million across 4 funding rounds from investors including Lykos Capital. HEX Performance offers products and services including Liquid Detergent, Deodorizing Spray, Detergent Packs, and Stain Remover. HEX Performance operates in a competitive market with competitors including Henkel, Wilton London, Clothes Doctor, TINCTURE and ecozone, among others.
- Headquarter Baltimore, United States
- Founders Drew Westervelt
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Sectors
Consumer
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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
$11.55 M (USD)
in 4 rounds
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Latest Funding Round
$24 K (USD), Series A
Oct 24, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of HEX Performance
HEX Performance offers a comprehensive portfolio of products and services, including Liquid Detergent, Deodorizing Spray, Detergent Packs, and Stain Remover. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cleans stains and odors from activewear while preserving fabric.
Removes smells from gear and apparel effectively.
Convenient packs for washing activewear with anti-odor technology.
Targets and eliminates tough stains on synthetic fabrics.
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Funding Insights of HEX Performance
HEX Performance has successfully raised a total of $11.55M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $24 thousand completed in October 2023. 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 4
- Last Round Series A — $24,000
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First Round
First Round
(20 Dec 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Series A - HEX Performance | Valuation |
investors |
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| Jan, 2020 | Amount | Series A - HEX Performance | Valuation | Lykos Capital |
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| Feb, 2018 | Amount | Series A - HEX Performance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 HEX Performance
HEX Performance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Lykos Capital. 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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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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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 HEX Performance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - HEX Performance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Hex Performance Comparisons
Competitors of HEX Performance
HEX Performance 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 Henkel, Wilton London, Clothes Doctor, TINCTURE and ecozone, 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 |
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| domain | founded_year | HQ Location |
Consumer goods are produced by Henkel in the global industry.
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| domain | founded_year | HQ Location |
Natural fabric care products, including detergents and conditioners, are manufactured.
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| domain | founded_year | HQ Location |
Essential oil-based laundry detergents and clothing care products are manufactured.
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| domain | founded_year | HQ Location |
Natural surface cleaning products are manufactured for various household uses.
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| domain | founded_year | HQ Location |
Manufacturer of natural baby care, home care products and electric appliances
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about HEX Performance
When was HEX Performance founded?
HEX Performance was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is HEX Performance located?
HEX Performance is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Who is the current CEO of HEX Performance?
Drew Westervelt is the current CEO of HEX Performance. They have also founded this company.
Is HEX Performance a funded company?
HEX Performance is a funded company, having raised a total of $11.55M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.65M, raised on Dec 20, 2017.
What does HEX Performance do?
HEX Performance was founded in 2013 in Baltimore, United States, by Drew Westervelt, who serves as CEO. Operations focus on the manufacturing of fabric care products within the consumer goods sector. Products are developed and produced to address fabric maintenance needs. The company is headquartered in Baltimore, with activities centered on domestic production and distribution in the United States. Leadership is provided by the founder, overseeing core manufacturing processes.
Who are the top competitors of HEX Performance?
HEX Performance's top competitors include Clothes Doctor, Wilton London and TINCTURE.
What products or services does HEX Performance offer?
HEX Performance offers Liquid Detergent, Deodorizing Spray, Detergent Packs, and Stain Remover.
Who are HEX Performance's investors?
HEX Performance has 1 investor. Key investors include Lykos Capital.