About HIFI
HIFI is a company based in New York (United States) founded in 2003 by Damian Manning was acquired by Block in October 2023.. HIFI has completed 1 acquisition, including The Music Fund. HIFI offers products and services including Financial Products and Economic Empowerment Services.
- Headquarter New York, United States
- Founders Damian Manning
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Email
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Phone
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Website
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Social
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- Legal Name Hifi, Inc.
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Products & Services of HIFI
HIFI offers a comprehensive portfolio of products and services, including Financial Products and Economic Empowerment Services. 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.
Innovative financial tools are offered to artists to achieve transparency and independence in their financial dealings
Services are provided to support artists' careers through financial technologies and ecosystems
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Funding Insights of HIFI
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(29 Oct 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Seed - HIFI | Valuation | Capitolmusicgroup , Red Light Management | |
| Oct, 2015 | Amount | Debt – Conventional - HIFI | Valuation |
investors |
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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 HIFI
HIFI has secured backing from 8 investors, including institutional investors. Prominent investors backing the company include Block, Wasserman and 88Rising. 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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Capitol Music Group is focused on signing and developing artists.
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Founded Year | Domain | Location | |
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Provider of artist management services
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Founded Year | Domain | Location | |
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Digital marketing, branding, and SMM services are offered.
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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 HIFI
HIFI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include The Music Fund. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Crowdfunding platform for individuals artists
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HIFI
| 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 |
Hifi Comparisons
Competitors of HIFI
| 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 HIFI
When was HIFI founded?
HIFI was founded in 2003 and raised its 1st funding round 12 years after it was founded.
Where is HIFI located?
HIFI is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of HIFI?
Damian Manning is the current CEO of HIFI. They have also founded this company.
What does HIFI do?
HIFI was established in 2003 in New York, United States, with a focus on the music industry. Financial support is extended to artists through targeted funding programs. Operations are centered on facilitating access to capital for creative projects in music. Leadership is provided by Damian Manning as Founder and CEO, alongside William Griggs as CEO. Services are delivered primarily in the United States, supporting artist development without additional investment vehicles.
What products or services does HIFI offer?
HIFI offers Financial Products and Economic Empowerment Services.
How many acquisitions has HIFI made?
HIFI has made 1 acquisition, including The Music Fund.
Who are HIFI's investors?
HIFI has 8 investors. Key investors include Block, Wasserman, 88Rising, Red Light Management, and Capitol Music Group.
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