About Hofy
Hofy is a company based in London (United Kingdom) founded in 2020 was acquired by Deel in July 2024.. Hofy has raised $17.57 million across 2 funding rounds from investors including Deel, Stride.vc and Kindred. The company has 5 employees as of January 31, 2021. Hofy offers products and services including Onboarding & Device Procurement, Asset Tracking & Lifecycle Management, and Offboarding & Device Retrievals. Hofy operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter London, United Kingdom
- Employees 5 as on 31 Jan, 2021
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Sectors
Technology
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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 Hofy Ltd
- Date of Incorporation 10 Mar, 2020
- Jurisdiction LONDON, UNITED KINGDOM
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Products & Services of Hofy
Hofy offers a comprehensive portfolio of products and services, including Onboarding & Device Procurement, Asset Tracking & Lifecycle Management, and Offboarding & Device Retrievals. 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.
Platform for supplying devices globally in under 10 days.
Tool to remotely monitor and manage team devices worldwide.
System for securely retrieving and reusing devices globally.
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Funding Insights of Hofy
Hofy has successfully raised a total of $17.57M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15.2 million completed in October 2021. 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 B — $15.2M
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First Round
First Round
(25 Aug 2020)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2021 | Amount | Series B - Hofy | Valuation | Stride.vc , Kindred Capital | |
| Aug, 2020 | Amount | Seed - Hofy | Valuation |
investors |
| 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 |
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Investors in Hofy
Hofy has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Deel, Stride.vc and Kindred. 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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Investments in seed stage startups are made by Stride.vc.
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Founded Year | Domain | Location | |
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Venture capital funding is offered to pre-seed and seed startups.
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Founded Year | Domain | Location | |
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Seed-stage technology startups are invested in by TrueSight Ventures.
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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 Hofy
| 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 - Hofy
| 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 |
Hofy Comparisons
Competitors of Hofy
Hofy 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 UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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IT and digital transformation services are delivered to various industries.
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Hofy
Frequently Asked Questions about Hofy
When was Hofy founded?
Hofy was founded in 2020.
Where is Hofy located?
Hofy is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Hofy a funded company?
Hofy is a funded company, having raised a total of $17.57M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.37M, raised on Aug 25, 2020.
How many employees does Hofy have?
As of Jan 31, 2021, the latest employee count at Hofy is 5.
What does Hofy do?
Hofy was founded in 2020 and is based in London, United Kingdom. IT support services are delivered by the company to streamline technology operations for organizations. Focus is placed on efficient device management and remote assistance within the technology services sector. Operations are centered in the UK, with services tailored to support hybrid work environments and IT infrastructure needs across various industries.
Who are the top competitors of Hofy?
Hofy's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does Hofy offer?
Hofy offers Onboarding & Device Procurement, Asset Tracking & Lifecycle Management, and Offboarding & Device Retrievals.
Who are Hofy's investors?
Hofy has 17 investors. Key investors include Deel, Stride.vc, Kindred, ActivumSG, and TrueSight Ventures.