About Hoop
Hoop is a company based in New York (United States) founded in 2022 by Stella Garber and Brian Schmidt. It operates as a SaaS (Software-as-a-Service), and Pay-per-Use / Usage-Based. Hoop has raised $5 million across 1 funding round from investors including Index Ventures, Origin Ventures and Divergent Capital. Hoop offers products and services including Hoop AI Email Response. Hoop operates in a competitive market with competitors including Notion, Smartsheet, Trello, Anaplan and Thoughtworks, among others.
- Headquarter New York, United States
- Founders Stella Garber, Brian Schmidt
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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 Hoop, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Seed
Jun 05, 2024
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Investors
Index Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of Hoop
Hoop offers a comprehensive portfolio of products and services, including Hoop AI Email Response. 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.
AI tool for instant business email responses provided.
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Funding Insights of Hoop
Hoop has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in June 2024. 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 1
- Last Round Seed — $5.0M
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First Round
First Round
(05 Jun 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Hoop | Valuation | Index Ventures |
| 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 Hoop
Hoop has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Index Ventures, Origin Ventures and Divergent 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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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Investment services are offered by Divergent Capital to companies.
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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 Hoop
| 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 - Hoop
| 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 |
Hoop Comparisons
Competitors of Hoop
Hoop 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 Notion, Smartsheet, Trello, Anaplan and Thoughtworks, 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.
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Projects are managed through cloud-based boards and automation tools.
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Operational planning and forecasting solutions are offered to businesses.
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Leading global technology consultancy integrating strategy, design, and software engineering to enable enterprises and technology disruptors
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Cloud-based time tracking software is offered by BigTime.
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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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Frequently Asked Questions about Hoop
When was Hoop founded?
Hoop was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Hoop located?
Hoop is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Hoop?
Stella Garber is the current CEO of Hoop. They have also founded this company.
Is Hoop a funded company?
Hoop is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Jun 05, 2024.
What does Hoop do?
Hoop is engaged in providing AI-powered email response tools designed for businesses. The solution integrates with Gmail to offer instant customer support by scanning business inboxes and responding in the users voice. It operates within the technology sector, specifically targeting customer support and communication efficiency. Hoop ensures quick setup and user control over responses, aiming to prevent lost sales due to delayed replies.
Who are the top competitors of Hoop?
Hoop's top competitors include Smartsheet, Trello and BigTime.
What products or services does Hoop offer?
Hoop offers Hoop AI Email Response.
Who are Hoop's investors?
Hoop has 4 investors. Key investors include Index Ventures, Origin Ventures, Divergent Capital, and Chingona Ventures.