About Hoop
Hoop is a company based in United Kingdom. It operates as a Freemium, and Two-Sided Marketplace. Hoop has raised $8.62 million across 2 funding rounds from investors including BGF, Edge VC and Ustwo. Hoop offers products and services including Hoop App. Hoop operates in a competitive market with competitors including Class4Kids, Eequ, KIDsorted, EdFinders and Club Hub, among others.
- Headquarter United Kingdom
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Hoop Health Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.62 M (USD)
in 2 rounds
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Latest Funding Round
$5.39 M (USD), Series A
May 21, 2018
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Investors
BGF
& 2 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 App. 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.
An app for finding kids' activities locally.
Funding Insights of Hoop
Hoop has successfully raised a total of $8.62M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.39 million completed in May 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 — $5.4M
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First Round
First Round
(27 Sep 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series A - Hoop | Valuation | Edge | |
| Sep, 2017 | Amount | Seed - Hoop | Valuation | BGF |
| 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 3 investors, including venture fund and institutional investors. Prominent investors backing the company include BGF, Edge VC and Ustwo. 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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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Venture capital investments are provided to creative technology startups.
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Founded Year | Domain | Location | |
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ustwo designs, validates, makes real, launches, and boosts digital products for 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 Class4Kids, Eequ, KIDsorted, EdFinders and Club Hub, 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 |
Children's activities are booked and managed via an online platform.
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| domain | founded_year | HQ Location |
Learning solutions for students are delivered via an online platform.
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| domain | founded_year | HQ Location |
Online platform providing slot games and strategies for gambling wins.
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| domain | founded_year | HQ Location |
Provides a versatile platform connecting educational institutions with workshops.
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| domain | founded_year | HQ Location |
Online platform connecting parents to children's activities and clubs in the UK.
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| domain | founded_year | HQ Location |
Offers expert advice, reviews, classes, and services for parents and families.
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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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Frequently Asked Questions about Hoop
Where is Hoop located?
Hoop is headquartered in United Kingdom.
Is Hoop a funded company?
Hoop is a funded company, having raised a total of $8.62M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.23M, raised on Sep 27, 2017.
What does Hoop do?
Hoop is operated as a platform to assist parents in finding and booking local activities for children from newborn to 18 years old. Services are provided through a mobile app that enables filtering by location and specific needs. The company is dedicated to reducing childhood obesity and mental health issues by promoting active and social lifestyles. Partnerships are established with various activity organizers across the UK to offer a wide range of options, including over 400 types of activities and more than 100,000 events.
Who are the top competitors of Hoop?
Hoop's top competitors include Eequ, Class4Kids and myKidsy.
What products or services does Hoop offer?
Hoop offers Hoop App.