About Hoopla
Hoopla is a company based in San Jose (United States) founded in 2009 was acquired by Raydiant in March 2021. It operates as a SaaS (Software-as-a-Service). Hoopla has raised $10.8 million across 2 funding rounds from investors including Raydiant, Safeguard Scientifics and Trinity Ventures. Hoopla offers products and services including Hoopla Platform, Leaderboards, and Contests. Hoopla operates in a competitive market with competitors including BetterWorks, 15Five, Workday Adaptive Planning, Lattice and Workhuman, among others.
- Headquarter San Jose, United States
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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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Products & Services of Hoopla
Hoopla offers a comprehensive portfolio of products and services, including Hoopla Platform, Leaderboards, and Contests. 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 used to motivate teams with gamification tools.
Tool used to display performance metrics for teams.
Feature used to create friendly competition among employees.
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Funding Insights of Hoopla
Hoopla has successfully raised a total of $10.8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in March 2014. 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 — $8.0M
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First Round
First Round
(20 Jun 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2014 | Amount | Series B - Hoopla | Valuation | Trinity Ventures | |
| Jun, 2012 | Amount | Series A - Hoopla | Valuation | Safeguard Scientifics |
| 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 Hoopla
Hoopla has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Raydiant, Safeguard Scientifics and Trinity Ventures. 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 firm investing in early-stage technology and real estate companies.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early and growth stage companies
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided by Illuminate Ventures for B2B software startups.
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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 Hoopla
| 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 - Hoopla
| 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 |
Hoopla Comparisons
Competitors of Hoopla
Hoopla 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 BetterWorks, 15Five, Workday Adaptive Planning, Lattice and Workhuman, 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 |
Online goal setting, tracking and management
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Employee feedback and reports are managed via a SaaS platform.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and analytics are delivered via SaaS.
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| domain | founded_year | HQ Location |
Cloud-based performance management solutions are offered for employees.
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| domain | founded_year | HQ Location |
Cloud based employee performance and recognition management software
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| domain | founded_year | HQ Location |
Employee performance management and engagement software is provided.
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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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Latest news on Hoopla
Frequently Asked Questions about Hoopla
When was Hoopla founded?
Hoopla was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Hoopla located?
Hoopla is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is Hoopla a funded company?
Hoopla is a funded company, having raised a total of $10.8M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.8M, raised on Jun 20, 2012.
What does Hoopla do?
Hoopla is established as a workplace communication and engagement platform designed to motivate teams and enhance performance. Solutions are provided for sales teams, contact centers, and remote employees through gamification tools like leaderboards and contests. Performance updates are broadcasted, wins are celebrated, and remote connectivity is supported via integrations with Slack, Teams, and Zoom. The platform is utilized to create a high-performance culture, improve employee engagement, and reduce turnover across various sectors.
Who are the top competitors of Hoopla?
Hoopla's top competitors include Workday Adaptive Planning, Lattice and Atrium.
What products or services does Hoopla offer?
Hoopla offers Hoopla Platform, Leaderboards, and Contests.
Who are Hoopla's investors?
Hoopla has 5 investors. Key investors include Raydiant, Safeguard Scientifics, Trinity Ventures, Illuminate Ventures, and Salesforce Ventures.
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