About Horizon Hobby
Horizon Hobby is a company based in Urbana (United States) founded in 1985 was acquired by Armory in March 2014.. The company has 420 employees as of December 31, 2023. Horizon Hobby has completed 2 acquisitions, including Hobbico and Pro-Line Racing.
- Headquarter Urbana, United States
- Employees 420 as on 31 Dec, 2023
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Armory Capital
& 1 more
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Employee Count
420
as on Dec 31, 2023
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Investments & Acquisitions
Hobbico
& 1 more
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Acquired by
Armory
(Mar 05, 2014)
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Funding Insights of Horizon Hobby
| 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 Horizon Hobby
Horizon Hobby has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Armory Capital and Mill City 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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Armory Capital is operated as a family investment office.
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Founded Year | Domain | Location | |
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Mill City Capital is engaged in private equity investments.
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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 Horizon Hobby
Horizon Hobby has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Hobbico and Pro-Line Racing. 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.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Hobby products are distributed by Hobbico in the United States.
|
1995 | ||||
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Major auto components for trucks are manufactured and supplied.
|
1982 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Horizon Hobby
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Horizon Hobby Comparisons
Competitors of Horizon Hobby
| 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.
|
Frequently Asked Questions about Horizon Hobby
When was Horizon Hobby founded?
Horizon Hobby was founded in 1985.
Where is Horizon Hobby located?
Horizon Hobby is headquartered in Urbana, United States. It is registered at Urbana, Illinois, United States.
Who is the current CEO of Horizon Hobby?
Joe Ambrose is the current CEO of Horizon Hobby.
How many employees does Horizon Hobby have?
As of Dec 31, 2023, the latest employee count at Horizon Hobby is 420.
What does Horizon Hobby do?
Horizon Hobby was founded in 1985 in Urbana, United States, within the hobby and recreation sector. Ready-to-run and kit-form models of cars, trucks, airplanes, helicopters, and boats are offered, along with parts, accessories, and radio systems. Products are designed for skill levels ranging from beginners to experts. Technical assistance and resources are supplied to support enthusiasts in the United States and internationally.
How many acquisitions has Horizon Hobby made?
Horizon Hobby has made 2 acquisitions, including Hobbico, and Pro-Line Racing.
Who are Horizon Hobby's investors?
Horizon Hobby has 2 investors. Key investors include Armory Capital, and Mill City Capital.