About Hornet
Hornet is a company based in Hempstead (United States) founded in 2011 by Christof Wittig and Sean Howell. It operates as a Freemium. Hornet has raised $16.5 million across 3 funding rounds from investors including Ventech China, Blued and INSPIRANO. Hornet offers products and services including Hornet App. Hornet operates in a competitive market with competitors including Grindr, Lex, SCRUFF, Bindr and Taimi, among others.
- Headquarter Hempstead, United States
- Founders Christof Wittig, Sean Howell
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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
*********
- Legal Name Queer Networks, 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
$16.5 M (USD)
in 3 rounds
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Latest Funding Round
$8 M (USD), Series A
Nov 22, 2016
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Investors
Ventech China
& 2 more
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Employee Count
Employee Count
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Products & Services of Hornet
Hornet offers a comprehensive portfolio of products and services, including Hornet 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.
A platform for connecting with queer community globally.
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Funding Insights of Hornet
Hornet has successfully raised a total of $16.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in November 2016. 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 3
- Last Round Series A — $8.0M
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First Round
First Round
(30 Jul 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Series A - Hornet | Valuation |
investors |
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| Nov, 2016 | Amount | Series A - Hornet | Valuation | Ventech China | |
| Jul, 2012 | Amount | Angel Round - Hornet | Valuation |
investors |
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| 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 Hornet
Hornet has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Ventech China, Blued and INSPIRANO. 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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Tech-focused venture capital firm funding companies in Europe and China
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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An online store operated for general consumer products.
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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 Hornet
| 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 - Hornet
| 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 |
Hornet Comparisons
Competitors of Hornet
Hornet 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 Grindr, Lex, SCRUFF, Bindr and Taimi, 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 |
Geolocation-based dating and social platform for LGBT community is provided.
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| domain | founded_year | HQ Location |
LGBT community interactions are facilitated through a social platform.
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| domain | founded_year | HQ Location |
A mobile dating app designed for the gay community.
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| domain | founded_year | HQ Location |
App-based dating platform for LGBT community is operated.
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| domain | founded_year | HQ Location |
Taimi is recognized as a leading LGBTQ+ dating app.
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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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Latest news on Hornet
Frequently Asked Questions about Hornet
When was Hornet founded?
Hornet was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Hornet located?
Hornet is headquartered in Hempstead, United States. It is registered at Hempstead, New York, United States.
Who is the current CEO of Hornet?
Christof Wittig is the current CEO of Hornet. They have also founded this company.
Is Hornet a funded company?
Hornet is a funded company, having raised a total of $16.5M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $500K, raised on Jul 30, 2012.
What does Hornet do?
Hornet is managed as a leading social networking platform for the queer community, with over 100 million users worldwide. It is designed to facilitate engaging chats, connections, and discussions on current topics. Features such as virtual travel, hashtags, and filters are provided to help users discover and connect with others. The platform is built with a focus on privacy and safety, ensuring a secure space for self-expression within the community.
What products or services does Hornet offer?
Hornet offers Hornet App.
Who are Hornet's investors?
Hornet has 3 investors. Key investors include Ventech China, Blued, and INSPIRANO.
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