About Hourly
Hourly is a company based in Palo Alto (United States) founded in 2018 by Amir Faintuch, Tom Sagi, and Shay Litvak.. Hourly has raised $34.15 million across 2 funding rounds from investors including Glilot, S Capital VC and Vintage Investment Partners. Hourly offers products and services including Payroll Platform, Time Tracking App, and Workers' Comp Integration. Hourly operates in a competitive market with competitors including Gusto, Payflow, Paylocity, Justworks and Earnin, among others.
- Headquarter Palo Alto, United States
- Founders Amir Faintuch, Tom Sagi, Shay Litvak
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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 Hourly, 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
$34.15 M (USD)
in 2 rounds
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Latest Funding Round
$27 M (USD), Series A
May 10, 2022
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Investors
Glilot
& 12 more
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Employee Count
Employee Count
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Products & Services of Hourly
Hourly offers a comprehensive portfolio of products and services, including Payroll Platform, Time Tracking App, and Workers' Comp Integration. 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.
Manages payroll processing and payments with real-time accuracy.
Tracks employee hours and locations in real-time for businesses.
Integrates insurance with payroll for seamless, automatic billing.
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Funding Insights of Hourly
Hourly has successfully raised a total of $34.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $27 million completed in May 2022. 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 — $27.0M
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First Round
First Round
(18 Dec 2019)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Hourly | Valuation | Glilot Capital Partners | |
| Dec, 2019 | Amount | Seed - Hourly | Valuation | Aya Peterburg , Haim Sadger |
| 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 Hourly
Hourly has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Glilot, S Capital VC and Vintage Investment Partners. 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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Limited information is provided about Glilot's activities.
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Founded Year | Domain | Location | |
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Investments are directed by S Capital VC across multiple sectors.
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Founded Year | Domain | Location | |
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Technology investments are managed through venture capital and private equity.
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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 Hourly
| 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 - Hourly
| 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 |
Hourly Comparisons
Competitors of Hourly
Hourly 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 Gusto, Payflow, Paylocity, Justworks and Earnin, 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 |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises
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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 Hourly
Frequently Asked Questions about Hourly
When was Hourly founded?
Hourly was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Hourly located?
Hourly is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Hourly?
Tom Sagi is the current CEO of Hourly. They have also founded this company.
Is Hourly a funded company?
Hourly is a funded company, having raised a total of $34.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7.15M, raised on Dec 18, 2019.
What does Hourly do?
Hourly was founded in 2018 and is headquartered in Palo Alto, United States. Operations focus on cloud-based payroll solutions for enterprises within the HR technology sector. Services include payroll processing, automated tax filing, attendance tracking, a worker mobile app, direct deposits, compliance tools, and workers compensation insurance management. The platform operates on a subscription pricing model and is accessible via Android and iOS applications.
What products or services does Hourly offer?
Hourly offers Payroll Platform, Time Tracking App, and Workers' Comp Integration.
Who are Hourly's investors?
Hourly has 13 investors. Key investors include Glilot, S Capital VC, Vintage Investment Partners, J Ventures, and MS&AD Ventures.