About HUG
HUG is a company based in New York (United States) founded in 2022 by Debbie Soon and Randi Zuckerberg. It operates as a Two-Sided Marketplace. HUG has raised $5 million across 1 funding round from investors including OKX, Implication Capital and BOLD. The company has 3 employees as of December 31, 2024. HUG offers products and services including HUG Platform. HUG operates in a competitive market with competitors including IndiGG, Easy, GARI, xPortal and Pop Social, among others.
- Headquarter New York, United States
- Employees 3 as on 31 Dec, 2024
- Founders Debbie Soon, Randi Zuckerberg
-
Sectors
TechnologyFinancial Services Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Assemble Stream, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5 M (USD)
in 1 rounds
-
Latest Funding Round
$5 M (USD), Seed
Apr 12, 2023
-
Investors
OKX
& 5 more
-
Employee Count
3
as on Dec 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of HUG
HUG offers a comprehensive portfolio of products and services, including HUG Platform. 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 showcasing and selling art online.
Unlock access to complete
Unlock access to complete
Funding Insights of HUG
HUG has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in April 2023. 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 1
- Last Round Seed — $5.0M
-
First Round
First Round
(12 Apr 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - HUG | Valuation | Digital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HUG
HUG has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include OKX, Implication Capital and BOLD. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Consumer sector investments are managed by Venrex venture capital firm.
|
Founded Year | Domain | Location | |
|
Investments in multiple sectors are made by AA Sons.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by HUG
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - HUG
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hug Comparisons
Competitors of HUG
HUG 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 IndiGG, Easy, GARI, xPortal and Pop Social, 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 |
Online community-based gaming platform
|
|
| domain | founded_year | HQ Location |
Decentralized social platform for connecting with friends
|
|
| domain | founded_year | HQ Location |
Crypto-based social media platform
|
|
| domain | founded_year | HQ Location |
Intelligent wallet for crypto management, trading, and earning yields securely.
|
|
| domain | founded_year | HQ Location |
Web3 users are connected through a social networking platform.
|
|
| domain | founded_year | HQ Location |
Web3 platform for t brands, celebrities & artists the ability to enhance, promote, license, and sell their work
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about HUG
When was HUG founded?
HUG was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is HUG located?
HUG is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of HUG?
Randi Zuckerberg is the current CEO of HUG. They have also founded this company.
Is HUG a funded company?
HUG is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Seed of $5M, raised on Apr 12, 2023.
How many employees does HUG have?
As of Dec 31, 2024, the latest employee count at HUG is 3.
What does HUG do?
A digital marketplace is operated by HUG for artists and buyers. Artworks are showcased, sold, and discovered through the platform. The service is focused on connecting creators with potential customers in the art sector. Solutions are provided to facilitate online transactions and visibility for artists.
What products or services does HUG offer?
HUG offers HUG Platform.
Who are HUG's investors?
HUG has 6 investors. Key investors include OKX, Implication Capital, BOLD, Venrex, and AA Sons.