About Hummingbird
Hummingbird is a company based in Boston (United States) founded in 2016 by Joe Robinson, Ryan Gerard, and Jesse Reiss. It operates as a SaaS (Software-as-a-Service), and FinTech. Hummingbird has raised $41.21 million across 3 funding rounds from investors including Omidyar Network, Battery Ventures and Flourish Ventures. Hummingbird has completed 1 acquisition, including LogicLoop. Hummingbird offers products and services including Customer Screening, Transaction Monitoring, Investigations, and Regulatory Reporting. Hummingbird operates in a competitive market with competitors including Perfios, Signicat, Riskified, IDfy and IDnow, among others.
- Headquarter Boston, United States
- Founders Joe Robinson, Ryan Gerard, Jesse Reiss
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Phone
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Website
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Social
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- Legal Name Hummingbird Regtech, 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
$41.21 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series B
Nov 24, 2021
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Investors
Omidyar Network
& 9 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Hummingbird
Hummingbird offers a comprehensive portfolio of products and services, including Customer Screening, Transaction Monitoring, Investigations, and Regulatory Reporting. 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.
Sanctions and adverse media screening is streamlined effectively.
Financial crime detection is made powerful and flexible.
Compliance investigations are conducted with speed and accuracy.
Automated filing of SAR, STR, and CTR is provided.
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Funding Insights of Hummingbird
Hummingbird has successfully raised a total of $41.21M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in November 2021. 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 B — $30.0M
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First Round
First Round
(22 Oct 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Hummingbird | Valuation | Battery Ventures | |
| May, 2020 | Amount | Series A - Hummingbird | Valuation | Flourish | |
| Oct, 2018 | Amount | Series A - Hummingbird | Valuation | Homebrew |
| 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 Hummingbird
Hummingbird has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Omidyar Network, Battery Ventures and Flourish 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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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Founded Year | Domain | Location | |
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Capital and counsel are provided to mission-driven founders by Homebrew.
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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 Hummingbird
Hummingbird has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LogicLoop. 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.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Workflows are automated by a cloud-based platform for risk management.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hummingbird
| 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 |
Hummingbird Comparisons
Competitors of Hummingbird
Hummingbird 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 Perfios, Signicat, Riskified, IDfy and IDnow, 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 |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Software solutions for identity management are provided via APIs.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Identity verification, background screening, and fraud prevention solutions are provided.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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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 Hummingbird
Frequently Asked Questions about Hummingbird
When was Hummingbird founded?
Hummingbird was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Hummingbird located?
Hummingbird is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Hummingbird?
Joe Robinson is the current CEO of Hummingbird. They have also founded this company.
Is Hummingbird a funded company?
Hummingbird is a funded company, having raised a total of $41.21M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.01M, raised on Oct 22, 2018.
What does Hummingbird do?
Hummingbird is engaged in delivering AI-powered compliance solutions for risk management. The platform is designed to automate routine tasks, enhance decision-making, and scale compliance operations for industries such as banking, fintech, and crypto. Solutions including customer screening, transaction monitoring, investigations, and regulatory reporting are offered to combat financial crime. The company serves various sectors by providing tools for anti-money laundering, customer due diligence, and banking-as-a-service partnerships. Integration with third-party data and core systems is facilitated to ensure seamless operations.
Who are the top competitors of Hummingbird?
What products or services does Hummingbird offer?
Hummingbird offers Customer Screening, Transaction Monitoring, Investigations, and Regulatory Reporting.
How many acquisitions has Hummingbird made?
Hummingbird has made 1 acquisition, including LogicLoop.
Who are Hummingbird's investors?
Hummingbird has 10 investors. Key investors include Omidyar Network, Battery Ventures, Flourish Ventures, Homebrew, and William Hockey.