About Hygglo
Hygglo is a company based in Stockholm (Sweden) founded in 2016 by Henrik Frasen, Ola Degerfors, and Axel Hellstrom.. Hygglo has raised $1.26 million across 2 funding rounds from investors including Schibsted Media Group and Norrsken VC. Hygglo has completed 1 acquisition, including Fat Llama. Hygglo offers products and services including Rental Platform, Tool Rental Service, and Vehicle Rental. Hygglo operates in a competitive market with competitors including Swinga, Rentl, HyraHyra and 2rent, among others.
- Headquarter Stockholm, Sweden
- Founders Henrik Frasen, Ola Degerfors, Axel Hellstrom
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Sectors
Retail
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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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Total Equity Funding
$1.26 M (USD)
in 2 rounds
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Latest Funding Round
$890 K (USD), Seed
Nov 01, 2017
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Investors
Schibsted Media Group
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Hygglo
Hygglo offers a comprehensive portfolio of products and services, including Rental Platform, Tool Rental Service, and Vehicle Rental. 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.
Platform for renting tools and equipment from peers
Service to hire tools like pressure washers locally
Renting vehicles such as trailers through the platform
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Funding Insights of Hygglo
Hygglo has successfully raised a total of $1.26M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $890 thousand completed in November 2017. 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 Seed — $890,000
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First Round
First Round
(20 Mar 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Seed - Hygglo | Valuation | Schibsted Media Group , Norrsken VC |
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| Mar, 2017 | Amount | Seed - Hygglo | Valuation |
investors |
| 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 Hygglo
Hygglo has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Schibsted Media Group and Norrsken VC. 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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Impact investments are made in startups addressing global challenges.
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Leading Nordic news brands are operated by media house.
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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 Hygglo
Hygglo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fat Llama. 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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Multi-category consumer products are rented via an online platform.
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2015 |
| 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 - Hygglo
| 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 |
Hygglo Comparisons
Competitors of Hygglo
Hygglo 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 Swinga, Rentl, HyraHyra and 2rent, 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 |
App for lending tools, leisure items, and more from community members.
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| domain | founded_year | HQ Location |
Offers high-quality building materials, machines, and tools for construction projects.
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| domain | founded_year | HQ Location |
Operates an online peer-to-peer marketplace for renting consumer goods.
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| domain | founded_year | HQ Location |
Provides online booking for professional equipment rentals like lighting and video in Europe.
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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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Frequently Asked Questions about Hygglo
When was Hygglo founded?
Hygglo was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Hygglo located?
Hygglo is headquartered in Stockholm, Sweden.
Is Hygglo a funded company?
Hygglo is a funded company, having raised a total of $1.26M across 2 funding rounds to date. The company's 1st funding round was a Seed of $373.04K, raised on Mar 20, 2017.
What does Hygglo do?
Hygglo was founded in 2016 in Stockholm, Sweden, as an online peer-to-peer rental platform focused on consumer goods. Items are listed by owners under categories such as cars, boats, electronics, party rentals, sports equipment, garden supplies, and tools. Terms, conditions, and rental prices are set by owners. Users search available products and complete bookings through online payments. Operations are centered in Sweden.
What products or services does Hygglo offer?
Hygglo offers Rental Platform, Tool Rental Service, and Vehicle Rental.
How many acquisitions has Hygglo made?
Hygglo has made 1 acquisition, including Fat Llama.
Who are Hygglo's investors?
Hygglo has 2 investors. Key investors include Schibsted Media Group, and Norrsken VC.