About HYLA Mobile
HYLA Mobile is a company based in Farmers Branch (United States) founded in 2009 was acquired by Assurant in October 2020.. HYLA Mobile has raised $148 million across 6 funding rounds from investors including Kleiner Perkins, Assurant and SJF Ventures. The company has 327 employees as of December 31, 2022. HYLA Mobile has completed 1 acquisition, including Flipswap. HYLA Mobile offers products and services including Extended Protection Programs, Lender-Placed Insurance, and Vehicle Protection Services. HYLA Mobile operates in a competitive market with competitors including Archive, Recurate, Treet, Rye and Sella, among others.
- Headquarter Farmers Branch, United States
- Employees 327 as on 31 Dec, 2022
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hyla, 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
$148 M (USD)
in 6 rounds
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Latest Funding Round
$5.14 M (USD), Debt – Conventional
Aug 28, 2015
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Investors
Kleiner Perkins
& 7 more
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Employee Count
327
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Assurant
(Oct 28, 2020)
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Products & Services of HYLA Mobile
HYLA Mobile offers a comprehensive portfolio of products and services, including Extended Protection Programs, Lender-Placed Insurance, and Vehicle Protection Services. 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.
Programs for protecting electronics and appliances from damage
Solutions for mortgage and financial institution risk coverage
Services to optimize vehicle performance and mitigate risks
Funding Insights of HYLA Mobile
HYLA Mobile has successfully raised a total of $148M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5.14 million completed in August 2015. 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 6
- Last Round Debt – Conventional — $5.1M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Debt – Conventional - HYLA Mobile | Valuation |
investors |
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| May, 2014 | Amount | Series C - HYLA Mobile | Valuation |
investors |
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| Nov, 2013 | Amount | Series C - HYLA Mobile | Valuation | Kleiner Perkins |
| 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 HYLA Mobile
HYLA Mobile has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Kleiner Perkins, Assurant and SJF 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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Impact venture capital is invested in early-stage US companies.
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Founded Year | Domain | Location | |
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Venture capital investments are focused on IoT and technology sectors.
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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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 HYLA Mobile
HYLA Mobile has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Flipswap. 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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National governing body for ice skating, promoting and developing the sport
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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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HYLA Mobile
| 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 |
Hyla Mobile Comparisons
Competitors of HYLA Mobile
HYLA Mobile 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 Archive, Recurate, Treet, Rye and Sella, 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 |
Archive is recognized as an influencer marketing and UGC management platform.
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| domain | founded_year | HQ Location |
Resale marketplace platform for eCommerce stores is provided.
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| domain | founded_year | HQ Location |
A peer-to-peer resale marketplace for branded secondhand items is facilitated.
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| domain | founded_year | HQ Location |
Recommerce software solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Recommerce software suites are supplied to merchants for multichannel sales.
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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 Hyla Mobile
Frequently Asked Questions about HYLA Mobile
When was HYLA Mobile founded?
HYLA Mobile was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is HYLA Mobile located?
HYLA Mobile is headquartered in Farmers Branch, United States. It is registered at Farmers Branch, Texas, United States.
Who is the current CEO of HYLA Mobile?
Biju Nair is the current CEO of HYLA Mobile.
Is HYLA Mobile a funded company?
HYLA Mobile is a funded company, having raised a total of $148M across 6 funding rounds to date. The company's 1st funding round was a Series C of $105M, raised on Jun 24, 2010.
How many employees does HYLA Mobile have?
As of Dec 31, 2022, the latest employee count at HYLA Mobile is 327.
What does HYLA Mobile do?
Founded in 2009 and based in Farmers Branch, United States, HYLA Mobile operates in the mobile device recommerce sector. Solutions for trade-in, collection, and processing of pre-used mobile phones are offered, including software that integrates with online stores or websites for in-store and online operations. Liquidation processes are facilitated, and an analytics platform is provided to track business KPIs.
Who are the top competitors of HYLA Mobile?
What products or services does HYLA Mobile offer?
HYLA Mobile offers Extended Protection Programs, Lender-Placed Insurance, and Vehicle Protection Services.
How many acquisitions has HYLA Mobile made?
HYLA Mobile has made 1 acquisition, including Flipswap.
Who are HYLA Mobile's investors?
HYLA Mobile has 8 investors. Key investors include Kleiner Perkins, Assurant, SJF Ventures, OPENAIR Equity Partners, and RRE Ventures.
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