About Seven Hugs
Seven Hugs is a company based in San Francisco (United States) founded in 2013 was acquired by Qorvo in November 2020. Seven Hugs has raised $25.85 million across 3 funding rounds from investors including Qorvo, Femmes Business Angels and Xerys. Seven Hugs offers products and services including Smart Remote, Smart Remote X, and Smart Remote U.
- Headquarter San Francisco, United States
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sevenhugs Inc
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 Seven Hugs
Seven Hugs offers a comprehensive portfolio of products and services, including Smart Remote, Smart Remote X, and Smart Remote U.
Smart device for controlling home electronics via infrared and other protocols.
Enhanced remote for home automation with additional features like point mode.
Device for unified control of various home gadgets and services.
Funding Insights of Seven Hugs
Seven Hugs has successfully raised a total of $25.85M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in December 2019. 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 A — $9.0M
-
First Round
First Round
(31 Mar 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series A - Seven Hugs | Valuation | Xerys |
|
| Jun, 2016 | Amount | Series A - Seven Hugs | Valuation |
investors |
|
| Mar, 2015 | Amount | Seed - Seven Hugs | Valuation |
investors |
Investors in Seven Hugs
Seven Hugs has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Qorvo, Femmes Business Angels and Xerys.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Xerys is engaged in private equity investment management.
|
Founded Year | Domain | Location | |
|
A co-investment fund is managed for innovative SMEs in Ile-de-France.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
Investments & Acquisitions by Seven Hugs
Financial Statements - Seven Hugs
Seven Hugs Comparisons
Competitors of Seven Hugs
Frequently Asked Questions about Seven Hugs
Seven Hugs was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Seven Hugs is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Seven Hugs is a funded company, having raised a total of $25.85M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.25M, raised on Mar 31, 2015.
Seven Hugs was founded in 2013 and is headquartered in San Francisco, United States. Home automation solutions are created by the company within the consumer technology sector. A remote control device is provided that allows monitoring and control of TVs, music systems, and lights in residential settings. Display, touch, voice commands, and contextual awareness through AI technology are utilized in its operations.
Seven Hugs offers Smart Remote, Smart Remote X, and Smart Remote U.
Seven Hugs has 10 investors. Key investors include Qorvo, Femmes Business Angels, Xerys, Paris Region Venture Fund, and NovX Capital.