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
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Sevenhugs Inc
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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. 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.
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
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First Round
First Round
(31 Mar 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2019 | Amount | Series A - Seven Hugs | Valuation | Xerys |
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| Jun, 2016 | Amount | Series A - Seven Hugs | Valuation |
investors |
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| Mar, 2015 | Amount | Seed - Seven Hugs | 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 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. 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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Xerys is engaged in private equity investment management.
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A co-investment fund is managed for innovative SMEs in Ile-de-France.
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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 Seven Hugs
| 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 |
Financial Statements - Seven Hugs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Seven Hugs Comparisons
Competitors of Seven Hugs
| 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 Seven Hugs
Frequently Asked Questions about Seven Hugs
When was Seven Hugs founded?
Seven Hugs was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Seven Hugs located?
Seven Hugs is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Seven Hugs a funded company?
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.
What does Seven Hugs do?
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.
What products or services does Seven Hugs offer?
Seven Hugs offers Smart Remote, Smart Remote X, and Smart Remote U.
Who are Seven Hugs's investors?
Seven Hugs has 10 investors. Key investors include Qorvo, Femmes Business Angels, Xerys, Paris Region Venture Fund, and NovX Capital.
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