About Seven Hugs
Seven Hugs is a Technology company based in San Francisco (United States) founded in 2013, and was acquired by Qorvo in November 2020. Developer of home automation solutions. 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. Its focus areas include High Tech, Smart Homes, Home Automation Controllers and Device Controllers. Its legal entity is Sevenhugs Inc.
Company details
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.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website support.sevenhugs.com
- Social LinkedIn X Facebook
- Acquired by Qorvo (Nov 2020)
- Legal Name Sevenhugs Inc
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 $25.85M
- Total Rounds 3
- Last Round Series A — $9M
- First Round $2.25M
(Mar 2015)
- Investors Count 9
All 3 funding rounds of Seven Hugs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2019 | $9M | Series A | – | Xerys | – |
| Jun 2016 | $14.6M | Series A | – | – | |
| Mar 2015 | $2.25M | Seed | – | – |
10 investors in total: 10 institutional.
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. | 2014 | xerys.com | Paris, France | |
A co-investment fund is managed for innovative SMEs in Ile-de-France. | prvf.fr | Paris, France | ||
| novxcapital.com | ||||
Seed-stage investments in startups are provided by Kima Ventures. | kimaventures.com | Paris, France | ||
| business-angels.info | ||||
Karista is recognized as an early-stage venture capital firm. | 2001 | karista.vc | Paris, France | |
Investments are provided to France-based startups through an angel network. | 2003 | femmesbusinessangels.org | Paris, France | |
| investessor.fr | ||||
| frci-idf.com | ||||
Radio frequency and power solutions are manufactured for multiple industries. | 2012 | qorvo.com | Greensboro, United States |
Investor details for Seven Hugs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Seven Hugs
2 people are tracked at Seven Hugs (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Olivier MANDINE | Software Director | Leadership |
Louis Xiao Wang | Machine Learning Engineer | Team |
Complete people profiles for Seven Hugs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Seven Hugs
4 dated milestones of Seven Hugs across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Seven Hugs is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Series A, of $9.0M.
- Exit Acquired by Qorvo.
Top companies in Sensors & Smart Devices
3 companies that operate in the same segment as Seven Hugs (Sensors & Smart Devices) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,894 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | |||
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 |
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Related news about Seven Hugs
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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 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.
Seven Hugs operates through Sevenhugs Inc.
Yes. Seven Hugs was acquired by Qorvo in November 2020.