Sevenhugs Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 45

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $48.7M

Sevenhugs General Information

Description

Developer of connected home products and services designed to simplify the smart home experience. The company's products and services offer a universal remote to control the TV, music, lights, and home through a single adaptive interface, enabling users to access simplified and seamless smart home technology to create an improved user experience at home.

Contact Information

Website
www.sevenhugs.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 27 Maiden Lane
  • Suite 500
  • San Francisco, CA 94110
  • United States
Primary Industry
Electronic Equipment and Instruments
Other Industries
Recreational Goods
Electronics (B2C)
Acquirer
Qorvo
Vertical(s)
Internet of Things, Mobile
Corporate Office
  • 27 Maiden Lane
  • Suite 500
  • San Francisco, CA 94110
  • United States

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Sevenhugs Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 01-Oct-2020 $48.7M Completed Generating Revenue
6. Early Stage VC 11-Dec-2019 Completed Generating Revenue
5. Product Crowdfunding 16-Dec-2016 Completed Generating Revenue
4. Early Stage VC (Series A) 22-Jun-2016 Completed Generating Revenue
3. Accelerator/Incubator 01-Jan-2016 Completed Generating Revenue
2. Seed Round 20-Mar-2015 $1.64M $1.64M Completed Generating Revenue
1. Accelerator/Incubator Completed Startup
To view Sevenhugs’s complete valuation and funding history, request access »

Sevenhugs Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
B Shares
B Shares
ABSA 2015 3,001,200 $0.011045 $0.51 $0.51 1x $0.51 15.36%
To view Sevenhugs’s complete cap table history, request access »

Sevenhugs Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of connected home products and services designed to simplify the smart home experience. The company's products
Electronic Equipment and Instruments
San Francisco, CA
45 As of 2019

New York, NY
 

San Francisco, CA
 
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Sevenhugs Competitors (9)

One of Sevenhugs’s 9 competitors is Canary ( Electronics (B2C)), a Formerly VC-backed company based in New York, NY.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Canary ( Electronics (B2C)) Formerly VC-backed New York, NY
August Home Formerly VC-backed San Francisco, CA
Senic Venture Capital-Backed Berlin, Germany
Hualai Venture Capital-Backed Tianjin, China
Latch Formerly VC-backed New York, NY
You’re viewing 5 of 9 competitors. Get the full list »

Sevenhugs Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Sevenhugs Former Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds
Business France Tech Accelerator/Incubator
Femmes Business Angels Angel Group Minority
Investessor Angel Group Minority
Karista (Paris) Venture Capital Minority
Kima Ventures Venture Capital Minority
You’re viewing 5 of 11 investors. Get the full list »

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Sevenhugs FAQs

  • When was Sevenhugs founded?

    Sevenhugs was founded in 2014.

  • Where is Sevenhugs headquartered?

    Sevenhugs is headquartered in San Francisco, CA.

  • What is the size of Sevenhugs?

    Sevenhugs has 45 total employees.

  • What industry is Sevenhugs in?

    Sevenhugs’s primary industry is Electronic Equipment and Instruments.

  • Is Sevenhugs a private or public company?

    Sevenhugs is a Private company.

  • What is the current valuation of Sevenhugs?

    The current valuation of Sevenhugs is .

  • What is Sevenhugs’s current revenue?

    The current revenue for Sevenhugs is .

  • How much funding has Sevenhugs raised over time?

    Sevenhugs has raised $26.8M.

  • Who are Sevenhugs’s investors?

    Business France Tech, Femmes Business Angels, Investessor, Karista (Paris), and Kima Ventures are 5 of 11 investors who have invested in Sevenhugs.

  • Who are Sevenhugs’s competitors?

    Canary ( Electronics (B2C)), August Home, Senic, Hualai, and Latch are some of the 9 competitors of Sevenhugs.

  • When was Sevenhugs acquired?

    Sevenhugs was acquired on 01-Oct-2020.

  • Who acquired Sevenhugs?

    Sevenhugs was acquired by Qorvo.

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