Hourly Overview
- Year Founded
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2019
- Status
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Acquired/Merged
- Employees
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131
- Latest Deal Type
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M&A
Hourly General Information
Description
Developer of a compensation insurance platform designed to help small business owners pay, manage, and protect their hourly workers. The company's platform offers workers' compensation insurance and full-service payroll for small and medium businesses with hourly workers while also facilitating payroll management and time tracking, enabling business owners to keep track of their exact premiums and labor costs in real time.
Contact Information
Website
www.hourly.io(Operating Subsidiary)
Corporate Office
- 660 Homer Avenue
- Palo Alto, CA 94301
- United States
Corporate Office
- 660 Homer Avenue
- Palo Alto, CA 94301
- United States
Hourly Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 3. Merger/Acquisition | 16-Jul-2025 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 01-Nov-2022 | Completed | Generating Revenue | |||
| 1. Seed Round | 26-Sep-2019 | $7.15M | $7.15M | Completed | Generating Revenue |
Hourly Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A-1 | ||||||||
| Series A | ||||||||
| Seed-3 | ||||||||
| Seed-2 | 1,530,434 | $0.000100 | $0.07 | $0.07 | 1x | $0.07 | 0.45% | |
| Seed-1 | 56,059,008 | $0.000100 | $0.09 | $0.09 | 1x | $0.09 | 16.42% |
Hourly Comparisons
Industry
Financing
Details
Hourly Competitors (2)
One of Hourly’s 2 competitors is Wave Financial, a Private Equity-Backed company based in Toronto, Canada.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Wave Financial | Private Equity-Backed | Toronto, Canada | ||||
| Patriot Software | Venture Capital-Backed | Canton, OH |
Hourly Related Research & Analysis
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Key Data Points
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Majestic Referring Domains
Hourly Former Investors (12)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | Minority | |||
| CSC UpShot Ventures | Venture Capital | Minority | ||
| Evolution (Venture Capital) | Venture Capital | Minority | ||
| Angel (individual) | Minority | |||
| Glilot Capital | Venture Capital | Minority |
Hourly FAQs
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When was Hourly founded?
Hourly was founded in 2019.
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Where is Hourly headquartered?
Hourly is headquartered in Palo Alto, CA.
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What is the size of Hourly?
Hourly has 131 total employees.
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What industry is Hourly in?
Hourly’s primary industry is Other Financial Services.
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Is Hourly a private or public company?
Hourly is a Private company.
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What is Hourly’s current revenue?
The current revenue for Hourly is .
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How much funding has Hourly raised over time?
Hourly has raised $39M.
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Who are Hourly’s investors?
, CSC UpShot Ventures, Evolution (Venture Capital), , and Glilot Capital are 5 of 12 investors who have invested in Hourly.
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Who are Hourly’s competitors?
Wave Financial and Patriot Software are competitors of Hourly.
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When was Hourly acquired?
Hourly was acquired on 16-Jul-2025.
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Who acquired Hourly?
Hourly was acquired by Wesure Global Tech.
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