HUG Overview
- Year Founded
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2020
- Status
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Acquired/Merged
- Employees
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44
- Latest Deal Type
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M&A
- Investors
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1
HUG General Information
Description
Operator of an artist discovery platform intended to help users discover non-fungible token projects and creators in a curated way. The company's NFT platform offers a creator accelerator program that offers direct support and mentorship to project creators and founders, enabling creators with access to projects, educational programs, and mentorship programs to create an inclusive crypto community.
Contact Information
Website
www.hug.art(Operating Subsidiary)
Corporate Office
- 1st Floor
- 11 13 Hill Street
- Douglas IM1 1EF
- Isle of Man, United Kingdom
Corporate Office
- 1st Floor
- 11 13 Hill Street
- Douglas IM1 1EF
- Isle of Man, United Kingdom
HUG Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Merger/Acquisition | 12-Dec-2024 | Completed | Generating Revenue | |||
| 3. Early Stage VC | 12-Apr-2023 | Completed | Generating Revenue | |||
| 2. Early Stage VC | $3.77M | Completed | Generating Revenue | |||
| 1. Seed Round | 19-Oct-2021 | $3.77M | $3.77M | Completed | Generating Revenue |
HUG Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Founders | ||||||||
| Seed-C | ||||||||
| Seed-B | 590,000 | $0.000100 | 6% | $2.98 | $2.98 | 1x | $2.98 | 8.69% |
| Seed-A | 1,430,000 | $0.000100 | 6% | $3.5 | $3.5 | 1x | $3.5 | 8.39% |
HUG Related Research & Analysis
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Growth Rate
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Key Data Points
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Majestic Referring Domains
HUG Former Investors (9)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| BOLD (Business Opportunities for L'Oréal Development) | Corporate Venture Capital | Minority | ||
| Corner Capital Management | Venture Capital | Minority | ||
| Digital (US) | Family Office | Minority | ||
| Jae Holdings | Corporation | Minority | ||
| NJF Capital | Corporate Venture Capital | Minority |
HUG Acquisitions (1)
HUG’s most recent deal was a Merger/Acquisition with Meta Angels. The deal was made on 03-Nov-2022.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Meta Angels | 03-Nov-2022 | Merger/Acquisition | Other Financial Services |
HUG Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Meta Angels | DE | 2021 |
HUG FAQs
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When was HUG founded?
HUG was founded in 2020.
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Where is HUG headquartered?
HUG is headquartered in Douglas, United Kingdom.
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What is the size of HUG?
HUG has 44 total employees.
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What industry is HUG in?
HUG’s primary industry is Other Services (B2C Non-Financial).
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Is HUG a private or public company?
HUG is a Private company.
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What is HUG’s current revenue?
The current revenue for HUG is .
-
How much funding has HUG raised over time?
HUG has raised $8.77M.
-
Who are HUG’s investors?
BOLD (Business Opportunities for L'Oréal Development), Corner Capital Management, Digital (US), Jae Holdings, and NJF Capital are 5 of 9 investors who have invested in HUG.
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When was HUG acquired?
HUG was acquired on 12-Dec-2024.
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