# Hanger Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hanger-networks

- Industry: Marketing/Advertising
- Headquarters: New York, US
- Website: www.hangarnet.com.br
- Total disclosed funding: $18M
- Latest round: Series B (Jun 19, 2008)
- Investors on record: 3

## About

Hanger Networks Inc. provides innovative technological solutions to enhance efficiency in logistics and supply chain management, focusing on operational improvements for small and medium-sized businesses.Hanger Networks Inc. specializes in logistics solutions that optimize supply chain operations. Founded by Ece Hisim, the company has its headquarters in New York, US. In June 2008, the company raised USD 10 mn in a SERIES B funding round led by ABS Ventures, with participation from Kodiak Venture Partners and Sigma Partners. The company has been successful in securing a total of USD 10 mn in funding over multiple rounds, focusing on addressing logistics challenges faced by SMEs.Hangarnet.com.br specializes in providing innovative solutions aimed at improving operational efficiencies in the logistics and supply chain sectors. Their core product offerings include a comprehensive platform that integrates various logistical operations, streamlining processes for businesses looking to optimize their shipping, storage, and inventory management. By enhancing visibility and control over the supply chain, Hangarnet addresses common challenges faced by companies in logistics, such as delays, miscommunication, and inefficiencies. Their services cater primarily to small and medium-sized enterprises (SMEs) in Brazil and select Latin American markets, focusing on customers who seek to leverage technology for improved operational performance and cost savings.Hangarnet generates revenue through a subscription-based model, allowing clients to access its platform and services for a recurring fee. Clients typically enter into contracts that provide them with tiered access to features based on their operational needs, thus facilitating scalable usage as their business grows. Revenue streams may also include partnerships with logistics providers, allowing for integrated service offerings that enhance the value proposition for end-users. The company’s flagship services are designed to cater to specific sectors within the logistics domain, ensuring that clients can tailor their subscriptions to their operational requirements. Pricing plans are structured in a way to provide flexibility while ensuring a consistent revenue flow from its diverse client base.Hanger Networks Inc. plans to leverage its recent funding to enhance its product offerings, focusing on the development of advanced features for their logistics platform. The company aims to expand its market reach into additional Latin American regions by the end of 2024. The USD 10 mn raised in the most recent SERIES B round will support the design and launch of new products, aiming to improve operational efficiencies for clients in emerging markets.

## Funding rounds

- Series B, Jun 19, 2008, $10M — Kodiak Venture Partners, ABS Ventures, Sigma Partners
- Series A, Nov 19, 2006, $8M — Kodiak Venture Partners, Sigma Partners

## Investors

- Kodiak Venture Partners (https://capitalatlas.ai/funds/kodiak-venture-partners) — Series A, Series B
- Sigma Partners — Series A, Series B
- ABS Ventures (https://capitalatlas.ai/funds/abs-ventures) — Series B