# Hemper

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hemper

- Industry: Consumer Products
- Headquarters: Hauppauge, US
- Website: www.hemper.co
- Total disclosed funding: $11M
- Latest round: Series A (Dec 11, 2018)
- Investors on record: 2

## About

Hemper, Inc. is an online headshop that specializes in offering a wide selection of smoking accessories, including subscription boxes that feature curated products tailored for adult consumers.Founded in 2015 in Hauppauge, US, Hemper, Inc. operates as a direct-to-consumer platform for smoking accessories. The company was established by Bryan Gerber, Henry Kochhar, and Ravjot Bhasin. Hemper has successfully raised EUR 0.28 million in venture funding as of November 12, 2019, with a total of EUR 0.28 million raised across three funding deals, positioning it for expansion and innovation in product offerings.Hemper specializes in providing a comprehensive range of smoking accessories through its online headshop platform, including subscription boxes that feature curated smoking products tailored to consumer needs. The core product offerings encompass bongs, glass pipes, rolling papers, pre-rolled cones, vaporizers, and herb grinders, designed to enhance the smoking experience for both novice and seasoned users. Hemper's subscription boxes deliver unique and themed collections directly to customers, offering convenience and access to the latest trends in smoking accessories. The company primarily targets adult consumers aged 21 and older in the United States, with additional reach into select international markets where legal regulations permit.Hemper generates revenue primarily through direct-to-consumer sales via its online platform, supplemented by subscription services that offer curated themed boxes of smoking accessories. The company's transaction structure includes one-time purchases of individual products as well as ongoing subscriptions that provide customers with regular deliveries of smoking supplies, enhancing customer loyalty and retention. Pricing strategies are designed to cater to a broad range of consumers, with offerings that include both individual accessories and themed subscription boxes. Hemper's flagship products feature a variety of bongs and vaporizers, which are highlighted in marketing materials and attract significant consumer interest.As of November 2019, Hemper raised EUR 0.28 million in venture funding, which will support its strategic growth plans. The company intends to expand its product line with upcoming releases of innovative smoking accessories, although specific launch dates are not announced. Additionally, Hemper aims to penetrate new markets, particularly in regions where smoking products are legally permissible, enhancing its geographic footprint. The recent funding will facilitate these initiatives, ensuring that Hemper remains well-positioned in the evolving smoking accessories market.

## Funding rounds

- Series A, Dec 11, 2018, $10M — Poseidon Asset Management, Evolution VC Partners
- Seed, Jul 20, 2018, $1M — Evolution VC Partners

## Investors

- Evolution VC Partners (https://capitalatlas.ai/funds/evolution-vc-partners) — Seed, Series A
- Poseidon Asset Management (https://capitalatlas.ai/funds/poseidon-asset-management) — Series A