# HobSpace

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

- Industry: Education/Training
- Headquarters: Mumbai, India
- Website: www.hobspace.com
- Total disclosed funding: $0.3M
- Latest round: Series A (Jan 27, 2021)
- Investors on record: 5

## About

HobSpace provides innovative digital collaboration and project management solutions through cloud-based tools that enhance communication, file sharing, and task management among teams, fostering productivity across various industries.Founded in 2019, HobSpace is based in Mumbai, India, and specializes in enabling effective digital collaboration for remote teams. The company was established by Harsh Jain, Nirupam Sheth, and Priya Sheth. In May 2022, HobSpace raised USD 4.5 mn in a pre-Series A funding round led by Mankekar Family Office, with participation from Artha India Ventures, accumulating a total of USD 4.5 mn in funding to date and completing four deals.HobSpace.com specializes in providing innovative solutions designed for seamless digital collaboration and project management. Their core offerings include a comprehensive suite of cloud-based tools that facilitate real-time communication, file sharing, and task management among teams. These products are aimed at enhancing productivity for businesses across various sectors, including technology, marketing, and education. Since their launch, HobSpace has focused on addressing the challenges of remote teamwork and project tracking, ensuring that clients can operate efficiently regardless of geographical constraints. The primary markets for these services include North America, Europe, and parts of Asia, where businesses are increasingly adopting digital solutions to streamline their operations.In 2023, HobSpace reported a revenue of USD 1,166,404.90, with an EBITDA of USD -2,778,259.40. The company generates revenue through a subscription model, offering tiered pricing plans tailored to various business needs. Clients can choose between monthly or annual subscriptions based on user requirements, and premium features including enhanced storage, advanced analytics, and dedicated support are available at different price points, establishing a steady revenue stream as HobSpace continues to onboard new customers and enhance services for existing clients.HobSpace plans to utilize the USD 4.5 mn raised in May 2022 to invest in new products and technology, aiming to enhance the overall experience for its users. The company is focused on expanding its market presence, particularly in North America, Europe, and parts of Asia, by launching new features designed for improved user engagement and collaboration. These efforts are part of a strategic initiative to ramp up its global footprint and meet the increasing demand for digital collaboration tools.

## Funding rounds

- Series A, Jan 27, 2021, $0.1M — Inflection Point Ventures
- Seed, Oct 26, 2020, $0.2M — AngelList Holdings, LLC, Artha Venture Partners, Icebreaker Tech, Upsparks

## Investors

- AngelList Holdings, LLC — Seed
- Artha Venture Partners (https://capitalatlas.ai/funds/artha-venture-partners) — Seed
- Icebreaker Tech (https://capitalatlas.ai/funds/icebreaker-tech) — Seed
- Upsparks (https://capitalatlas.ai/funds/upsparks) — Seed
- Inflection Point Ventures (https://capitalatlas.ai/funds/inflection-point-ventures) — Series A