Hofy
Latest round
- Series B
Last raised
- Jul 2022
Total raised
- $30M
Investors
- 7
About Hofy
Hofy Ltd specializes in equipment management solutions tailored for businesses with remote teams. The latest investment saw Deel, Inc.Hofy provides an end-to-end equipment management solution designed to streamline the onboarding, procurement, and lifecycle management of devices for remote workers. Their platform enables companies to procure, deploy, track, and recover devices across over 120 countries with minimal effort. Hofy’s services specifically target the pain points faced by rapidly growing companies, such as managing equipment logistics, device repairs, and employee experience related to technology access. The solution is tailored for companies with distributed teams, facilitating efficient equipment delivery and support, thereby addressing the challenges that arise from unscalable in-house management systems.Hofy operates on a business-to-business (B2B) model, generating revenue through subscription-based partnerships with companies seeking equipment management solutions. Clients engage with Hofy to utilize its platform for managing device procurement and lifecycle processes. Revenue transactions occur primarily through service agreements where clients pay for device orders, maintenance, and support services facilitated by Hofy. The pricing structure is designed to accommodate various client needs, allowing companies to create specific teams within the platform with tailored equipment catalogs, which optimizes their spending based on departmental requirements.With the acquisition by Deel, Inc. on July 18, 2024, Hofy plans to leverage the additional resources to expand its workforce by over 1,000 employees within the year. This will facilitate the integration of HR, payroll, and IT services into a single platform, enhancing the company's service offerings.
Who invested in Hofy
7 investors across 3 rounds
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Questions about Hofy
Who invested in Hofy?
Hofy has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hofy raised?
Hofy has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Hofy last raise money?
Hofy's most recent round on record is a Series B, in Jul 2022.
What does Hofy do?
Hofy Ltd specializes in equipment management solutions tailored for businesses with remote teams.
Where is Hofy headquartered?
Hofy is headquartered in London, UK.
Which VCs invest in companies like Hofy?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back logistics & distribution companies at Hofy's stage. Their profiles are linked below.
VCs backing logistics & distribution startups at Series B
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