# Hutch

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

- Industry: Internet
- Headquarters: Hollywood, US
- Website: www.hutch.com
- Total disclosed funding: $9.2M
- Latest round: Seed (Jun 17, 2016)
- Investors on record: 2

## About

Hutch, Inc. is a technology company focused on creating digital solutions that promote effective communication and user connectivity through a range of mobile applications tailored for diverse urban populations.Founded in 2015 and headquartered in Hollywood, US, Hutch, Inc. specializes in enhancing communication among users via innovative applications. The company has completed 3 deals, with its most recent funding round occurring on June 30, 2017, where they raised USD 10.00 mn in a SERIES A funding led by Zillow, Inc. The founder, Sait Cham, has a background in technology entrepreneurship, contributing to the company's growth and strategic direction.Hutch specializes in delivering innovative digital solutions aimed at enhancing communication and connectivity among users. The company’s core offerings include a suite of mobile applications and services specifically designed to streamline user interactions and foster community engagement. These applications serve a diverse customer base that spans urban centers in Asia and parts of Europe. By addressing common challenges such as information overload and social disconnection, Hutch provides tools to simplify daily communications, enabling seamless connections and enriching user experiences. The applications were initially launched in select markets and have since expanded to adapt to the diverse needs of end users, including individual consumers and businesses seeking enhanced communication solutions.Hutch generates revenue through a combination of subscription-based models and partnerships with local retailers and businesses. Customers typically engage with the company's services through a direct-to-consumer model, accessing premium features on a subscription basis or through in-app purchases. This structure allows for flexible pricing plans catering to individual users and business clients. Businesses may subscribe to tiered pricing plans that scale with their user base while individual consumers can choose between free access with ads or a premium ad-free experience for a monthly fee. This multifaceted approach to revenue generation positions Hutch to effectively capture and retain customers across various markets while optimizing service offerings.In June 2017, Hutch, Inc. raised USD 10.00 mn in SERIES A funding led by Zillow, Inc., which will be utilized to support upcoming product launches and market expansion initiatives. The company plans to introduce new features and applications aimed at enhancing user engagement. Additionally, Hutch is targeting expansion into more urban markets in Asia and Europe by 2023, leveraging recent funding to adapt its offerings to meet diverse regional needs.

## Funding rounds

- Seed, Jun 17, 2016, $7.1M — Founders Fund
- Seed, Dec 15, 2015, $2.1M — Foundation Capital, Founders Fund

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed