Hygglo
Latest round
- Seed
Last raised
- Nov 2017
Total raised
- $0.9M
Investors
- 3
About Hygglo
Founded in 2016 in Stockholm, Sweden, Hygglo AB specializes in peer-to-peer rentals, allowing users to rent out and access various items.Hygglo operates a peer-to-peer rental platform that facilitates the renting of various items, ranging from construction equipment to leisure products, allowing users to both rent out their belongings and rent items from other users. The platform caters to individuals looking to access goods without the burden of ownership, promoting a circular economy. Key offerings include categories such as film and photo equipment, cleaning machines, construction scaffolding, trailers, and even specialized items like ozonators and high-pressure washers. This service meets the needs of both casual users requiring items for short-term use and those needing tools and equipment for larger projects.Hygglo generates revenue through transaction fees associated with rental agreements facilitated on its platform. When a customer rents an item, a percentage of the rental fee is collected as a service charge by Hygglo.5 mn. This structure not only creates a direct revenue stream but also encourages a wide range of transactions between individuals, enhancing community engagement. The company is currently focusing on launching additional product categories and enhancing its user experience. Future efforts will also include expanding its services to Denmark, Finland, and Norway to meet the growing demand for rental solutions in the Nordic region.
Who invested in Hygglo
3 investors across 1 round
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Funding rounds
Seed
Nov 1, 2017
Amount
$0.9M
Investors
Questions about Hygglo
Who invested in Hygglo?
Hygglo has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hygglo raised?
Hygglo has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Hygglo last raise money?
Hygglo's most recent round on record is a Seed, in Nov 2017.
What does Hygglo do?
Founded in 2016 in Stockholm, Sweden, Hygglo AB specializes in peer-to-peer rentals, allowing users to rent out and access various items.
Where is Hygglo headquartered?
Hygglo is headquartered in Stockholm, Sweden.
Which VCs invest in companies like Hygglo?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back internet companies at Hygglo's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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