# HYLA

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

- Industry: Environmental Services
- Headquarters: Farmers Branch, US
- Website: www.hylamobile.com
- Total disclosed funding: $148M
- Latest round: Series C (Oct 25, 2013)
- Investors on record: 6

## About

HYLA, Inc. is a technology-driven company specializing in mobile device protection and support services, enhancing customer experiences by offering tailored solutions across various sectors.Founded in 2009 and headquartered in Farmers Branch, US, HYLA, Inc. focuses on mobile device protection services. The company was acquired by Assurant, Inc. in October 2020 for USD 325 mn. CEO Biju Nair leads the firm, which has engaged in 7 deals to date, with the latest deal occurring on October 28, 2020.HYLA, Inc. provides a comprehensive range of mobile device protection programs, including mobile device insurance and tech support services. Their offerings are aimed at enhancing customer loyalty and addressing the diverse needs of clients such as retailers, financial institutions, and consumers throughout the device lifecycle.HYLA, Inc. generates revenue primarily through B2B partnerships and direct-to-consumer sales, focusing on subscription-based models for mobile device insurance and related services. Their revenue includes transactions with retailers and financial institutions, but specific pricing details are not publicly disclosed.Following the acquisition by Assurant, Inc. in October 2020, HYLA, Inc. plans to leverage the resources for expanding its product offerings and entering new markets. Future initiatives include the launch of innovative mobile protection solutions targeting the North American market by late 2023. The recent funding will support these expansions and enhance service delivery.

## Funding rounds

- Series C, Oct 25, 2013, $105M — Kleiner Perkins, NGEN Partners, RRE Ventures, Silver Lake
- Series B, Jan 11, 2013, $8M — SJF Ventures, OpenAir Equity Partners
- Series B, Nov 8, 2011, $35M — Kleiner Perkins, SJF Ventures
- Series A, Jun 23, 2010 — SJF Ventures, OpenAir Equity Partners

## Investors

- SJF Ventures (https://capitalatlas.ai/funds/sjf-ventures) — Series A, Series B
- OpenAir Equity Partners (https://capitalatlas.ai/funds/openair-equity-partners) — Series A, Series B
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B, Series C
- NGEN Partners (https://capitalatlas.ai/funds/ngen-partners) — Series C
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series C
- Silver Lake (https://capitalatlas.ai/funds/silver-lake) — Series C