# Sevenhugs

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

- Industry: Consumer Products
- Headquarters: San Francisco, US
- Website: www.sevenhugs.com
- Total disclosed funding: $16M
- Latest round: Series A (Jun 22, 2016)
- Investors on record: 7

## About

Sevenhugs Inc. specializes in smart remote control solutions designed to simplify the operation of connected home devices, enhancing user experience through integration and ease of use.Founded in 2014 in San Francisco, US, Sevenhugs Inc. developed innovative smart remote control products. The company, co-founded by Simon Tchedikian and Stéphane Jaubertou, raised a total of USD 9.00 mn. The most recent funding round occurred on November 5, 2020, featuring investors like Xerys Gestion. Sevenhugs was acquired by Qorvo in November 2020, and as of June 1, 2021, it ceased all manufacturing and support services for its product line, including the Smart Remote, Smart Remote X, and Smart Remote U.Sevenhugs developed a suite of smart remote control products aimed at simplifying the management of connected home devices. The Smart Remote, its flagship product, integrated controls for various smart home devices. However, as of June 1, 2021, the company has discontinued all product offerings, ending manufacturing and support.Sevenhugs generated revenue primarily through direct-to-consumer sales for its smart remote products, structured as one-time purchases. However, all revenue-generating activities ceased following the discontinuation of the Smart Remote product line on June 1, 2021.Although Sevenhugs has ceased its product operations, the acquisition by Qorvo in November 2020 may signal future integration opportunities within the smart home technology sector. Specific plans for new product launches or market expansions have not been disclosed.

## Funding rounds

- Series A, Jun 22, 2016, $15M — Xerys Gestion
- Seed, Mar 31, 2015, $1.6M — Karista, Kima Ventures, Business Angels Investessor, NovX Capital, Femmes Business Angels, Business Angels Des Grandes Ecoles

## Investors

- Karista (https://capitalatlas.ai/funds/karista) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Business Angels Investessor — Seed
- NovX Capital (https://capitalatlas.ai/funds/novx-capital) — Seed
- Femmes Business Angels — Seed
- Business Angels Des Grandes Ecoles — Seed
- Xerys Gestion (https://capitalatlas.ai/funds/xerys-gestion) — Series A