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Hotglue raised $4M in a seed round led by 8VC to hire more staff and enhance its embedded integration platform.

Oct 11, 2024about 1 year ago

Amount Raised

$4 Million

Round Type

seed

WashingtonEnterprise SoftwareSaasArtificial IntelligenceE CommerceInformation TechnologySoftware

Investors

Tdf VenturesY CombinatorCorrelation VenturesWayfinder Ventures8 Vc

Description

Hotglue, a software startup, raised a $4 million seed round to support its rapid growth from five to 65 customers. The funding will be used to hire more staff and continue developing its technology, which aids companies in embedding integrations.

Company Information

Company

Hotglue

Location

Washington, District Of Columbia, United States

About

Hotglue is a software-as-a-service company that specializes in an embedded integration platform designed to connect products and applications. Founded in 2020, it has rapidly grown from five customers to 65, primarily focusing on customer relationship management, accounting, and e-commerce tools. The company's platform empowers users to create open-source integrations, facilitating support for various AI applications. Hotglue aims to scale its solutions alongside the evolving needs of its clients.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers