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Hourly.Io, The Workers' Comp And Payroll Platform For Hourly Workers, Announces A $27M Series A

Jun 03, 2022•over 3 years ago

Amount Raised

$27 Million

Round Type

series a

Palo Alto

Description

Hourly.io, a fast-growing workers' comp and payroll startup, today announced it has raised $27 million in Series A financing led by Glilot Capital Partners through its early growth fund, Glilot+. Additional backers include previous investors S Capital, MS&AD Ventures, J-Ventures and new to this round, Vintage Investment Partners and Upshot Ventures.

Company Information

Company

Hourly.Io

Location

Palo Alto, California, United States

About

The company aims to scale its insurance platform nationwide. The platform frees up thousands of hours spent on administrative work, eliminates surprise bills, and ultimately improves accountability. Lior Litwak, Managing Partner of Glilot+, Glilot Capital's early growth fund said: "Hourly.io is a game-changer for small businesses with a mobile workforce. Headquartered in Palo Alto, California, Hourly.io is an insurtech startup offering full-service payroll and workers' comp insurance for small and medium businesses with hourly workers.

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech