Connect with us

Hi, what are you looking for?

HiHello Raises $7.5 Million in Series A Funding to Scale Its Digital Business Card Platform

HiHello Logo
HiHello Logo

HiHello logo

PALO ALTO, Calif. – July 29, 2021 – (Newswire.com)

HiHello Inc., the leading digital business card platform for individuals and businesses, today announced a $7.5 million Series A round of funding led by Foundry Group, with participation from Lux Capital and existing investor August Capital. Additional investors include Manu Kumar (Co-founder and Chief Executive Officer of HiHello), the co-founders of Lyft, Everlaw, Auth0, Path/June, and Military.com, and product leaders from LinkedIn and Facebook.

HiHello is a software-as-a-service (SaaS) solution that helps people strengthen their relationships and amplify the power of their network. With the high demand for enterprise digital business cards, this new funding will enable HiHello to continue growing its team and expanding its business platform to support companies of all sizes.

“HiHello is the first company to develop a digital business card platform that is truly focused on the end-user experience,” said Lindel Eakman of Foundry Group. “Physical business cards are outdated and difficult to manage, especially for enterprise companies. We’ve seen exciting growth with HiHello’s digital business cards—companies are realizing how powerful virtual cards are when it comes to networking.”

Founded in 2018, HiHello previously announced a $2.5 million round of seed funding in February 2019, led by August Capital, K9 Ventures, and TenOneTen Ventures. HiHello has seen impressive growth—with users spanning across 147 countries, over 1.5 million HiHello digital business cards have been received in the past year alone. 

“While HiHello started as a free app, we had people wanting to pay us for premium features,” said Kumar. “Companies are now realizing that they can use a software solution to manage their business cards, networking, and contact management needs, which is more sustainable and beneficial than physical cards.”

Kumar is an experienced founder, having co-founded multiple startups including CardMunch (acquired by LinkedIn), and Carta (now valued at over $6.9 billion). He also manages K9 Ventures, a successful pre-seed venture capital fund. K9 has been an early investor in companies like Lyft, Twilio, and Auth0, which was recently acquired by Okta. 

As part of the new financing round, HiHello is also adding two new members to its Board of Directors: Lindel Eakman from Foundry Group, and Eugenio Pace, co-founder of Auth0.

About HiHello

HiHello is the top-rated digital business card platform for both individuals and businesses. Founded in 2018 and headquartered in Palo Alto, California, HiHello helps people around the world connect and empowers people to leverage their networks. More information is available at www.hihello.me.

Download the free app: https://go.hihello.me/get-app

Press Release Service
by
Newswire.com

Original Source:

HiHello Raises $7.5 Million in Series A Funding to Scale Its Digital Business Card Platform

Written By

You may also like:

Life

Environment Canada has issued an unprecedented "red alert" for parts of British Columbia as the province braces for additional rain.

World

Seventy-one people were killed in the crash. Follmann, now 29 years old, is one of six who survived -- though he lost his right...

Business

View of nitrogen fertilizer being applied to growing corn (maize) in a contoured, no-tilled field in Hardin County, Iowa. Source - USDA/Photo no. NRCSIA99241...

World

France hosts a meeting of European ministers on Sunday to discuss ways to stop migrants crossing the Channel in dinghies.