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Hourly

Hourly

Private
Palo Alto, CaliforniaFinTechhttps://www.hourly.io/

Last Round

M&A

Jul 16, 2025

Est. Valuation

$53M

Total Funding Raised

$41.3M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Hourly is an insurtech company that provides a platform integrating payroll, time tracking, and workers' compensation insurance for small and medium-sized businesses with hourly workers.

Sector

FinTech

Verticals

HR, InsurTech, Accounting & Expense, Workflow Automation

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting

AI Layer

Non-AI

Keywords

payroll softwareworkers' compensationinsurtechpay-as-you-go insurancetime and attendancepayroll automationSMB payrollworkforce managementmanaging general underwriterMGUembedded insurancesmall business insurancedigital insurancepayroll platformautomated premiums

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Hourly Comps

Public and private peers based on sector, stage, and business model.

Hourly comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Hourly Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
M&AJul 16, 2025
Series AJun 1, 2022
SeedDec 18, 2019
SeedSep 1, 2019

Key People

Founding team and executive leadership

Tom S.

Co-founder And CEO

Founding Team

Sonia Faruqi

COO

Executive Team

Hourly Investors

Notable investors and investment history

Hourly investors
InvestorRounds
MS&AD VenturesM&A, Series A
S Capital VCM&A, Series A, Seed
J VenturesSeed, M&A, Series A
Vintage Investment PartnersM&A, Series A
Glilot Capital PartnersM&A, Series A
Inovia CapitalSeed
Sienna Investment ManagersSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 1, 2026

    85%+ retention for clients using both payroll and workers' comp products.

  • May 2, 2025

    Added The Tailored Closet®, LLC as a customer.

Hourly Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Hourly Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Hourly's valuation, stock price, and market status.

Firmographic Details

HeadquartersPalo Alto, California
Employee Range129
Year Founded2018
Last FundingJul 16, 2025

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