Hourly

Hourly

Private
Palo Alto, CaliforniaEnterprise Softwarehttps://www.hourly.io

Last Round

Series A

Jun 1, 2022

Total Funding Raised

$34.15M

Company Overview

Hourly is a compensation insurance and payroll services company that provides a platform to help small and medium business owners manage, pay, and protect their hourly workers through worker's compensation insurance and comprehensive payroll solutions, including real-time tracking of premiums and labor costs.

Sector

Enterprise Software

Verticals

InsurTech, HR, Accounting & Expense

Business Model

B2B

Customer Profile

Subscription SaaS, Marketplace Commission

AI Layer

Application

Keywords

workers' compensation insurancepayroll platformpay-as-you-go workers' comppaygo workers' compintegrated payroll and workers comptime trackingSMB payrollhourly worker payrollinsurtech platformpayroll softwaremanaging general underwriterMGUmobile time trackingGPS time trackingHR support

Historical Pricing

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Caplight Momentum Score

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Hourly Comps

Public and private peers based on 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

RoundDateAmount RaisedValuationInvestorsSources
Series AJun 1, 2022
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

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.

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 Range125
Year Founded2018
Last FundingJun 1, 2022

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