HiHello, a Palo Alto CA-based digital business card platform, raised $7.5M in Series A funding.
The round was led by Foundry Group, with participation from Lux Capital, August Capital, Manu Kumar (Co-founder and Chief Executive Officer of HiHello), and the co-founders of Lyft, Everlaw, Auth0, Path/June, and Military.com. 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.
The company intends to use the funds to continue to grow its team and expand its business platform to support
companies of all sizes.
Founded in 2018, HiHello provides a software-as-a-service (SaaS) digital business card platform for individuals and businesses, which is focused on the end-user experience. The company previously announced a $2.5m round of seed funding in February 2019, led by August Capital, K9 Ventures, and TenOneTen Ventures. HiHello has seen growth—with users now spanning across 147 countries.
Kumar is an experienced entrepreneur, 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 pre-seed
venture capital fund. K9 has been an early investor in companies like Lyft (NASDAQ: LYFT), Twilio (NYSE:
TWLO), and Auth0, which was recently acquired by Okta (NYSE: OKTA).