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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 10%

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

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Hourly Comparables

Compare Hourly with similar companies based on industry and business-model similarity.

Hourly comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Fingercheck
82%
OnPay
81%
Homebase
77%

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

CFO and 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.

  • Aug 21, 2026

    Monthly visitors increased 51% MoM, reaching 63,000.

  • Mar 1, 2026

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

Hourly Filings

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Hourly filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Firmographic Details

HeadquartersPalo Alto, California
Employee Range71
Year Founded2018
Last FundingJul 16, 2025

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