Group Networking Platform, hOp, Secures $8 Million in Collection A Funding

Group platform hOp, constructed to decentralize social networking and foster genuine group, introduced as we speak that they’ve raised $8 million in Collection A. The spherical was led by Neil Ramsey of Qubit PE.

“The time for genuine group is now, the way in which ahead is decentralized, vertical-based group, and these guys are doing it.”

“hOp’s strategy to a decentralized social platform goes to revolutionize the way in which we create group for the higher.” – Neil Ramsey, Collection A Lead Investor

Since its launch in 2015, hOp has pioneered Social Networks-as-a-Service (SNaaS) by connecting residents within the multifamily actual property market, offering a platform for condominium residents to attach, ask for favors, swap items, vote on group issues and extra. Inside this mannequin, hOp additionally offers native companies with free, in-app promoting alternatives proven to close by app customers. In 2020, hOp introduced API integrations with three main property administration softwares: Yardi, RealPage, and Entrata, offering an much more impactful resolution for residential condominium managers. 

“We’re energized by this help to assist extra folks achieve the instruments to facilitate and measure genuine group.” – Chris Peifer, Co-Founder/CEO

hOp plans to place this spherical of funding to make use of by investing of their mental property with the submitting of extra patents (of which there are at present three), pursuing a hiring objective to extend their workforce by 50% by the tip of 2021, and increasing the variety of hOp powered social networks by way of a number of strategic distribution relationships.   

The corporate beforehand raised a number of rounds of Seed capital, which brings the overall raised to only over $19 million. 

About hOp

Based in 2015, hOp is a Group-as-a-Service platform the place your message is heard and your group is secure. hOp offers a personal social community the place group members join with their neighbors and native retailers with out disclosing private identifiable data. Our mission is to provide the possession of group again to the individuals who constructed it. 

We offer your members with natural avenues to change into invested locally you have curated by serving to one another; we name it a hOp. Entry thoughtfully curated analytics and insights to drive deeper, extra significant group participation by leveraging our community-building consultants and automatic instruments. 

With every hOp, we flip constructive experiences into constructive opinions, study what motivates and excites your group, and aid you retain your members by turning them into group advocates.

Anna Epps, Sr. Advertising and marketing Strategist at hOp

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Supply: hOp