Read Time37 Second
Hourly.io — which has built an app that tracks working hours, generates payroll, and then calculates and assigns workers compensation insurance to individuals based on that — has closed in on $27 million in funding.
Hourly.io is based out of the U.S. — Palo Alto to be exact — but it has strong Israeli roots in the form of co-founders Israel transplants Tom Sagi and Shay Litvak, and that is following through also in the VCs backing it. Glilot Capital Partners is leading the round, with S Capital (an Israeli fund headed by former partners of Sequoia), Vintage Investment Partners and J-Ventures also participating. S Capital also led Hourly’s $7.2 million seed round in 2019.
