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Hustle Raises $8 Million in Series A Funding to Change Communication

  • 13 August 2017
  • FoM Staff

The revolutionary one-to-one text messing platform, Hustle, has recently announced receiving $8 million in Series A funding, which was led by Social Capital, whose founder Chamath Palihapitiya is on the Hustle board.

“Hustle’s Series A is an important milestone in our mission to strengthen organizations by helping them scale genuine human relationships,” said Roddy Lindsay, Hustle’s Co-founder and CEO. “We are proud to deepen our relationship with all of our existing investors and bring in an incredible roster of traditional, strategic, and impact-driven investors, all of whom are excited to partner with Hustle in building a category-defining communications platform that drives positive impact in the world.”

About Hustle

Hustle was founded in 2014 but is best known for being the one-to-one texting platform that candidates Bernie Sanders and Hillary Clinton used during the 2016 presidential campaign season. They are also used by clients like Planned Parenthood and universities such as Amherst College. The firm has facilitated 38 million personal testing conversations among more than 25 million people in Australia, Canada, and the United States.

Palihapitiya said, “Hustle embodies a new kind of company that personalizes the approach organizations take to more effectively reach and advance their goals. We’re proud to continue our partnership with this talented team, and believe that their impact will scale dramatically as they enter new markets and create more personal relationships with employees, supporters, and customers.”

Investors

Social Capital is an investment firm based out of Palo Alto who lists their mission as “to advance humanity by solving the world’s hardest problems.” The firm participates in seed, early stage, and post IPO equity investments in the sectors of the consumer, enterprise software, education, healthcare, and financial services.

Canvas Ventures is a Portola Valley-based venture capital firm focusing on early-stage investments in technology companies.

Designer Fund is an angel group that offers seed and early stage venture investments.

Foundation Capital is a venture capital fund made of former entrepreneurs who build the firm to offer what they wanted as founders of businesses.

GSV Acceleration is a venture firm that invests in and partners with entrepreneurs whose companies are driving return on learning and talent, transforming the employment and learning sector.

Higher Ground Labs is a company that is “building an ecosystem for progressive political technology.”

Index Ventures is an international venture capital firm that backs entrepreneurs in the enterprise technology and consumer mobile and internet sectors.

Kapor Capital is a family investment office that offers investment to seed and early-stage startups in the education, software, and mobile sectors.

Matrix Partners is a venture capital firm based in California that works with companies in fintech, e-commerce, mobile, hardware, SaaS, and enterprise software.

New Media Ventures is a community of over 60 tech leaders, entrepreneurs, venture capitalists, politicos, and philanthropists. They invest in the finance, communities, and venture capital sectors.

Omidyar Network is an investment firm that offers seed, early-stage venture, late stage venture, and grant investments.

Salesforce Ventures invests in next-gen enterprise tech companies to help companies connect with customers in new ways.

Twilio is a cloud communication company enabling users to use web languages to build SMS, VoIP, and voice apps in a web API.

Funding Usage

Hustle is going to use the investment capital to build out its integrations and API platform. They also plan to expand their product offerings around event campaigns and fundraising. They hope to achieve ubiquity in the advocacy and political industry before the 2018 U.S. elections and grow their marketing and sales teams while expanding verticals.

Sources:

https://techcrunch.com/2017/08/02/hustle-texting/

http://martechseries.com/content-marketing/hustle-raises-8-million-series-funding-transform-one-one-communication/

https://news.impactalpha.com/75m-to-make-the-impossible-possible-hustle-hustles-diversity-dividends-indias-health-tech-race-accb07fcf33

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