Hofy runs a platform that handles corporate equipment orders, shipments, rentals, repairs/loaner devices and remote device wipe/collection for remote hires. The service integrates with HR systems to enforce budgets and policies and offers an API for HR vendors; one early integration partner is Deel. Hofy converts upfront capital expenditures into a managed operational expense by renting equipment and claims early “low-six-figure” revenue, though the CEO declined to disclose current revenue. The company says it is cash-flow positive after moving to that operating model in early 2022. Hofy began in the U.K. and is now available in 110 countries, and it competes with startups like Fleet and consultancies like Allwhere. Planned use of new funding includes expanding service to more countries and growing its suite of IT services. The company plans to grow its team from 95 to 120 employees by year-end.

Total raised

$15M

Funding rounds

1

Latest round

Series B

Latest activity

Sep 2022