Hoop Raises $5M in Seed Funding to Enhance AI-Powered Task Management Platform
Hoop aims to transform how professionals manage their daily tasks by integrating AI to automate task capturing and updating.
Company Name: Hoop
Location: NYC, NY
Sector: Productivity Software, Artificial Intelligence
Funding Details: Raised $5M in Seed funding. The investment round was led by Index Ventures, with participation from Origin Ventures, Divergent Capital, and Chingona Ventures. Notable individual investors include Wade Foster (CEO of Zapier), Job van der Voort (CEO of Remote), Andy Dunn (former CEO of Bonobos), Annie Duke (first woman to win the World Series of Poker), Maria Katris (CEO/Co-founder of BuiltIn), Maggie Adhami-Boynton (CEO/Co-founder of ShopThing), Jay Simons (former President of Atlassian), and Sean Harper (CEO/Co-founder of Kin).
Purpose of Investment: To enhance the platform's AI capabilities, expand integrations with other tools, and develop new collaborative features.
Leadership: Led by Stella Garber, Brian Schmidt, and Justin Gallagher.
Product: Hoop offers an AI-powered task management platform designed to streamline workflow for professionals. The platform features an adaptive to-do list that automatically captures and updates tasks from various communication and collaboration tools such as Slack, Zoom, Google Meet, and email.
About Company: Hoop aims to transform how professionals manage their daily tasks by integrating AI to automate task capturing and updating. This approach minimizes the need for manual input and helps users focus on completing tasks rather than organizing them.