Backed by $15.2 million in funding, Hofy offers a one-stop solution for companies to efficiently set up their employees to work from home.
Hofy, a platform that enables companies to easily provide and manage physical equipment for remote employees anywhere in the world, announced its official launch out of stealth with $15.2 million in funding from Stride.VC, Kindred Capital, Activum SG Ventures, TrueSight Ventures, 20 VC, Day One Ventures and a roster of angel investors including Ed Lando and Azeem Azhar.
With 1 in 3 remote workers stating they’d change jobs if forced to return to the office, offering a competitive remote work program is more important now than ever. Hofy is the most advanced one-stop tech solution available, giving companies an efficient way to set up their new remote hires for productive work at home and manage the equipment lifecycle thereafter. Ensuring employees have a smooth, personalized onboarding process and enjoyable first day experience is key to retention; Hofy makes it effortless.
Hofy’s software integrates into most HRIS platforms and enables companies to easily rent, install, manage and recover hardware including laptops, chairs, desks, keyboards, printers, monitors and more for their remote team members – no matter where in the world they’re located. Through Hofy, getting a new hire their laptop and any other equipment they may need to ensure a productive, compliant work setup is as easy as inviting a colleague to Slack. People teams spend just 15 seconds onboarding a new hire on Hofy, compared to 3.5 hours for domestic hires and up to 6 hours for international hires.
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“Improving the remote employee experience is vital to building the workplace of the future” said Hofy CEO and cofounder Sami Bouremoum. “The world has shifted from a myriad of local talent pools into a single, increasingly competitive global talent pool. Hofy makes it easy for companies to onboard new hires anywhere in the world by setting up their home offices in just a few clicks – ensuring they feel as excited for their first day, ergonomically comfortable, and productive working remotely as they would in a traditional office, no matter where they’re located.”
Hofy is 10-20x cheaper per head than the cost of office space in most major cities, and startups can save up to 25% on equipping new hires when accounting for the cost of the product, taxes and the time required to deploy, maintain and recover the equipment. Ideal for high-growth startups with 50-1,000+ employees, Hofy has already helped dozens of companies onboard new hires in 55 countries. In the last 6 months alone while operating in stealth, Hofy has grown its revenue by 10x and increased its customer base by more than 300% in response to increasing demand for remote work environments.
Companies that sign up for Hofy pay a monthly subscription fee to designate budgets and equipment policies for teams, then invite employees and new hires to the self-serve platform where they have the freedom to select their own equipment. Administrators can opt to auto-approve equipment for a no-touch ordering process, or audit every request on the platform. Hofy will then configure IT equipment and deliver and install furniture within 5 working days–ensuring new hires are ready to hit the ground running on day one and providing a seamless process for all team members. Hofy can also brand boxes with any company’s logo and include welcome packs with equipment deliveries for a tweet-worthy unboxing experience.
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“Remote, hybrid and distributed work is here to stay and organizations need scalable ways to attract and retain the best talent who demand flexibility,“ said Fred Destin, founder at Stride.VC. “Any business wanting to succeed in the global economy needs to be able to attract global top talent, and in order to do so they can no longer offer a second-class experience to employees outside of the Bay Area or London. Hofy democratizes the employee experience and delivers a memorable first day on the job for everyone, which has a huge impact on culture, productivity and compliance.”
Managing a fleet of workstations is very time and capital intensive; shipping a laptop can cost hundreds of dollars and it can take hours to navigate the tax compliance and tariffs associated with shipping equipment to other countries. Hofy manages every aspect of the equipment disbursement process, turning hours of manual work into seconds for companies.
Current Hofy customers with remote employees across the U.S. and Europe include Form3, Impala, the NHS, Storyblok, Frontier and Attest, among others. With an on-time delivery rate of 99% and a slew of rented products available to suit a range of budgets, Hofy has not seen a single customer churn. Hofy’s monthly rental model is especially attractive to companies, transforming what was once bloated, upfront capital expenditure into manageable operational expenses.
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