17hats raises USD4M in Series A funding

17hats said it has raised USD4 million in Series A funding, led by Wavemaker Partners with participation from other prominent private investors.

This new round of financing will enable 17hats to expand development, marketing and education.

17hats is a cloud-based application that combines everything solopreneurs, freelancers and microbusinesses need to manage their business in one, easy-to-use system. From booking clients, to managing projects, to controlling finances, 17hats simplifies and automates core business processes.

The platform automates tedious repetitive administrative tasks and saves entrepreneurs from the costs and difficulties of juggling multiple business apps.

Since launching in October 2014, 17hats has grown to serve 10,000 paying customers.

17hats is cloud-based all-in-one business management solution built for solopreneurs, freelancers and microbusinesses. 17hats provides a single hub for email communications, quotes, contracts, project management, bookkeeping and more so that entrepreneurs can follow their passion instead of fumble with multiple tools. Designed to eliminate busywork, the platform also simplifies repetitive tasks with templates and automated workflows. The company is based in Pasadena, California.

Wavemaker Partners is an early-stage, cross-border venture capital firm with dual headquarters in Los Angeles and Singapore. Since 2003, it has invested in more than 180 Internet, mobile and enterprise technology startups. Wavemaker Partners is a member of the Draper Venture Network, the world´s leading venture capital collective with 10 firms spread across 4 continents.