Tech Company Financing Transactions

Hugging Face Funding Round

Addition Capital, A.Capital Ventures and Betaworks invested in a $40 million Series B venture round for Hugging Face. The round was announced on 3/12/2021.

Transaction Overview

Company Name
Hugging Face
Announced On
3/12/2021
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series B
Investors

Addition Capital (Lead Investor)

A.Capital Ventures

Betaworks

private investors (Aghi Marietti)

private investors (Alex Wang)

private investors (Dev Ittycheria)

private investors (Florian Douetteau)

private investors (Kevin Durant)

private investors (Olivier Pomel)

private investors (Paul St. John)

private investors (Rich Kleiman)

private investors (Richard Socher)

Lux Capital (Brandon Reeves)

Proceeds Purpose
With the new funding round, the company plans to triple its headcount in New York and Paris -- there will be remote positions too. Interestingly, the company is also sharing some details about its bank account.

Company Information

Company Status
Private & Independent
Industry
Mobile
Mailing Address
Undisclosed
New York, NY 10001
USA
Phone
Undisclosed
Website
www.huggingface.co
Email Address
Not Recorded
Overview
Hugging Face develops an artificial intelligent friend. Hugging Face is a social AI who learns to chit-chat, talks sassy, and trades selfies with users.
Profile
Hugging Face LinkedIn Company Profile
Social Media
Hugging Face Company Twitter Account
Company News
Hugging Face News
Facebook
Hugging Face on Facebook
YouTube
Hugging Face on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Clement Delangue
  Clement Delangue LinkedIn Profile  Clement Delangue Twitter Account  Clement Delangue News  Clement Delangue on Facebook

 

 

Browse more venture capital transactions:

Prev: 3/12/2021: River Financial venture capital transaction
Next: 3/12/2021: CalciMedica venture capital transaction

 

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