Hugo Raises $6.1M in Seed Round of Financing to Realize Productive Remote Meetings

HR Tech Outlook | Thursday, April 30, 2020

Fremont, CA: Hugo, a San Francisco, CA-based connected meeting notes platform, launched $6.1M in a seed round of financing led by Gradient Ventures, Google's AI-focused investment fund with participation from Slack Fund, Founder Collective, and Entrée Capital. Hugo intends to use the proceeds of the round to serve its rapidly growing list of clients, expand its global team, and accelerate product development of new features that support customers with more of their meeting workflow.

"The most important conversations and decisions in every business come from meetings," said Darian Shirazi, general partner at Gradient Ventures. "As the world embraces new models for working remotely, Hugo is building an intelligent source of truth for meeting alignment and collaboration. Whether you're in sales, support, finance, or strategy, Hugo keeps teams in sync by centralizing meeting insights and automating outcomes through smart integrations to other best-in-class collaboration tools."

"Meetings are an untapped source of team discussion, decision-making, and progress," added Jason Spinell, who invests and manages the Slack Fund. "The market is hungry for tools that help teams turn meetings into an opportunity for collaboration – especially in a world where remote work is so prolific. Just as Slack connects us to our colleagues and tools through an innovative, collaborative interface, Hugo does the same with meeting notes. We believe Hugo will quickly become the go-to solution for organizations that want their teams to be more aligned and their meetings more productive."

Top 10 Employee Communication Solution Companies - 2019Each year, unproductive meetings cost an estimated $37 billion. Hugo transforms this situation by bringing the customer’s calendar, chat, and productivity apps into the note-taking experience for their teams, changing meeting insights into action through integrations with more than 20 apps, including Asana, Jira, Salesforce, Slack, and Zoom. Since its inception, the company has powered hundreds of thousands of meetings for some of the world's best-known organizations, including Adobe, Dropbox, Netflix, Shopify, Spotify, and Twitter.

"We're in a meeting-driven world. Team agendas and notes that sync with our calendars have shifted the way we work towards being super organized, diligent, and, most importantly, connected," said Nick Valluri, strategic alliances manager at Zapier. "That's not only great for efficiency, but also from a culture standpoint since meetings are at the core of transparency and teamwork."

"The way we meet dictates the way we work," said Josh Lowy, CEO and co-founder of Hugo. "Everyone already plans for and takes notes in meetings. Hugo supercharges that behavior for better alignment and productivity, especially when we can't all be in the same room. We are looking forward to the next phase of Hugo's growth – powering meetings that help teams work better together."

See also: Top HR Tech Companies

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