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Hourly
Palo Alto, US · Founded 2019 · Delaware corporation · 127 employees on LinkedIn · 15 known investors
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Hourly is a platform that combines payroll, time tracking, HR, and workers' compensation insurance in one system, using real-time wage data to keep insurance premiums accurate. It serves business owners with hourly and blue-collar workforces across industries such as construction, logistics, manufacturing, and hospitality.
Founders & leadership
Hourly was founded in 2019 by Shay Litvak, Tomer Sagi, and Tom Sagi.
Board
Investors · 15
How we know: Glilot Capital Partners's portfolio page · a partner's Signal profile · board seat on SEC Form D · funding news · Not right? Tell us
How we know: J-Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: MS&AD Ventures's portfolio page · funding news · Not right? Tell us
How we know: Sienna Venture Capital's portfolio page · Not right? Tell us
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How we know: press coverage · Not right? Tell us
How we know: a partner's Signal profile · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: a partner's Signal profile · Not right? Tell us
How we know: a partner's Signal profile · board seat on SEC Form D · the VCSheet dataset · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: press coverage · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$34.1M disclosed across 2 rounds · 2019–2022
▶$27MraisedMay 2022 · 13 investors · Other TechnologyRule 506(b)
- Tal SagiExecutive Officer, Director
- Amir FaintuchDirector
- Shay LitvakExecutive Officer, Director
- Haim SadgerDirector
- Lior LitwakDirector
- Tomer SagiExecutive Officer, Director, Promoter
- Offering amount
- $30M
- Amount sold
- $27M
- First sale
- Apr 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$7.2MraisedSep 2019 · 23 investors · Other TechnologyRule 506(b)
- Tomer SagiExecutive Officer, Director, Promoter
- Tal SagiDirector
- Shay LitvakExecutive Officer, Director
- Haim SadgerDirector
- Aiala PeterburgDirector
- Amir FaintuchDirector
- Offering amount
- $7.2M
- Amount sold
- $7.2M
- First sale
- Sep 2019
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Hourly offers an integrated platform that brings together payroll, time tracking, HR and workers' compensation insurance in a single system. Time, task and location data is collected from workers as work happens and relayed to the employer in real time, and payroll is run by reviewing recorded hours and approving payment.
The workers' compensation component is connected to payroll and time tracking so that premiums are calculated from real-time wage data on a pay-as-you-go basis, with the stated aim of eliminating estimation and end-of-period billing surprises. Employers can integrate existing workers' comp coverage through their insurance agent so that billing is automatic.
Business model
Hourly provides employer-facing software for payroll, time tracking and HR, coupled with workers' compensation insurance whose billing is driven by payroll data; coverage can be arranged through the employer's insurance agent.
Traction
The company states it provides payroll and workers' compensation insurance for more than 500 businesses and cites an average customer rating of 4.8 out of 5 across Capterra, Google and G2.
▸Full profile — market position, technology, go-to-market
Market position
Rather than treating insurance and payroll separately, Hourly ties workers' compensation premiums directly to real-time wage and hours data, so employers pay for the coverage actually used instead of relying on estimated payroll figures.
Technology
The platform captures time, task and location data from workers as it occurs and streams it to employers, then feeds that real-time wage data into workers' compensation premium calculation and payroll processing.
Go-to-market
Sales run through the company website via free trial sign-up and demo requests, with workers' comp coverage integrated in cooperation with the customer's insurance agent. Customer ratings are cited from Capterra, Google and G2.
Business owners employing hourly and field workforces, including construction and trades (electricians, plumbers, masons), maintenance and repair (elevators, HVAC, building systems), transportation and logistics, manufacturing, landscaping, sanitation, food service, and energy services.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
2 people who came through Hourly went on to found or lead other companies.
Related companies · 10
Companies working in the same space as Hourly.
Legal entities · 1
corporate structureIn the news
▸Research sources · 1
primary sources listed
- Hourlyhourly.io · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hourly do?
- Hourly links payroll, time tracking, HR and workers' comp insurance so premiums track real-time wage data.
- Who founded Hourly?
- Hourly was founded by Shay Litvak, Tomer Sagi, Tom Sagi in 2019.
- Who are Hourly's investors?
- Hourly's investors include Evolution Ventures, Glilot Capital Partners, J-Ventures, MS&AD Ventures, Sienna Venture Capital, B Capital Group, Coinbase Ventures, Commerce Ventures and 7 more.
- How much funding has Hourly raised?
- Hourly has disclosed $34.1M raised across 2 rounds.
- Where is Hourly headquartered?
- Hourly is headquartered in Palo Alto, US.