Hiphops raises $650K pre-seed round
by Johnii Stockks Hello to allHiphops raises $650K pre-seed round, co-led by firstminute Capital
& Seedcamp to automate how code is released
● Hiphops automates release admin getting features into
customers hands quicker without sacrificing control or quality
● Hiphops is designed to meet the security requirements of even the most
regulated industries such as Fintech, Insurtech and Crypto
● Hiphops first users include a US Fintech Unicorn and a multinational insurer
LONDON, 13 June 2022. Hiphops, which automates the complex business of releasing code,
is emerging from stealth today and announcing a $3.5 million pre-seed round
co-led by firstminute Capital & Seedcamp with participation from Tiny VC,
RLC Ventures, and prominent Angel investors such as Matt Robinson, Will Neale,
and Jack Kleeman.
Hiphops is addressing a huge pain point in software development today, which is
releasing code. Often code that takes days to write can take weeks or even
months to go live due to byzantine release processes, particularly for very
regulated industries such as banks. Hiphops is a low-code SaaS that automates
reviews, release notes and crucially provides the ability to understand the
impact of a software change to save time and money across a business.
Tom Manterfield, Hiphops CEO, encountered this problem throughout his career
building neo banks and leading digital transformation at multi billion dollar
companies, where he repeatedly ran into this huge bottleneck remaining in the
software development process.
“Despite the massive
improvements and efficiencies in coding we’ve seen over the past few years,
once code is finished there’s still a painful amount of effort required before
it’s in the customers hands.”
He adds: “Hiphops saves
engineering teams time and money by automating away the manual effort that
exists between code complete and code delivered, starting with ML change
analysis, automated labelling and automated approvals. All tech teams have experienced
the frustration of having finished the code but not the job ”
Michael Stothard from firstminute capital, a $315 million European seed fund
which is backed by 120 unicorn tech founders, said: “We invest in founders
who are committed to building a solution to a problem that they’ve lived and
that so the Hiphops team and story resonated with us. Freeing tech teams
from manual effort means that more tech can be delivered faster and with more
control. HipHops can define a whole new category in software development.”
Kate McGinn
from seedcamp said: “Hiphops helps companies reduce their risk, increase control
and aintain speed of code release so
that developers can spend more of what they love: build products. We are
thrilled to back Tom, Michelle, and Yang as they embark on this vision.”
Hiphops
was founded by Manterfield alongside Yang Li and Michelle Arnold. Li has
survived an IPO and two acquisitions, as CGO he successfully helped Ziglu grow
to 100,000 customers in the first year and raise £20M in funding. Yang is one
of the 2021 Forbes 30 under 30 cohort. Arnold listed a Bank on Nasdaq and has
led and scaled operations, communications and sales in successful startups. She
was COO of Ziglu at launch, which has just been acquired by Robinhood.
Notes to
editors
Media Contacts
Name |
Company
|
Contact
details |
Tom
Manterfield |
tom@hiphops.io
+44
7415 066 764 |
|
Yang Li
|
Hiphops
|
yang@hiphops.io
+44
7475 087 295 |
Michelle
Arnold |
Hiphops
|
michelle@hiphops.io
+44
7412 345 844 |
Michael
Storthard |
Michael@firstminute.capital |
|
Kate
McGinn |
kate@seedcamp.com |
|
Reece
Chowdhry |
reece@rlc.ventures |
About HipHiops
Hiphops
saves engineering teams time and money by automating away the huge manual
effort that exists between writing code and getting that code live. Hiphops
automatically tracks, analyses, categorises and automates all software releases
with our out of the box automations, 97% accurate ML pipeline and ability to
operate with metadata access only. Founded by software engineer Tom Manterfield
as well as Yang Li and Michelle Arnold, it is a one stop tool so teams can
spend more time writing code and less on the admin of getting it live. Hiphops
has raised funding from venture capital firms including firstminute capital and
Seedcamp as well as angels such as Matt Robinson, Will Neale, and Jack Kleeman
Website: https://www.hiphops.io/
Video
introduction: https://www.hiphops.io/demo
About firstminute capital
firstminute
Capital is a $315m AUM venture fund, investing in seed stage tech companies. firstminute
is sector agnostic and invests across the UK, Europe and the US. Backed by over
120 unicorn founders and founded by Brent Hoberman (founder of lastminute.com,
made.com, Founders Forum) and Spencer Crawley (Goldman Sachs, DMC Partners) in
2017, firstminute has invested in over 100 companies.
https://www.firstminute.capital
About Seedcamp
Seedcamp is
Europe's seed fund, identifying and investing early in world-class founders attacking
large, global markets and solving real problems using technology. The Seedcamp Nation
includes over 430 startups building breakout businesses that change the way
people live, interact and buy and includes publicly listed UiPath, Wise, and
unicorns Revolut, Hopin, Sorare, Pleo, wefox, Grover and viz.ai along with
fast-growing businesses such as Ezra, THIS and Synthesia. Seedcamp fast-tracks
a founder's vision and creates value through immediate access to smart capital,
a lifelong community of support, and a global network built upon more than a decade's
experience backing exceptional talent.
http://www.seedcamp.com
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