HYLA, Inc.
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HYLA, Inc. - overview
Established
2009
Location
Farmers Branch, TX, US
Primary Industry
Environmental Services
About
HYLA, Inc. is a technology-driven company specializing in mobile device protection and support services, enhancing customer experiences by offering tailored solutions across various sectors. Founded in 2009 and headquartered in Farmers Branch, US, HYLA, Inc. focuses on mobile device protection services.
The company was acquired by Assurant, Inc. in October 2020 for USD 325 mn. CEO Biju Nair leads the firm, which has engaged in 7 deals to date, with the latest deal occurring on October 28, 2020. HYLA, Inc.
provides a comprehensive range of mobile device protection programs, including mobile device insurance and tech support services. Their offerings are aimed at enhancing customer loyalty and addressing the diverse needs of clients such as retailers, financial institutions, and consumers throughout the device lifecycle. HYLA, Inc. generates revenue primarily through B2B partnerships and direct-to-consumer sales, focusing on subscription-based models for mobile device insurance and related services.
Their revenue includes transactions with retailers and financial institutions, but specific pricing details are not publicly disclosed. Following the acquisition by Assurant, Inc. in October 2020, HYLA, Inc. plans to leverage the resources for expanding its product offerings and entering new markets.
Future initiatives include the launch of innovative mobile protection solutions targeting the North American market by late 2023. The recent funding will support these expansions and enhance service delivery.
Current Investors
Kleiner Perkins, SJF Ventures, OpenAir Equity Partners
Primary Industry
Environmental Services
Sub Industries
Recycling
Website
www.hylamobile.com
Verticals
Clean Technology
Company Stage
Acquired
Total Amount Raised
Subscriber access only
HYLA, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Flipswap Services, LLC | - |
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