# Hugo funding: rounds and investors

> Hugo has raised $12M across 3 rounds since 2015. Investors include Vento and TMT Investments. Every round with its source.

Source: https://millionrounds.com/company/hugo (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Hugo*

3 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Consumer Apps

Funding summary Updated 26 Oct 2026

**$12M** raised across 3 rounds since 2015, from 3 sources

**$143K** Round **$230K** Grant **$12M** Series A

- **Latest round:** Series A, $12M May 2020
- **Step-up i:** 51.2×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2015 2016 2017 2018 2019 2020

**$143K** Round

**$230K** Grant

**$12M** Series A

- **First round:** Round, $143K
- **Biggest round:** $12M
- **Usual gap between rounds:** 4.8 years

## The rounds

- **May 2020** Series A **$12M** *2 new* [Vento](https://millionrounds.com/fund/vento) [TMT Investments](https://millionrounds.com/fund/tmt-investments) Source recorded
- **Jul 2015** Grant **$230K** No investor was named in the report. From a historical funding record
- **Feb 2015** Round **$143K** No investor was named in the report. From a historical funding record

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2015 **Grant** 2015 **Series A** 2020 [Vento](https://millionrounds.com/fund/vento) [TMT Investments](https://millionrounds.com/fund/tmt-investments)

## Everyone who backed them

[Vento](https://millionrounds.com/fund/vento) VC firm **1** round

[TMT Investments](https://millionrounds.com/fund/tmt-investments) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=hugo).

## Also claim to have backed them

This firm lists Hugo as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Gradient](https://millionrounds.com/fund/gradient-ventures) VC firm Per its own site

## Quick answers about Hugo

### Who invested in Hugo?

Hugo's investors include Vento and TMT Investments.

### How much has Hugo raised?

Hugo has raised $12M across 3 rounds since 2015.

### When did Hugo last raise?

Hugo's most recent round was a Series A of $12M in May 2020.

### What was Hugo's biggest round?

Its most recent round, $12M in May 2020, is also its largest on record.

### Who backed Hugo first?

Hugo's first round on record, in May 2020, was backed by Vento and TMT Investments.

### What stage is Hugo at?

Hugo's latest named round is a Series A, in May 2020.

### Where is Hugo based?

Hugo is based in the Netherlands.

## Companies like Hugo

In the same sector, and raised in the last eighteen months.

[**AirHub** $6.2M · Apr 2026](https://millionrounds.com/company/airhub)[**Sparqle** $1.8M · Feb 2026](https://millionrounds.com/company/sparqle)[**Deftpower** $15M · Aug 2025](https://millionrounds.com/company/deftpower)[**Firsty** $11M · May 2025](https://millionrounds.com/company/firsty)[**BASH** $1.5M · May 2025](https://millionrounds.com/company/bash)[**Mika Games** $10M · Oct 2026](https://millionrounds.com/company/mika-games)

## Find investors like these

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