Company Overview
Snapshot
Founded in January 2008 by Ofer Vilenski and Derry Shribman, Hola operates with over 1,000 employees. The company has secured funding across 3 rounds from 8 investors, with Horizons Ventures notably leading one of its rounds. A significant milestone for the company was the acquisition of a majority stake in its enterprise proxy network division, Luminati, in August 2017.
Business overview
Hola is a VPN service provider specializing in solutions designed to enhance user experience. The company's core technology utilizes a social routing approach to accelerate internet access by caching content with peers, which also allows for a free service model due to reduced server costs. Hola provides online security and anonymity features, protecting users from ISP tracking, hacking, and enabling access to geo-restricted content. It serves global markets, operating within the Cyber Security and Media & Entertainment Technologies sectors, targeting both consumers and communication services.
Strategic signal
In August 2017, EMK Capital LLP acquired a majority stake in Luminati, Hola's enterprise proxy network division, valuing it at $200 million. This acquisition signals strong market validation for Hola's technology and business model, particularly its enterprise offerings. For investors, this demonstrates the potential for significant returns through strategic divestment of successful business units, while allowing Hola to potentially refocus on its core VPN services or other growth areas.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant corporate development for Hola in 2017?
- In August 2017, EMK Capital LLP acquired a majority shareholding in Luminati, Hola's enterprise proxy network division, at an enterprise value of $200 million. The founders of Hola Networks retained a significant stake.
- Which investors participated in Hola's Series C funding round?
- In September 2015, Hola secured a Series C funding round with participation from Iris Capital.
- Who led Hola's Series B funding round?
- In October 2012, Hola closed a Series B funding round that was led by Horizons Ventures, with participation from DFJ.
- When was Hola's initial funding round, and who were the investors?
- In July 2008, Hola (then known as Zon Networks) raised its Series A funding round with participation from.
- What was the reported user base for Hola in March 2017?
- In March 2017, Israeli startup Hola reported reaching 110 million users for its internet browser add-ons.