FundedIQ
Blockchain Services

HUG: Funding, Investors & Team (Sep 2026)

HUG is a platform that facilitates the sale of digital and physical products from artists to potential buyers. It connects artists, particularly those who are from underrepresented groups, to collectors through a decentralized community selection process. HUG also provides educational and advisory services to creative business owners and aspiring Web3 startups.

thehug.xyz LinkedIn New City, United States 11-50 employees
Blockchain Service Industry B2C Advisory and cryptocurrency
Total raised
$5.0M
Rounds
1
Latest
Seed
Apr 2023

HUG has raised $5.0M across 1 funding round on record, the most recent a Seed of $5.0M announced in Apr 2023.

That round is in line with the $5.2M median round size for Blockchain Services companies tracked on FundedIQ over the last two years.

HUG Company Profile and Key Stats

Total funding raised
$5.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Seed
$5.0M in Apr 2023
Employees
11-50
reported band
Headquarters
New City, United States

Latest funding round on record: Apr 2023.

HUG Funding Rounds

Date
Round
Amount
Seed
$5.0M

HUG Founders and Leadership Team

Name
Role
Contact
Richard Doig
CEO

No contact details are on record for this team yet.

HUG Funding Compared to Other Blockchain Services Startups

Segment
Companies
Median round
29,722
$7.5M
16,485
$3.1M

HUG's latest round of $5.0M is in line with the median round in Blockchain Services. Medians cover the last 24 months of disclosed rounds.

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HUG Funding FAQs

What does HUG do?

HUG is a platform that facilitates the sale of digital and physical products from artists to potential buyers. It connects artists, particularly those who are from underrepresented groups, to collectors through a decentralized community selection process. HUG also provides educational and advisory services to creative business owners and aspiring Web3 startups.

How much funding has HUG raised?

HUG has raised $5.0M across 1 round on record. The most recent is a Seed of $5.0M announced in Apr 2023.

When did HUG last raise funding?

HUG's most recent funding round on record is a Seed of $5.0M, announced in Apr 2023.

Who is the CEO of HUG?

Richard Doig is listed as CEO at HUG.

Where is HUG headquartered?

HUG is based in New City, New York, United States.

How many employees does HUG have?

HUG is in the 11-50 employee band.

How does HUG's funding compare to other Blockchain Services startups?

HUG's latest round of $5.0M is in line with the $5.2M median round size for Blockchain Services companies on FundedIQ across 10 tracked companies over the last two years.

About FundedIQ's HUG Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for HUG is left off this page rather than filled in.

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