About HeyGen
HeyGen is a company based in Los Angeles (United States) founded in 2020 by Wayne Liang and Joshua Xu.. HeyGen has raised $65.6 million across 2 funding rounds from investors including Benchmark, Thrive Capital and Dylan Field. The company has 6 employees as of December 31, 2023. HeyGen operates in a competitive market with competitors including Synthesia, Pika Labs, Unscript, Kapwing and Elai.io, among others.
- Headquarter Los Angeles, United States
- Employees 6 as on 31 Dec, 2023
- Founders Wayne Liang, Joshua Xu
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Heygen Technology Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$65.6 M (USD)
in 2 rounds
-
Latest Funding Round
$60 M (USD), Series A
Jun 20, 2024
-
Investors
Benchmark
& 7 more
-
Employee Count
6
as on Dec 31, 2023
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of HeyGen
HeyGen has successfully raised a total of $65.6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $60 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $60.0M
-
First Round
First Round
(29 Nov 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - HeyGen | Valuation | Benchmark | |
| Nov, 2023 | Amount | Series A - HeyGen | Valuation | Conviction , Benchmark |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HeyGen
HeyGen has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Benchmark, Thrive Capital and Dylan Field. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments are offered to promising startups.
|
Founded Year | Domain | Location | |
|
Early-stage technology startups are invested in by Thrive Capital.
|
Founded Year | Domain | Location | |
|
Early-stage investments are provided to transformative technology companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by HeyGen
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - HeyGen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Heygen Comparisons
Competitors of HeyGen
HeyGen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Synthesia, Pika Labs, Unscript, Kapwing and Elai.io, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based dubbing and subtitling solutions are provided for video content.
|
|
| domain | founded_year | HQ Location |
Developer of a platform for creating and interacting with digital art
|
|
| domain | founded_year | HQ Location |
Videos are generated from scripts via AI algorithms.
|
|
| domain | founded_year | HQ Location |
Video creation and editing platform
|
|
| domain | founded_year | HQ Location |
Videos from text are generated via AI-powered SaaS platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Heygen
Frequently Asked Questions about HeyGen
When was HeyGen founded?
HeyGen was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is HeyGen located?
HeyGen is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of HeyGen?
Joshua Xu is the current CEO of HeyGen. They have also founded this company.
Is HeyGen a funded company?
HeyGen is a funded company, having raised a total of $65.6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5.6M, raised on Nov 29, 2023.
How many employees does HeyGen have?
As of Dec 31, 2023, the latest employee count at HeyGen is 6.
What does HeyGen do?
AI-powered video creation platform. It enables users to create videos with avatars and streamline the video creation process. Features include text-to-speech, pitch, volume, emotion, pronunciation, and more.
Who are the top competitors of HeyGen?
Who are HeyGen's investors?
HeyGen has 8 investors. Key investors include Benchmark, Thrive Capital, Dylan Field, Elad Gil, and Neil Mehta.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.