About HIPA
HIPA is a company based in Wuhan (China) founded in 2019 by Michael Chen was acquired by ByteDance in March 2022.. HIPA has raised $1.06 million across 3 funding rounds from investors including ByteDance, Yingdong Capital and Chuxin Capital. HIPA operates in a competitive market with competitors including Appian, Bubble, OutSystems, AppSheet and Builder, among others.
- Headquarter Wuhan, China
- Founders Michael Chen
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of HIPA
HIPA has successfully raised a total of $1.06M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(01 Apr 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series A - HIPA | Valuation |
investors |
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| Dec, 2020 | Amount | Seed - HIPA | Valuation | Chuxin Capital |
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| Apr, 2020 | Amount | Seed - HIPA | Valuation | Yingdong Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HIPA
HIPA has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include ByteDance, Yingdong Capital and Chuxin Capital. 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 |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments in technology sectors
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Founded Year | Domain | Location | |
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Short-form video and content discovery platforms are developed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HIPA
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HIPA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hipa Comparisons
Competitors of HIPA
HIPA 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 Appian, Bubble, OutSystems, AppSheet and Builder, 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 |
Cloud-based low-code platform enables application development and automation.
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| domain | founded_year | HQ Location |
Cloud-based no-code platform for web application development is utilized.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| domain | founded_year | HQ Location |
Mobile apps are built automatically from spreadsheets without coding.
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| domain | founded_year | HQ Location |
AI-powered low-code platform for application development is provided.
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| domain | founded_year | HQ Location |
Mobile device management and enterprise integration platforms are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hipa
Frequently Asked Questions about HIPA
When was HIPA founded?
HIPA was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is HIPA located?
HIPA is headquartered in Wuhan, China. It is registered at Wuhan, Hubei, China.
Is HIPA a funded company?
HIPA is a funded company, having raised a total of $1.06M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.06M, raised on Apr 01, 2020.
What does HIPA do?
HIPA was founded in 2019 in Wuhan, China, as a provider of no-code tools for building enterprise applications. The platform enables codeless development through features such as table views for sorting, filtering, and data visualization, alongside automatic chart generation, data associations, and aggregate functions. Clients including WisdomGarden and Tower utilize these services in the software development sector.
Who are the top competitors of HIPA?
HIPA's top competitors include Appian, Bubble and OutSystems.
Who are HIPA's investors?
HIPA has 3 investors. Key investors include ByteDance, Yingdong Capital, and Chuxin Capital.