About Hopae
Hopae is a company based in New York (United States) founded in 2022 by Ace Shim and Byungjoo Kim.. Hopae has raised $4.33 million across 3 funding rounds from investors including Korea Credit Guarantee Fund, SV INVESTMENT and Z Venture Capital. Hopae offers products and services including Hopae Identity Platform and Forgery Prevention Tool. Hopae operates in a competitive market with competitors including Evernym, Metadium, cheqd, Craftt and Verida, among others.
- Headquarter New York, United States
- Founders Ace Shim, Byungjoo Kim
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hopae Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.33 M (USD)
in 3 rounds
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Latest Funding Round
$2.2 M (USD), Debt – Conventional
Nov 20, 2024
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Investors
Korea Credit Guarantee Fund
& 4 more
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Employee Count
Employee Count
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Products & Services of Hopae
Hopae offers a comprehensive portfolio of products and services, including Hopae Identity Platform and Forgery Prevention Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides secure web-based identity verification for digital interactions.
Tools to detect and prevent identity forgery in transactions.
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Funding Insights of Hopae
Hopae has successfully raised a total of $4.33M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.2 million completed in November 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 3
- Last Round Debt – Conventional — $2.2M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Debt – Conventional - Hopae | Valuation |
investors |
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| Oct, 2024 | Amount | Seed - Hopae | Valuation | SV INVESTMENT | |
| Mar, 2024 | Amount | Seed - Hopae | Valuation |
investors |
| 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 Hopae
Hopae has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Korea Credit Guarantee Fund, SV INVESTMENT and Z Venture 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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Investments in tech startups are managed by SV Investment.
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Founded Year | Domain | Location | |
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Investments are made in innovative startups by Z Venture Capital.
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Founded Year | Domain | Location | |
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Investments are made by BonAngels in early-stage Asian tech companies.
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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 Hopae
| 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 - Hopae
| 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 |
Hopae Comparisons
Competitors of Hopae
Hopae 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 Evernym, Metadium, cheqd, Craftt and Verida, 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 |
A ledger-based platform for digital identity management is provided.
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| domain | founded_year | HQ Location |
Decentralized platform for digital identity management is provided.
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| domain | founded_year | HQ Location |
Provider of a platform offering self sovereign identity solutions
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| domain | founded_year | HQ Location |
An interoperable identity protocol is developed for the modern workforce.
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| domain | founded_year | HQ Location |
Blockchain-based personal data security solutions are provided for user control.
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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 Hopae
Frequently Asked Questions about Hopae
When was Hopae founded?
Hopae was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Hopae located?
Hopae is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Hopae?
Ace Shim is the current CEO of Hopae. They have also founded this company.
Is Hopae a funded company?
Hopae is a funded company, having raised a total of $4.33M across 3 funding rounds to date.
What does Hopae do?
Hopae was founded in 2022 in New York, United States, within the identity verification technology sector. Advanced solutions for digital interactions are developed, focusing on decentralized systems that enable secure handling of credentials. User control over personal data is facilitated, allowing online identity verification without centralized intermediaries. Operations center on blockchain-based technologies to enhance privacy and security in digital ecosystems.
What products or services does Hopae offer?
Hopae offers Hopae Identity Platform and Forgery Prevention Tool.
Who are Hopae's investors?
Hopae has 5 investors. Key investors include Korea Credit Guarantee Fund, SV INVESTMENT, Z Venture Capital, BonAngels Venture Partners, and 500 Global.