About HyperConnect
HyperConnect is a company based in Seoul (South Korea) founded in 2014 by Yong Hyun Taek and Kangsik Jung was acquired by Match Group in February 2021.. HyperConnect has raised $10.6 million across 2 funding rounds from investors including Match Group, Altos Ventures Management and SBVA. HyperConnect operates in a competitive market with competitors including Matrix Industries, Cogniac, Hensoldt, Paltalk and Navtech Radar, among others.
- Headquarter Seoul, South Korea
- Founders Yong Hyun Taek, Kangsik Jung
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Sectors
Telecommunications
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hyperconnect Llc
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Annual Revenue
$211.53 M (USD)-6as on Dec 31, 2021
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Net Profit
$-22.58 M (USD)-256as on Dec 31, 2021
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EBITDA
$-25.93 M (USD)-241as on Dec 31, 2021
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Total Equity Funding
$10.6 M (USD)
in 2 rounds
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Latest Funding Round
$8.6 M (USD), Series B
Nov 17, 2015
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Investors
Match Group
& 2 more
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Employee Count
Employee Count
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Acquired by
Match Group
(Feb 09, 2021)
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Leadership Team
32 people
Legal and Compliance
27 people
Finance and Accounting
25 people
Sales and Marketing
24 people
Software Development Team
24 people
Product Management Team
16 people
Senior Team
13 people
Operations Team
6 people
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Funding Insights of HyperConnect
HyperConnect has successfully raised a total of $10.6M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8.6 million completed in November 2015. 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 B — $8.6M
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First Round
First Round
(25 Dec 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series B - HyperConnect | Valuation | SBVA | |
| Dec, 2014 | Amount | Seed - HyperConnect | Valuation | Altos Ventures Management |
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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 HyperConnect
HyperConnect has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Match Group, Altos Ventures Management and SBVA. 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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Early-stage companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage venture capital arm of SoftBank Group
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Founded Year | Domain | Location | |
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Provider of a leading provider of online dating services, offering a diverse portfolio of popular brands, including Tinder, Match.com, and OkCupid, with a focus on introducing new people and fostering meaningful connections
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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 HyperConnect
| 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 - HyperConnect
| 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 |
Hyperconnect Comparisons
Competitors of HyperConnect
HyperConnect 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 Matrix Industries, Cogniac, Hensoldt, Paltalk and Navtech Radar, 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.
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| domain | founded_year | HQ Location |
Smartwatches powered by body heat are developed using thermoelectric technology.
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AI-based platform is utilized for managing visual operations in businesses.
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Developer of integrated air surveillance radar for the military and defence industry
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Group video chat platforms are offered across multiple devices.
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Augmented radar systems are provided for airports and facilities.
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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 Hyperconnect
Frequently Asked Questions about HyperConnect
When was HyperConnect founded?
HyperConnect was founded in 2014.
Where is HyperConnect located?
HyperConnect is headquartered in Seoul, South Korea.
Is HyperConnect a funded company?
HyperConnect is a funded company, having raised a total of $10.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Dec 25, 2014.
What is the annual revenue of HyperConnect?
Annual revenue of HyperConnect is $211.53M as on Dec 31, 2021.
What does HyperConnect do?
HyperConnect was founded in 2014 in Seoul, South Korea, and operates within the mobile technology sector. Cloud-based platforms for communication and social entertainment are developed and provided, including HyperRTC for real-time peer-to-peer video messaging on iOS and Android, HyperML for deep learning-based image processing with optimized inference engines, HyperGraphics for mobile augmented reality graphics using computer vision, and Azar for user discovery, video calls, and messaging.
Who are the top competitors of HyperConnect?
HyperConnect's top competitors include Matrix Industries, Hensoldt and Texecom.
Who are HyperConnect's investors?
HyperConnect has 3 investors. Key investors include Match Group, Altos Ventures Management, and SBVA.
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