Hyperlounge, a Seoul, South Korea-based business management and data analytics SaaS platform, raised $8 million in Series A investment.

The funding round was led by Altara Ventures, with participation from FuturePlay, StoneBridge, BA Partners, RyuKyung PSG, and Nextrans; UClick joined the funding round as a strategic investor.

“Ultimately, Hyperlounge plans to grow beyond being a business analysis platform to establishing itself as an essential partner in digital transformation for global businesses through the utilization of extensive management data to maximize companies’ competitiveness,” Hyperlounge, Co-Founder and Chief Executive Officer, Jungin Kim said. 

Since its market launch in February, Hyperlounge has rapidly secured over 20 customers across various industries, such as consumer goods, manufacturing, industrial, and B2B.

The firm has also grown its full capabilities to provide industry-specific management analysis platforms, tag-based data ELT automation technology, data onboarding modularization technology, and customer-centric user interface and design.

Company: Hyperlounge Co., Ltd.

Raised: $8.0M

Round: Series A

Funding Month: December 2022

Lead Investors: Altara Ventures

Additional Investors: FuturePlay, StoneBridge, BA Partners, RyuKyung PSG, Nextrans and UClick

Company Website: https://www.hyperlounge.ai/

Software Category: Business Management and Data Analytics

About the Company: Founded in 2020, Hyperlounge is a B2B SaaS startup specializing in business insights and data analytics, delivered through a simple, intuitive, and user-friendly interface. Its SaaS platform provides real-time business data analysis and management insights for SMEs. It integrates management consulting know-how with advanced data collection, automation, analysis, and visualization, enabling business executives to access and view key real-time data. Its leadership consists of highly experienced professionals from leading global companies.

Source: https://technode.global/2022/12/16/south-koreas-hyperlounge-raises-us8m-series-a-funding-led-by-altara-ventures/