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- Hyperconnect
Hyperconnect Acquisition, Valuation, Funding & Investors
Hyperconnect was acquired by Match Group for $1.8B in February 2021, a 8.7x multiple on $202M of revenue.
Hyperconnect revenue at acquisition
$202M
Last twelve months · Feb 2021
Hyperconnect revenue multiple at acquisition
8.7x
EV/Revenue · Feb 2021
Cumulative funding Hyperconnect raised
$11M
across 2 funding rounds
About Hyperconnect
Hyperconnect is a Seoul-headquartered technology company developing AI-powered social discovery apps with 350 employees across seven global offices. Its flagship Azar app, launched in 2014, has amassed 500 million downloads and 90 billion connections via WebRTC video chat, generating $137 million in 2019 revenue primarily from Europe and North America. Hakuna Live, another product with 15 million downloads, offers social live streaming. Recognized at INTERSPEECH 2020 and ICCV 2019 for speech and facial tech advancements.
Founded
2014
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Advertising
Revenue
$202M (Feb 2021)
Valuation
$1.8B (acquired Feb 2021)
Hyperconnect Acquisition
Hyperconnect was acquired by Match Group for $1.8B on 9 February 2021.
The acquisition price implies a 8.7x revenue multiple on $202M of revenue.
Before the acquisition Hyperconnect had raised $11M across 2 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 9 Feb 2021 | Strategic M&A | $1.8B | 8.7x |
Hyperconnect Funding History
Hyperconnect has raised a total of $11M across 2 funding rounds.
Hyperconnect's first fundraising round was a $2M seed round in December 2014. The most recent completed round was a $9M Series B in November 2015.
Hyperconnect funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2015 | Series B | Altos Ventures (lead); SoftBank Group (lead) | $9M | Hyperconnect raised $8.6 million from Altos Ventures and SoftBank Ventures around November 2015, following a $2 million seed round from Altos Ventures in 2014. Financial investors including these firms and Korea Investment Partners held around a 30% stake in the company at the time of its later acquisition. The company, founded by engineers from Seoul National University and Pohang University of Science and Technology including CEO Sam Ahn, developed video chat apps Azar and Hakuna Live. SoftBank Ventures invested about $10 million alongside Altos Ventures in this November 2015 round, acquiring 2,102,740 preferred shares. Altos Ventures had previously invested $2 million in the 2014 seed round by purchasing 833,330 shares. |
| Dec 2014 | Seed | Altos Ventures | $2M | - |
Who has invested in Hyperconnect?
2 investors have backed Hyperconnect across its funding rounds, including Altos Ventures and SoftBank Group.
Lead investors include Altos Ventures and SoftBank Group.
Hyperconnect Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialHyperconnect Competitors
Hyperconnect competitors include listed companies like RUM Group and Saregama India, and private ones like Quibi, Glance, Spotter and Verbit.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $101M | ($78M) | $3.6B | 19.4x | ||
| Private | - | - | $1.8B | - | ||
| Private | $34M | - | $1.7B | 50.0x | ||
| Private | - | - | $2B | - | ||
| Private | $100M | - | $2B | 20.0x | ||
| Publicly listed | $100M | $36M | $979M | 8.6x |
Hyperconnect Public Comps
Hyperconnect is no longer listed, but its public comps include C3.ai, Wenge AI, Newborn Town, TRS Information Technology, MBC Group, Skyworth Digital, mixi, Weibo, Haizhi and NetEase Cloud Music.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
| $1B | $154M | 1.3x | 1.1x | 8.6x | 6.0x | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $1.4B | $136M | 1.0x | 1.0x | 10.3x | 17.4x | |||
| $1.3B | $37M | 1.4x | - | 47.5x | - | |||
| $1.1B | $218M | 0.9x | 0.8x | 4.5x | 4.7x | |||
| $1.8B | $644M | 0.5x | 0.5x | 1.4x | 1.9x | |||
This data is available for Pro users. Sign up to see all Hyperconnect competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hyperconnect
| When was Hyperconnect founded? | Hyperconnect was founded in 2014. |
| Where is Hyperconnect headquartered? | Hyperconnect is headquartered in Seoul, South Korea. |
| Is Hyperconnect publicly listed? | No, Hyperconnect was acquired by Match Group in February 2021. |
| Who acquired Hyperconnect? | Hyperconnect was acquired by Match Group in February 2021. |
| How much was Hyperconnect acquired for? | Hyperconnect was acquired for $1.8B in February 2021, a 8.7x revenue multiple. |
| How much funding has Hyperconnect raised? | Hyperconnect has raised $11M across 2 funding rounds. |
| What was Hyperconnect's last funding round? | Hyperconnect's last funding round was a $9M Series B in November 2015, led by Altos Ventures and SoftBank Group. |
| Who are Hyperconnect's investors? | Hyperconnect's investors include Altos Ventures and SoftBank Group. |
| Which companies are comparable to Hyperconnect? | Companies comparable to Hyperconnect include RUM Group, Quibi, Glance, Spotter, Verbit and Saregama India. |
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