# Hakkoda

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hakkoda

- Industry: Software
- Headquarters: Boulder, US
- Website: www.hakkoda.io
- Total disclosed funding: $20M
- Latest round: Series B (Apr 28, 2023)
- Investors on record: 2

## About

Hakkoda, Inc. is a data modernization company that empowers organizations across various sectors to enhance operational efficiency and drive innovation through advanced data management solutions.Founded in 2021 in Boulder, US, Hakkoda, Inc. specializes in transforming data infrastructures. Erik Duffield, the CEO and founder, leads the company, which has completed three deals to date. The latest funding round was the Series B, securing USD 13.970 mn led by Tercera, bringing the total amount raised to USD 13.970 mn and valuing the company at USD 60.049 mn.Hakkoda specializes in modernizing data infrastructures for organizations in various sectors, including healthcare, financial services, public sector, retail, and supply chain logistics. Their core offerings encompass Data Migration, Data Modernization, and Data Monetization services, aimed at transforming clients' data into strategic assets that enhance operational efficiency and foster innovation. By leveraging cloud platforms and AI capabilities, Hakkoda’s solutions facilitate seamless transitions to modern data environments, enabling clients to streamline operations and unlock valuable insights from their data. The company's services are tailored for enterprises seeking to implement future-proof data strategies, ensuring compliance and governance while empowering users to derive actionable intelligence. Hakkoda serves a diverse clientele, including notable entities such as Blue Yonder, Century Distribution Systems, and US Foods, across markets in North America and Europe.Hakkoda's revenue generation model is primarily centered around consulting services and managed data solutions, which are typically structured on a subscription basis or as project-based engagements. The company engages with clients to deliver custom solutions, with transactions often involving comprehensive service packages that encompass data migration, modernization, and ongoing support. Clients may subscribe to managed services like Snowflake Concierge, ensuring optimal performance and scalability of their data operations. While specific pricing details are not disclosed, Hakkoda’s projects are designed to provide measurable ROI, aligning with clients' operational goals and data strategy initiatives. The revenue is supported by partnerships with leading technology providers to enhance service offerings, reinforcing Hakkoda's position as a trusted advisor in the data consulting space.In April 2025, IBM Corporation acquired Hakkoda, Inc. from Tercera and Lead Edge Capital, enabling Hakkoda to scale its data modernization and generative AI solutions across global enterprises by leveraging IBM’s consulting infrastructure and client network. This acquisition aligns with Hakkoda's strategy to expand its offerings and reach new markets.

## Funding rounds

- Series B, Apr 28, 2023, $14M — Lead Edge Capital, Tercera
- Series A, Nov 3, 2021, $5.6M — Tercera

## Investors

- Tercera (https://capitalatlas.ai/funds/tercera) — Series A, Series B
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series B