# Heybit

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

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.heybit.io
- Total disclosed funding: $39M
- Latest round: Series C (Jan 27, 2022)
- Investors on record: 11

## About

Heybit, based in South Korea, is a technology company specializing in innovative digital solutions that enhance data management and analytics for businesses, enabling better operational efficiency and decision-making.Founded in 2018 by Darin Frieling and Filip Walica, Heybit, headquartered in Seoul, South Korea, focuses on developing advanced digital services for data management. The company has successfully raised KRW 10 billion in SERIES C funding from investors including Crit Ventures and Hashed Ventures on January 27, 2022, bringing its total amount raised to KRW 10 billion. The CEO of the company is Takeru Wada.???? ??? specializes in providing innovative digital services focused on data management and analytics solutions. Their primary offerings include advanced data processing software that assists businesses in optimizing their operational efficiencies and decision-making processes. These tools are designed to aggregate, analyze, and visualize data, ultimately addressing challenges related to data overload and decision paralysis that many companies face today. The company's target customer base includes mid-sized to large enterprises across multiple industries, including finance, healthcare, and retail, with a particular emphasis on markets in Southeast Asia and Europe. By facilitating improved data insights, ???? ??? effectively supports organizations in leveraging their data for strategic growth and enhanced competitive advantage.The revenue model of ???? ??? is primarily based on subscription-based access to its software solutions, which allows clients to utilize the tools on a monthly or annual basis. This structure promotes ongoing customer engagement and ensures that clients receive continuous updates and support. Partnerships with various organizations further enhance revenue streams, as the company collaborates with industry leaders to integrate its technology into broader service offerings. The pricing plans are tiered to accommodate different business sizes and usage requirements, promoting accessibility across diverse market segments. Flagship products within their portfolio are structured to deliver high-value insights, which in turn drives demand and fosters long-term client relationships.Heybit plans to leverage its recent SERIES C funding of KRW 10 billion, raised on January 27, 2022, to expand its business by recruiting new talents. The company aims to develop upcoming products that will enhance its existing service offerings and is strategically targeting expansion into Southeast Asian and European markets within the next few years.

## Funding rounds

- Series C, Jan 27, 2022, $8.3M — KB Investment, Hashed Ventures, Crit Ventures
- Series C, Dec 8, 2021, $20M — WOORI Venture Partners, Seoul Investment Partners, Capstone Partners, Kakao Ventures
- Series B, Apr 12, 2021, $8M — Shinhan Venture Investment, KB Investment, Kakao Ventures, Hashed Ventures
- Series A, Oct 8, 2019, $1.9M — Shinhan Venture Investment, DSC Investment, Kakao Ventures, Bass Ventures
- Seed, Sep 19, 2018, $0.6M — KB Investment, DSC Investment, Kakao Ventures, Bass Ventures, Schmidt

## Investors

- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Seed, Series B, Series C
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Seed, Series A
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed, Series A, Series B, Series C
- Bass Ventures (https://capitalatlas.ai/funds/bass-ventures) — Seed, Series A
- Schmidt (https://capitalatlas.ai/funds/schmidt) — Seed
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series A, Series B
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series B, Series C
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series C
- Seoul Investment Partners (https://capitalatlas.ai/funds/seoul-investment-partners) — Series C
- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Series C
- Crit Ventures (https://capitalatlas.ai/funds/crit-ventures) — Series C