# Hopae

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.hopae.com/
- Total disclosed funding: $4.3M
- Latest round: Seed (Oct 28, 2024)
- Investors on record: 3

## About

Based in California, US, and founded in 2022 by CEO Ace Shim, Hopae Inc. operates as a provider of digital identity verification platforms, offering privacy-preserving solutions for preventing forgery and ensuring data sovereignty to businesses and individuals in various sectors. In October 2024, Hopae Inc. raised KRW 6 billion in seed funding led by SV Investment, with participation from BonAngels Venture Partners and Z Venture Capital.

The company offers identity solutions that facilitate secure digital interactions while safeguarding personal information. The company's core offerings include advanced identity verification technologies that ensure the authenticity of identities and documents, thereby protecting sensitive data from malicious activities. These products cater to a range of end-users, including businesses and individuals who demand robust privacy and compliance with regulatory frameworks. Hopae's solutions aim to foster trust in digital identity systems through consent-based sharing and comprehensive privacy controls. The company operates primarily within North America and Europe, targeting various sectors where secure data sharing is critical, such as finance, healthcare, and e-commerce.

Hopae's revenue model is centered around subscription-based services and partnerships with businesses that require secure identity verification solutions. Clients engage with Hopae through tailored subscription plans, which provide access to its suite of identity verification products. The structure of these transactions typically involves B2B arrangements, where firms subscribe to Hopae’s services to enhance their customer authentication processes.

Hopae Inc. plans to use its recent seed funding of KRW 6,000 million to improve product offerings and expand into new markets. The company is designing new products that will be launched in the coming year, focusing on sectors requiring stringent identity verification measures. Additionally, Hopae intends to target new geographic regions, particularly in Asia and Europe, by 2024 to increase its market reach.

## Funding rounds

- Seed, Oct 28, 2024, $4.3M — BonAngels Venture Partners, Z Venture Capital, SV Investment

## Investors

- BonAngels Venture Partners (https://capitalatlas.ai/funds/bonangels-venture-partners) — Seed
- Z Venture Capital (https://capitalatlas.ai/funds/z-venture-capital) — Seed
- SV Investment (https://capitalatlas.ai/funds/sv-investment) — Seed