# Laconik

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

- Industry: Agribusiness
- Headquarters: Perth, Australia
- Website: www.laconik.com.au
- Total disclosed funding: $0.5M
- Latest round: Seed (Oct 21, 2019)
- Investors on record: 2

## About

Laconik is a company based in Perth, Australia, specializing in innovative solutions that enhance operational efficiency and improve customer engagement across various industries.Founded in 2017 by Darren Hughes, Laconik operates out of Perth, Australia. The company focuses on providing advanced tools tailored to the needs of clients. It has successfully completed 3 deals, with the most recent on March 8, 2024. In this round, Laconik raised AUD 52,000 from John Beech & Associates Pty Ltd, bringing the total amount raised to AUD 52,000 and resulting in a current valuation of AUD 3.423 mn.Laconik specializes in offering innovative solutions designed to address specific challenges faced by clients across various sectors. The company's core products include a suite of advanced tools that enhance operational efficiency, improve customer engagement, and streamline workflows. These solutions are user-friendly and have been deployed in markets such as North America, Europe, and Asia, catering to diverse industries including retail, finance, and technology.Laconik generates revenue through both direct-to-consumer and B2B sales models. Its transactions are primarily based on subscription agreements, with tiered service plans that provide varying access levels to its flagship products. Clients can choose pricing structures tailored to their needs, while partnerships with distributors and resellers enhance market reach and penetration across different segments.Laconik's strategy for future growth includes the design and launch of new products aimed at expanding their offerings. The company is also looking to penetrate new geographic markets with plans to expand its presence in Asia by the end of 2024. The recent funding of AUD 52,000 will support these initiatives, allowing Laconik to enhance product development and marketing efforts.

## Funding rounds

- Seed, Oct 21, 2019, $0.5M — Wavemaker Partners, Artesian

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed
- Artesian (https://capitalatlas.ai/funds/artesian) — Seed