Altara Ventures leads $8m series A fundraise for SaaS firm

Hyperlounge, a data analysis platform based in South Korea, has raised US$8 million in a series A round led by Altara Ventures. Investors such as Uclick, FuturePlay, Stonebridge Capital, BA Partners, Yukyung PSG Asset Management, and Nextrans also participated.

Hyperlounge’s leadership team / Photo credit: Hyperlounge

Founded in 2020 by Jungin Kim, the SaaS startup offers real-time business data analytics and management tools to small and medium-sized enterprises. Its features include data integration automation, data onboarding modularization, and industry-specific management analysis.

Using Hyperlounge’s software, which is available in both desktop and mobile app versions, clients can access curated and automated insights to provide effective management.

Since the software’s launch in February 2022, it has attracted 23 companies across the manufacturing, industrial, business-to-business, and consumer goods verticals.

The global SaaS market is set to reach US$381 billion by 2030, at a compound annual growth rate of 17.3%.

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