Hypar: Securing Series A Funding for Progress
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In a significant stride forward, Hypar, the pioneer in cloud-based design automation for buildings, recently announced a successful Series A funding round. The amount raised in this round totals $5.5 million, with leading investors Brick & Mortar Ventures and Building Ventures showing their confidence in Hypar’s mission.
The founding duo of Hypar, Ian Keough and Anthony Hauck, possess a rich background in devising digital solutions for buildings. Their past experience and in-depth conversations with numerous design and construction firms led them to identify a market need for repeatable, scalable expertise in building.
The duo is committed to redefining the industry standards, aiming to automate best practices and reduce the need to start each project from scratch. The goal is to turn buildings into a product that can be delivered efficiently and effectively.
Brick & Mortar Ventures, an early-stage venture fund with a focus on the built world, was a key participant in the funding round. With an impressive track record of investing in innovative solutions for architecture, engineering, construction, and facilities management, Brick & Mortar Ventures is well-positioned to support Hypar’s vision.
Building Ventures, another key investor in the round, shares a similar passion for transforming the built environment. Their investment in Hypar is part of their larger mission to support visionary entrepreneurs with innovative ideas to reshape our world.
The funds raised will be directed towards broadening Hypar’s platform features, expanding its product lines, and bolstering the go-to-market teams. As part of this expansion, Hypar has already launched a space planning app that has drastically reduced the time spent on commercial test fits.
As Hypar steps into its next growth phase, the construction and design industry awaits the innovative solutions that will stem from this fruitful collaboration.
Fundraise Insider provides weekly contacts of c-suite from recently funded startups, including this one. Recently funded startups are growing fast, have big needs, and have big budgets to solve them. Use this information to reach out and make more sales happen.