Hypha

Idea

Introduction

Innovation is the one of most important factors in driving growth. Yet over 90% of leaders are unhappy with their innovation performance. We believe that knowledge being highly fragmented and trapped is a key reason why this is so.

Inspired by how forests communicate and grow, Hypha is a platform that connects knowledge in unique and insightful ways.

Using a revolutionary combination of ontology mapping and graph processing, Hypha connects and leverages this knowledge such that it is contextually aligned to an enterprise’s unique structure, systems, processes and strategic objectives.

Teams spanning the organisation can harness Hypha’s Innovation Intelligence capability to enable more effective collaboration, uncover and explore new opportunities, and deliver maximum value in line with key strategic objectives, through their innovation activity.

Substantial accomplishments to date

We have made significant progress in the seven months since we were formed:

* Secured 6 enterprise clients across the globe. Clients include globally recognised brand names such as IKEA.

* Product is live, in production, for 5 clients.

* Revenue generating from the first month.

* Secured 4 partnerships with innovation and trend agencies.

* Acknowledged by client in a scientific paper as the underlying framework on which they built their roadmaps to spot gaps in knowledge and capabilities.

* Backed by US-based accelerator, ExpertDojo.

Monetisation strategy

We believe in a traction-first business model, and the best proof point of traction is having paid customers. Hypha has been revenue-generating from the first month itself.

Our pricing model is as below:

1.) A one-time setup fee to get customers onboarded on the platform.

2.) An ongoing monthly subscription fee for using the platform based on application areas and number of objects.

We do not charge based on the number of users, in line with our ethos of making knowledge open and accessible. An additional fee is charged for an additional application area. Plug-ins for activating trends, news feed and product launch feed are priced extra.

Use of proceeds

Our next milestone is to validate product-market fit and expand our corporate client base.

Funds from this Pre-Seed round would be used for

* Product Development (80%): Enhancing AI/ML capabilities, updating core framework and building third party integrations.

* Growth support (20%): establishing a customer success function, developing our Impact Innovation proposition and investing in sales and marketing activities.

This will give us a runway till September 2021 based on Pre-Seed funds & target milestones. We intend to commence Seed round funding next year to support scale-up H1 2021 onwards.