Daily Markup

Daily Markup #1075: Happy5 is gearing up to take on the U.S. with acquisition of SugarOKR, and a US$3-5M fundraise in the works

September 17, 2024 · 1 min read
Photo credit: Happy5

Go for global growth

  • 500-backed performance management software company Happy5 is expanding their suite of products to help enterprises level up their workforce!
  • The Indonesia-based company acquired Singapore-based startup SugarOKR, which offers objectives and key results (OKR) tracking software.
  • The team is already geared up for the next phase — expanding into new international markets, including the United States by Q4 2024, where SugarOKR already has a foothold. The team aims to onboard 20 U.S. clients by Q2 2025.
  • This global growth will be fueled by new funding, with talks already ongoing with various VCs. The team is targeting to raise US$3-5M by Q2 2025.
  • Happy5 is currently profitable with over US$1M in annual recurring revenue, and the team is ready to enhance their offerings to help companies better align their team members around clear, measurable goals while maintaining a strong focus on employee well-being.
  • Founder & CEO Doni Priliandi shared, “Our key goal is to secure a VC based in the US as part of the mix. The SugarOKR acquisition will give VCs more confidence with a stronger leadership team and a leg-up from the SugarOKR platform.”
  • Read the full story on TechNode Global.
Daily
Tags:
0
Share
• • • KEEP READING

Daily Markup

  • Daily Markup is brought to you by 500 Global, Southeast Asia

  • All content herein is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Global”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Global and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Global, or an offer to provide any investment advisory service with regard to securities by 500 Global. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Global. Prospective investors considering an investment into any 500 Global fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Global fund may have a financial interest in one or more of the companies discussed

    All users of this website should note these important Terms of Use governing the use of this website.

  • Copyright © 2024 500 Global | All Rights Reserved

  • Privacy Policy
    Terms of Use
    Code of Conduct