Singapore-based event-tech startup Hapz raises SGD680k seed round

Hapz is an end-to-end events platform that enables users to discover and book diverse Singapore experiences in a single place at the best available price.

SINGAPORE – August 1, 2017 – Event-tech platform Hapz announced today that it has raised seed funding of SGD 680,000 from Cocoon Capital, SPH Media Fund, Quest Ventures, TinkBig Venture and an angel investor.

Hapz is the first platform in Southeast Asia to curate the most exciting events from across multiple verticals and provide end to-end services to its customers including event discovery, ticket sales, exclusive deals and customer support. The platform aims to aggregate the top hundred events happening in Singapore saving customers time on research and enabling easy comparison and efficient planning of activities.

The platform’s proprietary dynamic pricing system allows customers to decide on a price they are willing to pay for an event that interests them. If the price falls within the acceptable range generated by the system, the consumer is immediately notified on the confirmation of the transaction. As users interact with different events on the platform, Hapz has the ability to understand the user preferences better and target them with relevant events and deals.

Kendrick Wong, Co-founder and CEO, Hapz said, “While customers can buy tickets on our platform, our main focus is to ensure that they get access to events that are most relevant to them at a price they can afford. From finding an event they are passionate about to providing customer support in case they face a glitch, we want to ensure customers have the best experience on Hapz.”

Since its launch in May 2017, Hapz has more than 8,500 sign-ups across Singapore. Besides enabling events discovery for its users, Hapz also provides event organisers with real-time insights on demographics, pricing data and how they compare to other events. This helps the organisers unlock the true value of their events.

In the last two months, Hapz has curated some of biggest events in Singapore such as Ultra Singapore and Dreamworks Day Asia. Hapz also partners with corporates like General Electric in Singapore to provide its services as part of the corporate’s employee benefits program.

Lai Xin Chu, Co-founder and CTO said, “Hapz leverages machine learning to generate real time insights about our customers’ choices and purchase behaviour. Our data driven approach helps us deliver the most relevant content to our customers. It also generates valuable insights for event organisers that can be used to plan and budget for future events.” Hapz plans to use this round of funding to grow the team and build partnerships with merchants and event organisers across verticals and through the region.

Michael Blakey, Managing Partner, Cocoon Capital said, “We believe that Hapz has the potential to build the number one experience booking platform in Asia. The Hapz team is executing at lightning speed and Cocoon Capital is very proud to join their journey.”

About Hapz
Hapz curates the most exciting events from across multiple verticals on a single platform. All activities are handpicked by real humans, from great concerts, jaw-dropping musicals, to your favourite local attractions. Hapz also provides end to end services to its customers including event discovery, ticket sales, exclusive deals and customer support. Find out more here: https://www.hapz.com

About the founders
Kendrick Wong has a double degree in Accounting and Finance from Singapore Management University. He started an event organising company (Three Blind Mic) and an event consultancy company (Decipher Communications) while in university and continued running it full time after graduation. He brings a strong understanding of the events industry and business management to his role as the co-founder and CEO of Hapz.

Lai Xin Chu is a security enthusiast and a strong proponent of technology for the greater good. In 2016, he joined Hapz to “hack” experiences so that experience seekers could have twice as much fun, at half the cost. He has prior experience in building scalable products and he brings this valuable tech expertise to the product as the co-founder and CTO of Hapz.

About Cocoon Capital
Cocoon Capital is a S$10 million seed-stage venture firm focusing on early-stage, digital companies across Southeast Asia and India. With a stellar track record of its seasoned partners, Cocoon Capital targets the SaaS, e-commerce, fintech and deep tech verticals. Find out more here: https://cocooncap.com

About SPH Media Fund
SPH Media Fund is the corporate venture capital fund of Singapore Press Holdings Ltd, Asia’s leading media organisation listed on the Singapore Stock Exchange. The fund size totals S$100 Million. They have a global mandate to invest in early-stage innovative companies in the areas of Digital Media (including advertising technology and content aggregation/ distribution/ consumption) and Consumer Internet (including e-commerce, marketplaces, social media, education technology, financial technology, etc). Find out more here: http://www.sphmediafund.com/

About Quest Ventures
Quest Ventures is a leading venture fund for technology companies that have scalability and replicability in large internet communities. They back early-stage companies when few believe in them. They are often the first investment cheque these companies receive, and are the catalyst that companies need to disrupt their industry. Find out more here: https://www.questventures.com

About ThinkBig Venture
TinkBig Venture is an innovative tech venture fund that is focusing on equity investment in Technopreneur. “We empower technopreneur with Smart Capital”. Their investments tend to cluster around internet and mobile startups across many sectors, including e-commerce, payments, marketplaces, mobile application and SaaS platform. Find out more here: http://thinkbigpartners.com/tag/think-big-ventures

Will Klippgen

Will is a Managing Partner with Cocoon Capital and brings over 12 years of early-stage investment experience in over 25 digital startups. In 1997 he founded Zoomit.com which became a third of Kelkoo.com, Europe’s largest price comparison portal, sold to Yahoo in 2004.

Leave a Reply