How Hyper Startup Studio leveraged Upmetrics for enhanced collaboration and improved efficiency
Company Overview
HyperHQ is a global startup studio specializing in helping entrepreneurs and companies build, launch, and scale technology products across domains such as app development, design, prototyping, and virtual reality.
Thomas and his team have successfully assisted founders in raising over $319 million in funding. Their services range from validating startup ideas to building and launching a startup. They provide a comprehensive suite of services designed to guide startups from concept to market, ensuring they are well-equipped for success.
HyperHQ is based in Edgecliff, New South Wales, and also has offices in Melbourne and London.
Key features used: Business plan builder, financial forecasting, collaboration and sharing
The Challenge
Thomas West and the HyperHQ team were frustrated with the manual, time-consuming business planning processes. The outdated methods not only slowed them down but also complicated collaboration with founders, hampering their ability to execute efficiently.
HyperHQ is an Australia-based startup incubator helping early-stage tech startups validate and nurture their ideas, prepare for launch, and secure the required funding.
“We believe in a level playing field for early-stage tech entrepreneurs by providing every idea with the best possible chance of success, regardless of their experience, background, network, or capabilities,” says Thomas West, founder and CEO of HyperHQ.
When it comes to business incubators and supporting new startups to launch and get funded, business planning becomes an integral part of the process.
While talking about their struggles, Thomas said:
“We’ve supported over a thousand startups since our inception in 2015. Planning for nearly a hundred clients each year is a demanding task, and the manual, time-consuming process often caused delays. The lack of real-time collaboration led to back-and-forth with founders, stretching deadlines and extending turnaround times.”
Since HyperHQ mostly works with tech startup founders, they required an efficient business and financial planning tool that understands investor and fundraising requirements and helps prepare comprehensive, lender-ready plans.
“We wanted to streamline our planning process, so we could invest our valuable resources and efforts in other important areas, improving our overall efficiency,” Thomas quoted, mentioning their expectations from a planning tool.
Tom settled on Upmetrics after researching and comparing a few planning tools. They have been using Upmetrics for a few years now.
Hyper Startup Studio
The Solution
Thomas integrated Upmetrics into their operations to streamline planning processes. The cloud-based sharing and pre-made templates matched their requirements, and collaborative features allowed them to work closely with founders.
As mentioned before, Thomas and his team relied on manual planning processes. While they met basic planning requirements, Thomas soon realized he’d need a comprehensive solution to manage his clients efficiently in one place.
Among the features Thomas West liked most were cloud-based data sharing, real-time collaboration, and business plan templates for multiple business use cases.
Real-time collaboration and improved processes
HyperHQ supports dozens of tech startups and entrepreneurs every year. Working with these many clients, they need a reliable system to create plans, review financials, and provide feedback.
Using Upmetrics helped Thomas’ team tackle this problem. Thomas has 400+ workspaces within Upmetrics where his team can easily collaborate with all founders and share and receive feedback.
HyperHQ also has a network of over 40 investors, so they can connect their founders to these investors seeking potential collaboration or investment opportunities. Having a tool like Upmetrics surely simplifies online sharing.
Investor pitch deck creation simplified
Besides business planning, an investor deck is critical for entrepreneurs seeking startup funding. Upmetrics’ AI pitch deck generator takes care of that process.
Upmetrics AI utilizes the information in the business plan and helps you quickly prepare your investor presentation. Since AI is integrated throughout the platform, manual writing work can be significantly reduced.
Thomas West and his team also manage Apollo, a startup community that connects first-time entrepreneurs with mentors and potential investors. (The image below is a picture from one of Hyper’s pitch deck night events)
Investor-ready business plan templates
Upmetrics’ ready-to-use business plan templates have streamlined the planning process for Thomas and the HyperHQ team. With over 400 industry-specific templates, founders can quickly begin drafting their plans, focusing more on refining strategies and accelerating funding efforts.
“These templates give us a strong start, saving us time to fine-tune strategies and speed up funding efforts,” says Thomas.
He values the customization options, which allow each plan to not only meet but impress potential investors with clarity and detail.
Hyper Startup Studio
The Impact
Thomas and his team have launched over 1,038 startups through their program and helped Hyper founders raise over $319M in total. Upmetrics helped them improve their program efficiency and turnaround time for completing business plans.
He adds, “We help dozens of entrepreneurs every year, and Upmetrics has helped us support all our clients efficiently. To date, we’ve launched 1000+ startups and helped founders raise over $319 in capital through our program, and we value Upmetrics’ contribution in elevating our processes.”
Thomas highlights the critical role Upmetrics played: “It’s not just about faster planning; it’s the quality of plans that has drastically improved. Startups now have a clearer pathway to securing funding and scaling efficiently.”
This strategic integration of Upmetrics into HyperHQ’s workflow continues to enhance startup success rates and program effectiveness, cementing Upmetrics as a cornerstone of their ongoing strategy.
Hyper Startup Studio
Upmetrics for startup incubators and accelerators
Thomas West highly recommends Upmetrics, which has become a game-changer for HyperHQ in streamlining its startup support programs. Upmetrics is more than just a business planning tool; it’s a collaborative platform for incubators like HyperHQ to support entrepreneurs and grow startups.
“For incubators and accelerators like us, effective planning tools are crucial. Upmetrics delivers by allowing our team to collaborate seamlessly, significantly cutting down the time it takes to get business plans up and running.” — Thomas West.
Are you a business incubator or accelerator like Hyper Startup Studio, looking for a business planning solution for your clients? Look no further; check out our solutions for startup incubators and accelerators.
