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1. TRACXN TOP BUSINESS MODELS REPORT
February 09, 2022
SOUTH KOREA TECH

2. South Korea Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
South KoreaSouth Korea Tech Funding -
Overview
3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. South Korea Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Funding in last 1 year
3
Online Travel $1.7B
Investment Tech $597M
Fashion Tech $298M
Test Preparation Tech $178M
Horizontal E-Commerce $174M
Oncology $169M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
KB Investment
Kakao Investment
2
2
2
Early
Stage
KB Investment
Korea Investment Partners
Korean Development Bank
7
7
5
Late
Stage
Altos Ventures Capital
SoftBank Ventures Asia
Korean Development Bank
4
3
3
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Yanolja
(2005, Gangnam)
$1.7B - Series E
Kakao Mobility
(2017, Seongnam-si)
$478M - Series C
Toss
(2015, Gangnam)
$410M - Series F
Kakao Mobility
(2017, Seongnam-si)
$200M - Series C
Kurly
(2015, Seoul)
$200M - Series F
Riiid
(2014, Gangnam)
$175M - Series D
Daangn Market
(2015, Seongnam-si)
$162M - Series D
ZEPETO
(2018, Seongnam-si)
$150M - Series B
Qraft Technologies
(2016, Seoul)
$146M - Series B
Green Labs
(2017, Songpa-gu)
$143M - Series C
Remember
(2013, Gangnam)
$134M - Series D
Kakao Mobility
(2017, Seongnam-si)
$125M - Series C
Gangnam (40%)
Seoul (28%)
Seongnam-si (21%)
Yuseong (2%)
Songpa-gu (2%)
Others (7%)

4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
South Korea Tech - Top Funded Business Models - last 1 year
(1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1-- Hotel Aggregators $1.7B 1 Yanolja | $1.7B | Series E Link
2▲57 Car Ride Hailing $943M 5 Kakao Mobility | $478M | Series C Link
3▼2 Digital Wallets $455M 2 Toss | $410M | Series F Link
4<> 0 Cryptocurrency Exchanges $161M 3 Dunamu | $85.3M | Series C Link
5▲45 Virtual Social Networks $150M 1 ZEPETO | $150M | Series B Link
6▲6 Farm Management Software $143M 1 Green Labs | $143M | Series C Link
7▲8 Drugs for Multiple Cancer Types $120M 6 Orum Therape.. | $54.0M | Series B Link
8▲34 Online Fashion Retailer $115M 1 Musinsa | $115M | Series D Link
9-- Internet First P2P Lenders $102M 2 People's Fund | $63.4M | Series C Link
10▲22 Autonomous Vehicle Fleet Management $88.3M 1 42dot | $88.3M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
South Korea Tech - Top Funded Business Models - last 1 year
(2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- PC and Console MMO Game Developers $85.8M 1 Npixel | $85.8M | Series B Link
12-- Mobile MMO Game Developers $85.8M 1 Npixel | $85.8M | Series B Link
13▲38 Residential Real Estate Listings $76.1M 2 r.square | $72.0M | Series C Link
14-- Internet First Commercial Real Estate Brokers $72.0M 1 r.square | $72.0M | Series C Link
15-- Food Ordering Platforms $71.7M 1 Barogo | $71.7M | Series C Link
16-- Electric Vehicle Charging Station Discovery Platforms $67.0M 1 Softberry | $67.0M | Series A Link
17-- Commercial Redox Flow Energy Storage Systems $63.1M 2 Standard Ene.. | $54.2M | Series D Link
18▲18 B2B Farm Produce Marketplaces $60.0M 1 Tridge | $60.0M | Series C Link
19▲18 B2B Farm Produce Marketplace $60.0M 1 Tridge | $60.0M | Series C Link
20▲15 Blockchain Networks $60.0M 2 Luniverse | $60.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
South Korea Tech - Top Funded Business Models - last 1 year
(3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- Comics Reading Apps $56.0M 2 Copin Comics | $43.0M | Series C Link
22-- Life Science R&D Workflow Management Software $54.5M 2 Standigm | $44.5M | Series C Link
23-- Virtual K-12 Math Tutoring Platform $50.0M 2 Mathpresso | $50.0M | Series C Link
24-- Job Boards $48.0M 2 JOBKOREA | $48.0M | Series C Link
25-- Internet First P2P Personal Loans $43.9M 1 Lendit | $43.9M | Series C Link
26▲1 Online Laundry Services Providers $43.0M 1 Laundrygo | $43.0M | Series C Link
27▼21 Online Travel Agencies $41.9M 1 Online Tours | $41.9M | Series C Link
28-- Trucking Transportation Management System $38.5M 2 Logospot | $25.3M | Series C Link
29-- Alternative Android App Stores $38.4M 2 One Store | $23.1M | Series B Link
30-- Salon Booking Platforms $35.8M 1 KakaoHairShop | $35.8M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
South Korea Tech - Top Funded Business Models - last 1 year
(4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Subscription Video On Demand $35.3M 1 Tving | $35.3M | Series C Link
32-- Robotics in Manufacturing $33.7M 1 Doosan Robot.. | $33.7M | Series C Link
33-- HRMS for Enterprises $32.0M 1 flex | $32.0M | Series B Link
34-- Savings Comparison Platform $31.0M 2 Bank Salad | $22.3M | Series C Link
35-- Online Loan Comparison Platforms $31.0M 2 Bank Salad | $22.3M | Series C Link
36-- Smart home Gym Equipment $30.4M 1 Ronfic | $30.4M | Series A Link
37▼32 Hematologic Cancer Drugs $30.0M 1 Curocell | $30.0M | Series D Link
38-- Online Meal Kits Delivery $28.6M 1 Cookat | $28.6M | Series B Link
39-- Online Designer Fashion Retailer $27.6M 1 Balaan | $27.6M | Series B Link
40-- Managed CoWorking Spaces $27.0M 1 Fast Five | $27.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
South Korea Tech - Top Funded Business Models - last 1 year
(5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Online English Tutoring $26.9M 2 Ringle | $18.0M | Series A Link
42-- Autonomous Growing Systems $26.0M 1 n.thing | $26.0M | Series B Link
43-- Online Vocational Skills Courses $26.0M 1 CLASS101 | $26.0M | Series B Link
44-- Free Float Electric Kick Scooter Rentals $24.0M 1 Swing Mobility | $24.0M | Series B Link
45-- Digital Twin Based Asset Visualization $24.0M 1 3i | $24.0M | Series A Link
46-- Neural Processing Unit $22.2M 2 DEEPX | $17.7M | Series B Link
47-- Document Management $21.2M 1 ePapyrus | $21.2M | Series A Link
48▲27 Autonomous Driving Simulation Platforms $20.8M 1 MORAI | $20.8M | Series B Link
49-- Aortic Disease Treatment Devices $20.0M 1 Sky Labs | $20.0M | Series B Link
50-- Heart Health Monitoring Device $20.0M 1 Sky Labs | $20.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Hotel Aggregators - South Korea
01
9
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$1.7B( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.9B
1
-
1
1
Online Travel (Socar)
(# Cos: 142 | $2.7B)
Accommodation (Allstays)
(# Cos: 21 | $2.3B)
Hotel (Dailyhotel)
(# Cos: 13 | $1.9B)
Aggregator (Yanolja)
(# Cos: 1 | $1.9B)
Yanolja
(2005, Gangnam, $1.9B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yanolja (2005, Gangnam)
$1.7B - Series E - Jul 2021

10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Car Ride Hailing - South Korea
02
10
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$943M(▲ >10K%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$993M
3
-
12
1
Road Transport Tech (Socar)
(# Cos: 129 | $1.3B)
Ride Hailing (MOSILER)
(# Cos: 21 | $1.0B)
Cars (wuricall.com)
(# Cos: 21 | $1.0B)
Taxi (Macaront)
(# Cos: 18 | $1.0B)
Intracity (Kakao Mobility)
(# Cos: 16 | $1.0B)
Aggregator (Konatus)
(# Cos: 12 | $993M)
Konatus
(2018, Seongnam-si, $3.8M)
Kakao Mobility
(2017, Seongnam-si, $990M)
wuricall.com
(2015, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kakao Mobility (2017, Seongnam-si)
$478M - Series C - Mar 2021
Kakao Mobility (2017, Seongnam-si)
$200M - Series C - Feb 2021
Kakao Mobility (2017, Seongnam-si)
$125M - Series C - Jun 2021
Kakao Mobility (2017, Seongnam-si)
$84.9M - Series C - Jul 2021
Kakao Mobility (2017, Seongnam-si)
$55.0M - Series C - Dec 2021

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Toss (2015, Gangnam)
$410M - Series F - Jun 2021
Chai (2018, Seong-dong)
$45.0M - Series B - Dec 2021
Digital Wallets - South Korea
03
11
Back to index
Payments (True Balance)
(# Cos: 94 | $2.2B)
Consumer Payments (Hyundai Card)
(# Cos: 33 | $1.4B)
Wallets (Toss)
(# Cos: 16 | $1.4B)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$455M(▲24.2%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4B
8
2
16
3
Toss
(2015, Gangnam, $940M)
Kakao Pay
(2012, Seongnam-si, $332M)
Chai
(2018, Seong-dong, $120M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges - South Korea
04
12
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$161M(▲207%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$219M
7
-
63
2
Cryptocurrencies (Terra)
(# Cos: 249 | $369M)
Financial Services (Coinplug)
(# Cos: 165 | $244M)
Investment Industry (Korbit)
(# Cos: 113 | $222M)
Crypto Exchanges (Dunamu)
(# Cos: 63 | $219M)
Dunamu
(2012, Seoul, $138M)
Korbit
(2013, Seoul, $78.6M)
Streami
(2015, Seoul, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dunamu (2012, Seoul)
$85.3M - Series C - Sep 2021
Korbit (2013, Seoul)
$75.2M - Series B - Nov 2021
Streami (2015, Seoul)
Undisclosed - Series B - May 2021

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
ZEPETO (2018, Seongnam-si)
$150M - Series B - Nov 2021
Virtual Social Networks - South Korea
05
13
Back to index
Social Platforms (StyleShare)
(# Cos: 109 | $265M)
Horizontal (Spoon Radio)
(# Cos: 46 | $231M)
Metaverse (ZEPETO)
(# Cos: 2 | $155M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$150M(▲3158%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$155M
2
-
2
1
ZEPETO
(2018, Seongnam-si, $155M)
Dotdotdot
(2021, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Green Labs (2017, Songpa-gu)
$143M - Series C - Jan 2022
Farm Management Software - South
Korea
06
14
Back to index
Crop Tech (n.thing)
(# Cos: 56 | $306M)
Farm Management Software (TeloFarm)
(# Cos: 12 | $171M)
Diversified (Green Labs)
(# Cos: 7 | $171M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$143M(▲513%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$171M
2
-
7
1
Green Labs
(2017, Songpa-gu, $171M)
ioCrops
(2018, Seoul)
Cyclogic
(2011, Seongnam-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Orum Therapeutics (2016, Daejeon)
$54.0M - Series B - Jun 2021
Tikaros (2018, Seoul)
$21.5M - Series C - Aug 2021
Haim Bio (2011, Seoul)
$20.0M - Series B - Nov 2021
PharmCADD (2019, Busan)
$15.5M - Series B - Mar 2021
S-Alpha Therapeutics (2019, Seocho)
$8.7M - Series A - Jul 2021
Txinno (2020, Yongin)
$5.9M - Series A - Aug 2021
Drugs for Multiple Cancer Types - South
Korea
07
15
Back to index
Oncology (PharmAbcine)
(# Cos: 143 | $630M)
Drugs (ABL Bio)
(# Cos: 111 | $548M)
Diversified (Orum Therapeutics)
(# Cos: 82 | $339M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$120M(▲512%)
6(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$339M
65
16
82
6
Orum Therapeutics
(2016, Daejeon, $92.0M)
PharmAbcine
(2008, Daejeon, $6.3M)
SillaJen
(2006, Busan, $12.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Fashion Retailer - South Korea
08
16
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$115M(▲1162%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$300M
13
-
51
2
Fashion Tech (StyleShare)
(# Cos: 217 | $531M)
B2C Commerce (Stripes)
(# Cos: 194 | $505M)
Multi Category (Zig Zag)
(# Cos: 101 | $501M)
Inventory-led (Lately)
(# Cos: 60 | $331M)
Retailer (Trenbe)
(# Cos: 59 | $331M)
Multi-brand (Musinsa)
(# Cos: 51 | $300M)
Musinsa
(2003, Seoul, $284M)
Trenbe
(2016, Gangnam, $14.9M)
Lately
(2015, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Musinsa (2003, Seoul)
$115M - Series D - Mar 2021

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Lenders - South Korea
09
17
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$102M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$123M
4
-
4
1
Alternative Lending (Bank Salad)
(# Cos: 62 | $418M)
Online Lenders (True Balance)
(# Cos: 50 | $345M)
Diversified (ZPER)
(# Cos: 6 | $123M)
Marketplace (8percent)
(# Cos: 6 | $123M)
P2P (People's Fund)
(# Cos: 4 | $123M)
People's Fund
(2015, Seoul, $85.1M)
8percent
(2014, Seoul, $38.3M)
ZPER
(2018, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
People's Fund (2015, Seoul)
$63.4M - Series C - Nov 2021
8percent (2014, Seoul)
$38.3M - Series B - Oct 2021

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Vehicle Fleet Management
- South Korea
10
18
Back to index
Autonomous Vehicles (Hyundai Motor Group)
(# Cos: 30 | $216M)
Fleet Management (42dot)
(# Cos: 1 | $130M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$88.3M(▲615%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$130M
1
-
1
1
42dot
(2019, Seoul, $130M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
42dot (2019, Seoul)
$88.3M - Series A - Nov 2021

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
PC and Console MMO Game Developers
- South Korea
11
19
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$85.8M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$125M
28
8
38
2
PC & Console Gaming (Pearl Abyss)
(# Cos: 150 | $199M)
Game Developers (NCSOFT)
(# Cos: 134 | $196M)
PC & Console Games (NEXON)
(# Cos: 110 | $188M)
Core Games (Krafton)
(# Cos: 78 | $188M)
MMO Games (WeMade Entertainment)
(# Cos: 38 | $125M)
WeMade Entertainment
(2000, Seoul)
NEXON
(1994, Seongnam-si)
Pearl Abyss
(2010, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Npixel (2017, Gangnam)
$85.8M - Series B - Aug 2021

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Mobile MMO Game Developers - South
Korea
12
20
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$85.8M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$124M
13
5
21
1
Mobile Gaming (WeMade Entertainment)
(# Cos: 381 | $1.3B)
Game Developers (Krafton)
(# Cos: 355 | $1.3B)
Core (Netmarble Games Corporation)
(# Cos: 59 | $819M)
MMO (Com2uS)
(# Cos: 21 | $124M)
Com2uS
(1998, Seoul, $8.0M)
Smilegate
(2002, Seongnam-si)
Joy City
(1994, Seongnam-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Npixel (2017, Gangnam)
$85.8M - Series B - Aug 2021

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Residential Real Estate Listings - South
Korea
13
21
Back to index
Residential Real Estate Tech (r.square)
(# Cos: 28 | $155M)
Listings (ZIGBANG)
(# Cos: 14 | $153M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$76.1M(▲1756%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$153M
7
-
14
3
ZIGBANG
(2012, Seoul, $61.9M)
r.square
(2009, Seoul, $77.3M)
Neighborhood
(2004, Yongsan-gu, $8.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
r.square (2009, Seoul)
$72.0M - Series C - Nov 2021
Neighborhood (2004, Yongsan-gu)
$4.1M - Seed - May 2021

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First Commercial Real Estate
Brokers - South Korea
14
22
Back to index
Commercial Real Estate Tech (ZIGBANG)
(# Cos: 16 | $201M)
Online Brokers (r.square)
(# Cos: 1 | $77.3M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$72.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$77.3M
1
-
1
1
r.square
(2009, Seoul, $77.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
r.square (2009, Seoul)
$72.0M - Series C - Nov 2021

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - South Korea
15
23
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$71.7M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$564M
9
-
12
1
Food Tech (Yogiyo)
(# Cos: 80 | $632M)
Food Discovery and Ordering (MangoPlate)
(# Cos: 40 | $614M)
Restaurant Aggregator (Barogo)
(# Cos: 16 | $564M)
Platform Delivered (Woowa Bros)
(# Cos: 12 | $564M)
Woowa Bros
(2011, Seoul, $452M)
Barogo
(2014, Gangnam, $101M)
Baemin
(2013, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Barogo (2014, Gangnam)
$71.7M - Series C - Jun 2021

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Softberry (2016, Seocho)
$67.0M - Series A - Jan 2022
Electric Vehicle Charging Station Discovery
Platforms - South Korea
16
24
Back to index
Electric Vehicles (Samsung SDI)
(# Cos: 66 | $95.3M)
Charging Solutions (Geo-Line)
(# Cos: 16 | $71.3M)
Charging Point Locator (Softberry)
(# Cos: 4 | $67.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$67.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$67.0M
1
-
4
1
Softberry
(2016, Seocho, $67.0M)
everyones charge
(2021, Gangnam)
VaroEV
(2018, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Commercial Redox Flow Energy Storage
Systems - South Korea
17
25
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$63.1M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$76.7M
2
-
3
1
Energy Storage Tech (Samsung SDI)
(# Cos: 60 | $84.0M)
Energy Storage System (Kokam)
(# Cos: 7 | $76.7M)
Redox Flow (H2)
(# Cos: 3 | $76.7M)
Commercial (Standard Energy)
(# Cos: 3 | $76.7M)
Standard Energy
(2013, Yuseong, $76.7M)
H2
(2010, Daejeon)
Jushintech
(2014, Cheongju-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Standard Energy (2013, Yuseong)
$54.2M - Series D - Jan 2022
Standard Energy (2013, Yuseong)
$8.9M - Series C - Apr 2021

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
B2B Farm Produce Marketplaces - South
Korea
18
26
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$60.0M(▲446%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$86.7M
4
-
5
2
B2B E-Commerce (B2LiNK)
(# Cos: 41 | $112M)
Food & Beverages (Food Pang)
(# Cos: 7 | $86.7M)
Groceries (SEAMON)
(# Cos: 7 | $86.7M)
Farm Products (Meatbox)
(# Cos: 5 | $86.7M)
Marketplace (Tridge)
(# Cos: 5 | $86.7M)
Tridge
(2015, Seoul, $84.2M)
Meatbox
(2015, Seongnam-si, $2.5M)
SEAMON
(2018, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tridge (2015, Seoul)
$60.0M - Series C - Jul 2021

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
B2B Farm Produce Marketplace - South
Korea
19
27
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$60.0M(▲446%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$84.2M
1
-
2
1
Online Grocery (Kurly)
(# Cos: 45 | $785M)
B2B Ecommerce (SEAMON)
(# Cos: 8 | $86.7M)
Farm Produce (Meatbox)
(# Cos: 6 | $86.7M)
Multi-Category (Agrotrade)
(# Cos: 2 | $84.2M)
Marketplace (Tridge)
(# Cos: 2 | $84.2M)
Tridge
(2015, Seoul, $84.2M)
Agrotrade
(1967, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tridge (2015, Seoul)
$60.0M - Series C - Jul 2021

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks - South Korea
20
28
Back to index
Blockchain Infrastructure (Penta Security)
(# Cos: 53 | $301M)
Blockchain Network (Terra)
(# Cos: 21 | $208M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$60.0M(▲422%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$208M
11
-
21
3
Terra
(2018, Seoul, $125M)
Icon Foundation
(2017, Yeongdeungpo)
ICONLOOP
(2016, Seoul, $13.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Luniverse (2018, Seoul)
$60.0M - Series B - Dec 2021
AndusChain (2018, Seocho)
Undisclosed - Seed - Nov 2021

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Comics Reading Apps - South Korea
21
29
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$56.0M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$104M
4
1
18
2
Book Tech (Ridibooks)
(# Cos: 38 | $173M)
Book Reading (Toomics)
(# Cos: 25 | $104M)
Apps (COMICO)
(# Cos: 25 | $104M)
Comics (Lezhin)
(# Cos: 18 | $104M)
Lezhin
(2013, Seoul, $47.8M)
COMICO
(2014, Seongnam-si)
Toomics
(2015, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copin Comics (2020, Seoul)
$43.0M - Series C - Jan 2022
Copin Comics (2020, Seoul)
$13.0M - Series B - Sep 2021

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Life Science R&D Workflow
Management Software - South Korea
22
30
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$54.5M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$68.0M
1
-
1
1
Life Sciences Tech (ChunLab)
(# Cos: 54 | $116M)
Research & Development (PharmCADD)
(# Cos: 50 | $116M)
Drug Informatics (3billion)
(# Cos: 16 | $94.3M)
R&D Workflow Management
(Standigm)
(# Cos: 1 | $68.0M)
Standigm
(2015, Seoul, $68.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Standigm (2015, Seoul)
$44.5M - Series C - Mar 2021
Standigm (2015, Seoul)
$10.0M - Series C - Jul 2021

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Virtual K-12 Math Tutoring Platform -
South Korea
23
31
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$50.0M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$105M
1
-
2
1
K-12 EdTech (Knowre)
(# Cos: 147 | $154M)
B2C Learning Solutions (LUXROBO)
(# Cos: 80 | $118M)
School Curriculum (BLUEPIN)
(# Cos: 34 | $113M)
Math (Storysem)
(# Cos: 8 | $105M)
Online Tutoring (Dongnyang)
(# Cos: 2 | $105M)
Virtual Tutor (Mathpresso)
(# Cos: 2 | $105M)
Mathpresso
(2015, Gangnam, $105M)
Dongnyang
(2019, Gwangju)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mathpresso (2015, Gangnam)
$50.0M - Series C - Jun 2021
Mathpresso (2015, Gangnam)
Undisclosed - Series C - Nov 2021

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Job Boards - South Korea
24
32
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$48.0M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$48.0M
2
-
9
0
HRTech (Jobplanet)
(# Cos: 77 | $113M)
Job Board (gubgoo.com)
(# Cos: 27 | $48.0M)
Industry Specific (Saramin)
(# Cos: 17 | $48.0M)
Multi Industry (JOBKOREA)
(# Cos: 9 | $48.0M)
JOBKOREA
(1996, Seoul, $48.0M)
Saramin
(2005, Seoul)
findjob.co.kr
(1999, Seocho)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
JOBKOREA (1996, Seoul)
$48.0M - Series C - Aug 2021
JOBBAND (2004, Seoul)
Undisclosed - Seed - Aug 2021

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Personal Loans - South
Korea
25
33
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$43.9M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$60.3M
3
-
7
1
Alternative Lending (Bank Salad)
(# Cos: 62 | $418M)
Online Lenders (Tera Funding)
(# Cos: 50 | $345M)
Consumer Loans (ShinhanCard)
(# Cos: 29 | $156M)
Personal Loans (True Balance)
(# Cos: 8 | $150M)
Marketplace (Popfunding)
(# Cos: 7 | $60.3M)
P2P (Lendit)
(# Cos: 7 | $60.3M)
Lendit
(2015, Seoul, $60.3M)
Popfunding
(2009, Seongnam-si)
Fundus
(2015, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lendit (2015, Seoul)
$43.9M - Series C - Jul 2021

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Laundrygo (1999, Seoul)
$43.0M - Series C - Sep 2021
Online Laundry Services Providers -
South Korea
26
34
Back to index
Local Services (Soomgo)
(# Cos: 91 | $99.9M)
Laundry (Laundrygo)
(# Cos: 8 | $65.9M)
Asset-heavy (WashSwat)
(# Cos: 8 | $65.9M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$43.0M(▲210%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$65.9M
4
-
8
2
WashSwat
(2015, Seoul, $2.8M)
Laundrygo
(1999, Seoul, $62.3M)
Washon
(2014, Seoul, $860K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Tours (2000, Seoul)
$41.9M - Series C - Oct 2021
Online Travel Agencies - South Korea
27
35
Back to index
Online Travel (Socar)
(# Cos: 142 | $2.7B)
Horizontal (Online Tours)
(# Cos: 6 | $110M)
Online Agency (My Real Trip)
(# Cos: 5 | $110M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$41.9M(▲16.4%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$110M
4
-
5
2
My Real Trip
(2012, Seoul, $68.6M)
Online Tours
(2000, Seoul, $41.9M)
Gajago
(2015, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Trucking Transportation Management
System - South Korea
28
36
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$38.5M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.5M
1
-
3
1
Logistics Tech (Coupang)
(# Cos: 110 | $503M)
Freight (Slab)
(# Cos: 43 | $55.4M)
Trucking (HOWSER)
(# Cos: 21 | $53.3M)
Technology Enablers (A.I. Matics)
(# Cos: 10 | $52.4M)
Transportation Management System
(Logospot)
(# Cos: 3 | $38.5M)
Logospot
(2005, Seoul, $38.5M)
UHL
(2020, Seoul)
Fly Cargo
(2020, Incheon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Logospot (2005, Seoul)
$25.3M - Series C - Dec 2021
Logospot (2005, Seoul)
$13.3M - Series C - May 2021

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Alternative Android App Stores - South
Korea
29
37
Back to index
Alternate App Stores (Onestore)
(# Cos: 2 | $124M)
Android (One Store)
(# Cos: 1 | $124M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$38.4M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$124M
1
-
1
1
One Store
(2016, Seongnam-si, $124M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
One Store (2016, Seongnam-si)
$23.1M - Series B - Mar 2021
One Store (2016, Seongnam-si)
$15.3M - Series B - Jun 2021

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Salon Booking Platforms - South Korea
30
38
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$35.8M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$35.8M
2
-
4
1
Beauty Tech (Althea)
(# Cos: 126 | $116M)
Beauty Services (Mazzang)
(# Cos: 7 | $35.8M)
Appointment Booking (Hey Beauty)
(# Cos: 4 | $35.8M)
Salon Booking (KakaoHairShop)
(# Cos: 4 | $35.8M)
KakaoHairShop
(undefined, Jeju-si, $35.8M)
Hey Beauty
(2015, Gangnam)
New Aura
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
KakaoHairShop (Jeju-si)
$35.8M - Series B - Jun 2021

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Subscription Video On Demand - South
Korea
31
39
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$35.3M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$59.6M
3
-
4
1
OTT Video (AfreecaTV)
(# Cos: 56 | $113M)
OTT Streaming Platforms (PandoraTV)
(# Cos: 19 | $78.1M)
Video On Demand (VOD) (Laftel)
(# Cos: 5 | $59.6M)
Film & TV (Tving)
(# Cos: 5 | $59.6M)
Subscription (SVOD) (Viki)
(# Cos: 4 | $59.6M)
Viki
(2010, Seoul, $24.3M)
Tving
(2011, Seoul, $35.3M)
Laftel
(2014, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tving (2011, Seoul)
$35.3M - Series C - Jun 2021

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Robotics in Manufacturing - South Korea
32
40
Back to index
Manufacturing Tech (MakinaRocks)
(# Cos: 55 | $73.9M)
Robotics (Doosan Robotics)
(# Cos: 14 | $35.4M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$33.7M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$35.4M
9
4
14
1
Doosan Robotics
(2015, Suwon-si, $33.7M)
Hyundai Robotics
(1984, Daegu)
Neuromeka
(2013, Seoul, $1.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Doosan Robotics (2015, Suwon-si)
$33.7M - Series C - Jan 2022

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
HRMS for Enterprises - South Korea
33
41
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$32.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.6M
2
-
2
2
HRTech (Jobplanet)
(# Cos: 77 | $113M)
HRMS (CheckedIn365)
(# Cos: 5 | $50.6M)
Suite (flex)
(# Cos: 4 | $50.6M)
Enterprise (Swingvy)
(# Cos: 2 | $50.6M)
Swingvy
(2016, Seoul, $8.6M)
flex
(2018, Seoul, $42.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
flex (2018, Seoul)
$32.0M - Series B - Jan 2022

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Savings Comparison Platform - South
Korea
34
42
Back to index
Banking Tech (Kbank)
(# Cos: 25 | $155M)
Savings Comparison Platform (Bank Salad)
(# Cos: 1 | $68.1M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$31.0M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$68.1M
1
-
1
1
Bank Salad
(2012, Seoul, $68.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bank Salad (2012, Seoul)
$22.3M - Series C - Jun 2021
Bank Salad (2012, Seoul)
$8.7M - Series C - Aug 2021

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Loan Comparison Platforms -
South Korea
35
43
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$31.0M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$68.1M
2
-
3
1
Alternative Lending (True Balance)
(# Cos: 62 | $418M)
Lead Generation Platforms (Finnq)
(# Cos: 6 | $73.3M)
Loan Comparison Platforms (Finda)
(# Cos: 6 | $73.3M)
Diversified (Bank Salad)
(# Cos: 3 | $68.1M)
Bank Salad
(2012, Seoul, $68.1M)
FINSET
(2017, Yeongdeungpo)
Loan Cafe
(2017, Daejeon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bank Salad (2012, Seoul)
$22.3M - Series C - Jun 2021
Bank Salad (2012, Seoul)
$8.7M - Series C - Aug 2021

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Smart home Gym Equipment - South
Korea
36
44
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$30.4M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.4M
1
-
1
0
Fitness & Wellness Tech (Welt)
(# Cos: 109 | $35.5M)
Physical Fitness (ONESOFTDIGM)
(# Cos: 72 | $35.4M)
Smart Exercising Equipment (ZOM)
(# Cos: 4 | $33.4M)
Smart Equipment and Accessories
(Tangram Factory)
(# Cos: 4 | $33.4M)
Home Gyms (Ronfic)
(# Cos: 1 | $30.4M)
Ronfic
(2016, Gangseo, $30.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ronfic (2016, Gangseo)
$30.4M - Series A - Jan 2022

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Curocell (2016, Yuseong)
$30.0M - Series D - Jan 2022
Hematologic Cancer Drugs - South Korea
37
45
Back to index
Oncology (Orum Therapeutics)
(# Cos: 143 | $630M)
Drugs (ABL Bio)
(# Cos: 111 | $548M)
Blood Cancer (Curocell)
(# Cos: 1 | $82.4M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$30.0M(▼19.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$82.4M
1
-
1
0
Curocell
(2016, Yuseong, $82.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Meal Kits Delivery - South Korea
38
46
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$28.6M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.6M
1
-
2
1
Online Grocery (Iidus)
(# Cos: 45 | $785M)
B2C Ecommerce (Kurly)
(# Cos: 33 | $598M)
Recipe Box (TasteShop)
(# Cos: 2 | $28.6M)
Meals (Cookat)
(# Cos: 2 | $28.6M)
Cookat
(2018, Seoul, $28.6M)
TasteShop
(2013, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cookat (2018, Seoul)
$28.6M - Series B - Jun 2021

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Designer Fashion Retailer - South
Korea
39
47
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$27.6M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.6M
2
-
3
0
Fashion Tech (StyleShare)
(# Cos: 217 | $531M)
B2C Commerce (Stripes)
(# Cos: 194 | $505M)
Multi Category (Zig Zag)
(# Cos: 101 | $501M)
Inventory-led (Trenbe)
(# Cos: 60 | $331M)
Retailer (Musinsa)
(# Cos: 59 | $331M)
Designer (Balaan)
(# Cos: 3 | $27.6M)
Balaan
(2015, Seoul, $27.6M)
Atney
(1997, Songpa-gu)
Yble
(2021, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Balaan (2015, Seoul)
$27.6M - Series B - Oct 2021

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Fast Five (2015, Seoul)
$27.0M - Series B - Jun 2021
Managed CoWorking Spaces - South
Korea
40
48
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Commercial Real Estate Tech (ZIGBANG)
(# Cos: 16 | $201M)
CoWorking (Hive Arena)
(# Cos: 5 | $56.2M)
Managed (Fast Five)
(# Cos: 5 | $56.2M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$27.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$56.2M
3
-
5
1
Fast Five
(2015, Seoul, $56.2M)
Hive Arena
(2014, Gangnam)
cociety
(2019, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online English Tutoring - South Korea
41
49
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Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$26.9M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$26.9M
5
1
14
1
Continued Learning (Class101)
(# Cos: 152 | $88.3M)
Vocational (CLASS101)
(# Cos: 118 | $84.0M)
Language Learning (HayanMind)
(# Cos: 91 | $33.9M)
English (BeNative)
(# Cos: 47 | $32.9M)
Online Tutoring (Ringle)
(# Cos: 14 | $26.9M)
Ringle
(2015, Gangnam, $26.9M)
Spicus
(2009, Seoul)
JLS English School
(1986, Cheongju-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ringle (2015, Gangnam)
$18.0M - Series A - Jun 2021
Ringle (2015, Gangnam)
$8.9M - Series A - Mar 2021

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
n.thing (2014, Seoul)
$26.0M - Series B - Oct 2021
Autonomous Growing Systems - South
Korea
42
50
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Crop Tech (Tridge)
(# Cos: 56 | $306M)
Autonomous Farming (Manna CEA)
(# Cos: 13 | $27.7M)
Growing Systems (n.thing)
(# Cos: 5 | $27.7M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$26.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.7M
3
-
5
1
n.thing
(2014, Seoul, $27.7M)
Manna CEA
(2013, Icheon)
Bloom Engine
(2016, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Vocational Skills Courses - South
Korea
43
51
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$26.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.8M
5
-
6
2
Continued Learning (BeNative)
(# Cos: 152 | $88.3M)
Vocational (Ringle)
(# Cos: 118 | $84.0M)
Multi Disciplinary (Class101)
(# Cos: 15 | $50.2M)
Online Courses (CLASS101)
(# Cos: 6 | $46.8M)
CLASS101
(2018, Seoul, $36.3M)
Class101
(2015, Seoul, $10.5M)
ViBLE
(2019, Yongsan-gu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CLASS101 (2018, Seoul)
$26.0M - Series B - Sep 2021

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooter Rentals -
South Korea
44
52
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Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$24.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.0M
4
-
7
1
Electric Vehicles (Samsung SDI)
(# Cos: 66 | $95.3M)
Vehicle as a Service (Alpaca)
(# Cos: 14 | $24.0M)
Kick Scooters (KICKGOING)
(# Cos: 10 | $24.0M)
Free Float (Swing Mobility)
(# Cos: 7 | $24.0M)
Swing Mobility
(2020, Gangnam, $24.0M)
Alpaca
(2018, Seocho)
SWING
(2018, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swing Mobility (2020, Gangnam)
$24.0M - Series B - Feb 2022

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Digital Twin Based Asset Visualization -
South Korea
45
53
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Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$24.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.0M
1
-
2
1
Digital Twin (Urbanbase)
(# Cos: 5 | $45.3M)
Products (Beamo)
(# Cos: 3 | $25.3M)
Multi-Industry (TIM Solution)
(# Cos: 3 | $25.3M)
Asset Visualization (3i)
(# Cos: 2 | $24.0M)
3i
(2017, Mapo-dong, $24.0M)
Beamo
(2017, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
3i (2017, Mapo-dong)
$24.0M - Series A - Sep 2021

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Neural Processing Unit - South Korea
46
54
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Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$22.2M( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.2M
1
-
1
0
Digital ICs (SK hynix)
(# Cos: 24 | $22.2M)
Microprocessors (Nextchip)
(# Cos: 10 | $22.2M)
Artificial Intelligence and Machine
Learning (Rebellions)
(# Cos: 3 | $22.2M)
Neural Processing Unit (DEEPX)
(# Cos: 1 | $22.2M)
DEEPX
(2018, Seongnam-si, $22.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DEEPX (2018, Seongnam-si)
$17.7M - Series B - May 2021
DEEPX (2018, Seongnam-si)
$4.5M - Series A - Apr 2021

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Document Management - South Korea
47
55
Back to index
Digital Transaction Management (ModuSign)
(# Cos: 19 | $32.4M)
Document Management (Aston)
(# Cos: 14 | $30.2M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$21.2M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.2M
6
-
14
1
Aston
(2017, Seoul, $9.0M)
Synapsoft
(2002, Seoul)
ePapyrus
(2003, Seongnam-si, $21.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ePapyrus (2003, Seongnam-si)
$21.2M - Series A - Feb 2022

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
MORAI (2018, Yuseong)
$20.8M - Series B - Feb 2022
Autonomous Driving Simulation
Platforms - South Korea
48
56
Back to index
Autonomous Vehicles (Hyundai Motor Group)
(# Cos: 30 | $216M)
Testing (Automated Vehicle Lab)
(# Cos: 2 | $24.9M)
Simulation (MORAI)
(# Cos: 1 | $24.9M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$20.8M(▲1056%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.9M
1
-
1
0
MORAI
(2018, Yuseong, $24.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Aortic Disease Treatment Devices -
South Korea
49
57
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Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$20.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.0M
1
-
1
1
Cardiac and Vascular Disorders (Bertis)
(# Cos: 35 | $43.5M)
Medical Devices (BiLab)
(# Cos: 26 | $43.5M)
Therapeutic Devices (Samyang BioPharm)
(# Cos: 8 | $30.0M)
Coronary and Peripheral Vascular
Diseases (CARDIOTEC)
(# Cos: 4 | $30.0M)
Aortic Diseases (Sky Labs)
(# Cos: 1 | $30.0M)
Sky Labs
(2015, Seongnam-si, $30.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sky Labs (2015, Seongnam-si)
$20.0M - Series B - Jun 2021

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Heart Health Monitoring Device - South
Korea
50
58
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$20.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.0M
3
-
5
1
Disease Self Management (EoFlow)
(# Cos: 131 | $61.2M)
Cardiac and Vascular Disorders (H2 Care)
(# Cos: 8 | $30.0M)
Monitoring (MEZOO)
(# Cos: 8 | $30.0M)
Heart Health (Wellysis)
(# Cos: 5 | $30.0M)
Device (Sky Labs)
(# Cos: 5 | $30.0M)
Sky Labs
(2015, Seongnam-si, $30.0M)
Wellysis
(2019, Seoul)
MEZOO
(2014, Wonju)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sky Labs (2015, Seongnam-si)
$20.0M - Series B - Jun 2021

59. South Korea Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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South Korea Tech - Top Business Models Report
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