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1. TRACXN MONTHLY REPORT
APRIL 2021
SOUTH KOREA TECH

2. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
South Korea Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 8
New Analyst Picks 9
Acquisitions 10
Recent News 11

3. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech Snapshot – April 2021
South Korea Tech: Snapshot – April 2021
Note : "Investors" refers to "Institutional Investors" only
3
$274M
7
Overall Geo Stats
11
2
12
5
8
Funding Rounds $ Invested Analyst Picks
IYUNO Media
Group Upgraded to
SOONICORN
New Investors
Samyang Holdings
Beyond Next Ventures
Series A+ rounds Active Investors IPOs Acquisitions
Samsung Display#@
croquis.com#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Yuseong
(3 Rounds, $25.9M)
Seoul
(2 Rounds, $167M)
Seongnam-si
(1 Rounds, $50M)
Gangnam
(1 Rounds, $2.7M)
$160M - Series D
IYUNO Media Group (2002, Seoul,
$160M)
$50M - Series C
Kakao Mobility (2017, Seongnam-si,
$297M)
$27.9M - Series B
Coinone (2014, Yeongdeungpo, $27.9M)
$11M - Series B
CONTEC (2015, Yuseong, $11M)
SoftBank Ventures Asia
(1 Investments)
Korean Development
Bank
(1 Investments)
Google
(1 Investments)
Storm Ventures
(1 Investments)
Tech for Film & TV
IYUNO Media Group
Road Transport Tech
Kakao Mobility
NewSpace
CONTEC
Energy Storage Tech
Standard Energy
Market Size
Companies Covered 5,237
Funded Companies 2,416
Total Funding $15.1B
Funding in last 12 months $2.0B
Top Exits
IPOs 453
Acquisitions 107
Company Stage
Unicorns 12
Soonicorns 27
Minicorns 118
Editor Picks 636
Series A+ 430
Series C+ 90
Acqui-Hires 1
Deadpooled 408
Top Cities
Seoul (617 Rounds, $4.8B)
Gangnam (156 Rounds, $1.8B)
Top Investors
LB Investment (55 Investments)
Korea Investment Partners (55
Investments)

4. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of South Korea Tech as of April 2021
South Korea Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2021)*
IYUNO Media Group
(2002, Seoul, $160M)
$160M - Series D SoftBank Vision Fund
Kakao Mobility
(2017, Seongnam-si, $297M)
$50.0M - Series C Google
CONTEC
(2015, Yuseong, $11.0M)
$11.0M - Series B
Standard Energy
(2013, Yuseong, $22.5M)
$8.9M - Series C SoftBank Ventures Asia
Olive Union
(2016, Seoul, $20.0M)
$7.0M - Series B Beyond Next Ventures
CLASSUM
(2016, Yuseong, $6.0M)
$6.0M - Series A Smile Gate Investment
OPENEDGES
(2015, Gangnam, $28.2M)
$2.7M - Seed Korean Development Bank
*Shows only the lead Investors

5. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in South Korea Tech in April 2021
South Korea Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$8.9M - Series C
Standard Energy (2013, Yuseong, $22.5M)
Developer of redox flow batteries
SoftBank Ventures Asia
LATE STAGE
$50.0M - Series C
Kakao Mobility (2017, Seongnam-si, $296.6M)
App-based integrated transportation services
Google
LATE STAGE
$160.0M - Series D
IYUNO Media Group (2002, Seoul, $160.0M)
Subtitle, dubbing, captions solutions and post-
production services provider
SoftBank Vision Fund
EARLY STAGE
$6.0M - Series A
CLASSUM (2016, Yuseong, $6.0M)
Digital learning platform for classrooms
Storm Ventures, Big Basin Capital, Smile Gate
Investment
EARLY STAGE
$7.0M - Series B
Olive Union (2016, Seoul, $20.0M)
Developer of personal sound amplifying product
Beyond Next Ventures, JFC, Bonds Investment Group
EARLY STAGE
$11.0M - Series B
CONTEC (2015, Yuseong, $11.0M)
Operator of a network of ground stations
EARLY STAGE
$27.9M - Series B
Coinone (2014, Yeongdeungpo, $27.9M)
Blockchain-based financial products
GAMEVIL
SEED STAGE
$2.7M - Seed
OPENEDGES (2015, Gangnam, $28.2M)
Semiconductor IP provider for smart computing
Korean Development Bank, Hyundai Motor Group

6. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in South Korea Tech in April 2021
South Korea Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Samyang Holdings
1 portfolio companies | Brand of multi-category food & beverages products
PharmCADD
CAAD based drug discovery platform
$16.00M Series B
Beyond Next Ventures
28 portfolio companies | Seed centric tech and life sciences focused VC firm
investing primarily in Japan
Olive Union
Developer of personal sound amplifying product
$7.00M Series B
Hyundai Motor Group
1 portfolio companies | Developer of automotives and proprietary technology
solutions for various sectors
OPENEDGES
Semiconductor IP provider for smart computing
$2.70M Seed
SD Biosensor
1 portfolio companies | Biosensor development for point-of-care diagnostics
PharmCADD
CAAD based drug discovery platform
$16.00M Series B
GAMEVIL
Mobile Games developer and publisher focusing on Mid-Core games
Coinone
Blockchain-based financial products
$27.91M Series B
Bonds Investment Group
4 portfolio companies | Venture capital firm investing in early stage startups
Olive Union
Developer of personal sound amplifying product
$7.00M Series B
Huons
1 portfolio companies | Limited information available
PharmCADD
CAAD based drug discovery platform
$16.00M Series B
JFC
17 portfolio companies | Financial regulatory firm
Olive Union
Developer of personal sound amplifying product
$7.00M Series B
mapleinvestments.ca
1 portfolio companies |
PharmCADD
CAAD based drug discovery platform
$16.00M Series B
Daily Partners
4 portfolio companies | VC & startup accelerator focused on healthcare
PharmCADD
CAAD based drug discovery platform
$16.00M Series B

7. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in South Korea Tech in April 2021
South Korea Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Google
128 portfolio companies | Provider of keyword-based search engine platform
Kakao Mobility
App-based integrated transportation services
$50.00M Series C

8. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
8
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲9 Digital Wallets $366M 4 Toss | $173M | Series E
2 ▲72 Cab Ride-Hailing $250M 2 Kakao Mobility | $200M | Series C
3 ▲8 Discount Stock Brokers $173M 1 Toss | $173M | Series E
4 -- Film and TV Subtitling $160M 1 IYUNO Media G.. | $160M | Series D
5 -- Online Retailer of Home Improvement Products $70.0M 1 Bucketplace | $70.0M | Series C
6 ▲6 Self Drive Car Rentals $52.3M 1 Socar | $52.3M | Series F
7 -- Life Sciences R&D Workflow Management $44.5M 1 Standigm | $44.5M | Series C
8 ▲14
K-12 EdTech > B2B2C Learning Solutions > School
Curriculum > Multi Subject > Online Tutoring
$41.8M 1 Riiid | $41.8M | Series C
9 -- Online Travel Agencies $36.0M 1 My Real Trip | $36.0M | Series B
10 -- P2P $33.0M 1 Daangn Market | $33.0M | Series C

9. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in South Korea Tech in April 2021
South Korea Tech: Analyst Picks
9
Upgraded to SOONICORN
IYUNO Media Group (2002, Seoul, $160M, Series
D)
Subtitle, dubbing, captions solutions and post-
production services provider
Shamrock Capital Advisors,SoftBank Group,SoftBank
Vision Fundand
Upgraded to MINICORN
Standard Energy (2013, Yuseong, $8.9M, Series C)
Developer of redox flow batteries
SoftBank Ventures Asia, LB Investment, Dadam
Investment and 2 other Investors
Added to Editor's Pick
Habit Factory (2016, Yeongdeungpo, $1.6M, Series
A)
App-based consumer insurance management software
Sema Translink Investment,C&Venture Partnersand
Added to Editor's Pick
RAiDEA (2019, Seocho, Unfunded)
AI & SaaS-driven mobility management solution for
fleet operators
Added to Editor's Pick
RaonGames (2012, Daejeon, Unfunded)
Mobile-based casual games developer

10. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in South Korea Tech in April 2021
South Korea Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
01 Apr 2021
Samsung Display(2012, Yongin)
Manufacturer display technology products
TCL
15 Apr 2021
croquis.com(2002, Seoul)
App-based platform offering multi-category fashion products
Kakao

11. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in South Korea Tech in April 2021
South Korea Tech:News
11
Exit News
.
● Kakao Goes Voguish By Bringing Trendy Shopping Mall Zigzag Onboard Pulse
.
● Kakao seeks to acquire top fashion app Zig Zag The Korea Times
.
● Naver, Kakao in race to acquire local storytelling platform The Korea Times
.
● Kakao Bank files for Kospi debut possibly in July Pulse
.
● Krafton, the game developer of PlayerUnknown's Battlegrounds invested by
Tencent, will submit an IPO applicati... 36Kr
.
● Kakao in talks to acquire U.S. web storytelling platform Radish Pulse
.
● Market Kurly seeks W300 bil. in investments before IPO The Korea Times
.
● Kakao to secure command over Tapas to widen presence in U.S. content
market Pulse
.
People News
.
● SsangYong Motor in receivership ramps up cost-cutting driveThe Korea Times

12. South Korea Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about South Korea Tech on Tracxn Platform
South Korea Tech: Explore more on Tracxn Platform
12
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in South Korea
AI Companies in South Korea
Fintech Companies South Korea
Consumer Digital in South Korea
Company Due Diligence
Detailed profile of Coupang
Competitors of Toss
Cap Tables of Kakao Mobility
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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