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1. TRACXN MONTHLY REPORT
SEPTEMBER 2021
SOUTH KOREA TECH

2. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies 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 7
New Analyst Picks 8
IPOs 11
Acquisitions 12
Recent News 13

3. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech Snapshot – September 2021
South Korea Tech: Snapshot – September 2021
Note : "Investors" refers to "Institutional Investors" only
3
$133M
4 1
Overall Geo Stats
2
1
16
23
4
Funding Rounds $ Invested Analyst Picks
Laundrygo
Upgraded to
SOONICORN
New Investors
NBH Bank
Genie Music
Series A+ rounds Active Investors IPOs
BioPlus
Acquisitions
GtreeBNT#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Seoul
(3 Rounds, $109M)
Mapo-dong
(1 Rounds, $24M)
$43M - Series C
Laundrygo (1999, Seoul, $62.3M)
$39.6M - Series C
Millie's Library (2017, Seoul, $39.6M)
$26M - Series B
CLASS101 (2018, Seoul, $36.3M)
$24M - Series A
3i (2017, Mapo-dong, $24M)
DSASSET
(2 Investments)
Korean Development
Bank
(1 Investments)
Samsung Venture
Investment
(1 Investments)
Genie Music
(1 Investments)
Local Services
Laundrygo
Book Tech
Millie's Library
Subscription Commerce
Continued Learning
CLASS101
Market Size
Companies Covered 5,821
Funded Companies 2,329
Total Funding $18.9B
Funding in last 12 months $4.6B
Top Exits
IPOs 386
Acquisitions 104
Company Stage
Unicorns 13
Soonicorns 29
Minicorns 136
Editor Picks 724
Series A+ 415
Series C+ 86
Acqui-Hires 1
Deadpooled 386
Top Cities
Seoul (603 Rounds, $5.7B)
Gangnam (172 Rounds, $4.4B)
Top Investors
LB Investment (55 Investments)
Stonebridge Capital (54 Investments)

4. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of South Korea Tech as of September 2021
South Korea Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (September 2021)*
Laundrygo
(1999, Seoul, $62.3M)
$43.0M - Series C Altos Ventures Capital
Millie's Library
(2017, Seoul, $39.6M)
$39.6M - Series C Genie Music
CLASS101
(2018, Seoul, $36.3M)
$26.0M - Series B Goodwater Capital
3i
(2017, Mapo-dong, $24.0M)
$24.0M - Series A SV Investment
*Shows only the lead Investors

5. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in South Korea Tech in September 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
$39.6M - Series C
Millie's Library (2017, Seoul, $39.6M)
Online subscription-based platform offering e-books &
novels
Genie Music
LATE STAGE
$43.0M - Series C
Laundrygo (1999, Seoul, $62.3M)
Provider of an online platform for laundry services
Altos Ventures Capital, DSASSET, Samsung Venture
Investment
EARLY STAGE
$24.0M - Series A
3i (2017, Mapo-dong, $24.0M)
Internet first brand offering interactive pods
SV Investment, Korean Development Bank, LB
Investment, DSASSET, Inlight Ventures, and 3 more
EARLY STAGE
$26.0M - Series B
CLASS101 (2018, Seoul, $36.3M)
Online platform providing hobby-based multi-
disciplinary learning solutions
Goodwater Capital, kt Investment., Klim, Strong
Ventures, Mirae Asset

6. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in South Korea Tech in September 2021
South Korea Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
NBH Bank
1 portfolio companies | Special purpose bank-community
3i
Internet first brand offering interactive pods
$24.00M Series A
Genie Music
1 portfolio companies | Online Korean music streaming platform
Millie's Library
Online subscription-based platform offering e-books & novels
$39.65M Series C

7. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies 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.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Hotel Aggregators $1.7B 1 Yanolja | $1.7B | Series E
2 <> 0 Digital Wallets $470M 2 Toss | $410M | Series F
3 ▲1 Account Linked Expense Aggregation $410M 1 Toss | $410M | Series F
4 ▲77 Car Ride Hailing $375M 3 Kakao Mobility | $200M | Series C
5 ▲3 Online Test Preparation Tutoring $175M 1 Riiid | $175M | Series D
6 -- Film Subtitling Software $160M 1 IYUNO Media G.. | $160M | Series D
7 -- Video Closed Captions and Subtitles $160M 1 IYUNO Media G.. | $160M | Series D
8 ▲14 Drugs for Multiple Cancer Types $102M 5 Orum Therape.. | $54.0M | Series B
9 ▲2 PC and Console Core MMO Game Developers $85.8M 1 Npixel | $85.8M | Series B
10 <> 0 Mobile MMO Game Developers $85.8M 1 Npixel | $85.8M | Series B

8. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/3)
Interesting Companies identified by Analysts in South Korea Tech in September 2021
South Korea Tech: Analyst Picks
8
Upgraded to SOONICORN
Laundrygo (1999, Seoul, $13.9M, Series B)
Provider of an online platform for laundry services
Hana Ventures, Altos Ventures Capital, Korea
Investment Partners and 5 other Investors
Upgraded to MINICORN
Millie's Library (2017, Seoul, $39.6M, Series C)
Online subscription-based platform offering e-books &
novels
Korea Investment Partners,Kolon Investments,Genie
Musicand
Upgraded to MINICORN
CLASS101 (2018, Seoul, $26.0M, Series B)
Online platform providing hobby-based multi-
disciplinary learning solutions
Mirae Asset, Strong Ventures, SpringCamp and 4 other
Investors
Added to Editor's Pick
KB Securities (1962, Geumcheon, Unfunded)
Online trading platform for stocks, ETFs, equity, and
power
Added to Editor's Pick
AItrics (2016, Seoul, $6.9M, Series A)
Develops AI-powered clinical decision support system
Mohammed Bin Rashid Innovation Fund, BSK
Investment, Kiwoom Securities and 4 other Investors
Added to Editor's Pick
Routinery (2020, Seocho, Unfunded)
Provider of a mobile application to track and manage
habits
Added to Editor's Pick
BoMap (2016, Seoul, $1.7M, Seed)
Insurance policy management app
Lotte Accelerator,Shinhan FUTURE'S LABand

9. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/3)
Interesting Companies identified by Analysts in South Korea Tech in September 2021
South Korea Tech: Analyst Picks
9
Added to Editor's Pick
Jo Ara (2000, Geumcheon, Unfunded)
Online comic book reading platform
Added to Editor's Pick
Hitai (2014, Guro-dong, Unfunded)
Provider of an online listing application for massage
services
Added to Editor's Pick
T1 (2003, Seoul, Unfunded)
Esports player organization
Added to Editor's Pick
COMICO (2014, Seongnam-si, Unfunded)
Online comic book reading platform
Added to Editor's Pick
Deep Search (2004, Seoul, $2.6M, Series C)
Financial data and research platform
Korea Investment Partners, Plug and Play APAC,
Laguna Investment and 3 other Investors
Added to Editor's Pick
LingoAny (2020, Seoul, Unfunded)
Mobile & AI-based platform providing Korean language
learning solutions
Added to Editor's Pick
GNali (2013, Seongnam-si, Unfunded)
Provider of a GPS and cloud-based cell phone tracking
application
Added to Editor's Pick
Meissa (2017, Seocho, $200K, Seed)
Provider of drone-based geospatial analytics platform
for construction industries
Kingsley Ventures,Titansand
Added to Editor's Pick
Hyeongkyu (2008, Unfunded)
App-based platform offering live bus transit
information services
Added to Editor's Pick
GUSL (2021, Gangnam, Unfunded)
Provider of live video-based platform offering second-
hand clothes
Added to Editor's Pick
SQLGate (2018, Seoul, Unfunded)
Cloud based integrated dedicated environments for
databases
Added to Editor's Pick
Mr. H (2018, Seoul, Unfunded)
Provider of a wireless mixed reality headset

10. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (3/3)
Interesting Companies identified by Analysts in South Korea Tech in September 2021
South Korea Tech: Analyst Picks
10
Added to Editor's Pick
IMQA (2017, Yongsan-dong, Unfunded)
Cloud based mobile application performance
monitoring solutions provider
Added to Editor's Pick
Datamaker (2019, Yuseong, Unfunded)
Artificial intelligence based speech analytics solution
provider
Added to Editor's Pick
SEOK (2019, Anyang-si, Unfunded)
Manufacturer of diversified sensors for the automotive
industry
Added to Editor's Pick
ABACUS (2019, Yeongdeungpo, Unfunded)
Provider of an AI-based platform for ML applications

11. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
27 Sep 2021
BioPlus (2003, Seoul, )
Aesthetic products for skin tissue regeneration
$0.0B KRX:99430
IPOs
List of IPOs in South Korea Tech in September 2021
South Korea Tech: IPOs
11

12. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in South Korea Tech in September 2021
South Korea Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
28 Sep 2021
GtreeBNT(2000, Seongnam-si)
Developer of therapies for treating brain cancer
HLB

13. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in South Korea Tech in September 2021
South Korea Tech:News
13
Exit News
.
● Kioxia favours IPO over Western Digital merger offer Reuters
.
● Kakao Pay to raise up to KRW 1.5 trillion in IPO Telecompaper
.
● Genome & Company acquires US-based List Labs for $27 million The Korea Times
.
● RegeneRx Licensee Acquired by Korean Biopharma Group Contract Pharma
.
● South Korea’s Kakao Pay Delays $1.3B IPO Over Regulatory Concerns
PYMNTS.com
.
● Crescendo-Backed Singapore Startup Qxpress Weighs U.S. IPO BloombergQuint
.
● GC LabCell merges with GC Cell for synergy in cell therapy market Pulse
.
● Synopsys acquires BU from BISTel Evertiq
.
Company News
.
● FDA approves first Lucentis injection biosimilar for treating eye diseases
MassDevice

14. South Korea Tech - September 2021 Copyright © 2021, Tracxn Technologies 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
14
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 Yanolja
Cap Tables of Toss
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

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