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1. TRACXN TOP BUSINESS MODELS REPORT
November 10, 2021
SOUTH KOREA TECH

2. South Korea Tech - Top Business Models Report Copyright © 2021, 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 © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Funding in last 1 year
3
Online Travel $1.7B
Payments $498M
Online Grocery $360M
K-12 EdTech $231M
Horizontal E-Commerce $174M
Music Tech $164M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
NAVER D2 Startup Factory
Flybridge Capital Partners
Goodwater Capital
3
2
2
Early
Stage
LB Investment
KB Investment
Korea Investment Partners
4
4
4
Late
Stage
SoftBank Ventures Asia
Kakao Ventures
Korean Development Bank
4
4
3
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Yanolja
(2005, Gangnam)
$1.7B - Series E
Toss
(2015, Gangnam)
$410M - Series F
Kurly
(2015, Seoul)
$200M - Series F
Kakao Mobility
(2017, Seongnam-si)
$200M - Series C
Riiid
(2014, Gangnam)
$175M - Series D
Daangn Market
(2015, Seongnam-si)
$162M - Series D
IYUNO Media Group
(2002, Seoul)
$160M - Series D
Kakao Mobility
(2017, Seongnam-si)
$125M - Series C
42dot
(2019, Seoul)
$88.3M - Series A
Npixel
(2017, Gangnam)
$85.8M - Series B
Barogo
(2014, Gangnam)
$71.7M - Series C
Bucketplace
(2013, Seocho)
$70.0M - Series C
Gangnam (55%)
Seoul (24%)
Seongnam-si (14%)
Seocho (2%)
Seong-dong (1%)
Others (5%)

4. Copyright © 2021, 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<> 0 Digital Wallets $470M 2 Toss | $410M | Series F Link
3▲1 Account Linked Expense Aggregation $410M 1 Toss | $410M | Series F Link
4▲68 Car Ride Hailing $375M 3 Kakao Mobility | $200M | Series C Link
5▲3 Online Test Preparation Tutoring $175M 1 Riiid | $175M | Series D Link
6-- Film Subtitling Software $160M 1 IYUNO Media G.. | $160M | Series D Link
7-- Video Closed Captions and Subtitles $160M 1 IYUNO Media G.. | $160M | Series D Link
8▲14 Drugs for Multiple Cancer Types $102M 5 Orum Therape.. | $54.0M | Series B Link
9▲29 Autonomous Vehicle Fleet Management $88.3M 1 42dot | $88.3M | Series A Link
10▲2 PC and Console Core MMO Game Developers $85.8M 1 Npixel | $85.8M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, 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<> 0 Mobile MMO Game Developers $85.8M 1 Npixel | $85.8M | Series B Link
12-- Food Ordering Platforms $71.7M 1 Barogo | $71.7M | Series C Link
13-- Online Home Furnishing Products Retailer $70.0M 1 Bucketplace | $70.0M | Series C Link
14<> 0
B2B E-Commerce > Food & Beverages > Groceries >
Farm Products > Marketplace
$60.0M 1 Tridge | $60.0M | Series C Link
15<> 0 B2B Farm Produce Marketplace $60.0M 1 Tridge | $60.0M | Series C Link
16<> 0 B2B Fruits and Vegetables EDistrbutor $60.0M 1 Tridge | $60.0M | Series C Link
17-- Virtual K-12 Math Tutoring Platform $50.0M 1 Mathpresso | $50.0M | Series C Link
18-- Job Boards $48.0M 2 JOBKOREA | $48.0M | Series C Link
19-- Internet First P2P Personal Loans $43.9M 1 Lendit | $43.9M | Series C Link
20▲13 Online Laundry Services Providers $43.0M 1 Laundrygo | $43.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, 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▼11 Online Travel Agencies $41.9M 1 Online Tours | $41.9M | Series C Link
22▼15 Alternative Android App Stores $38.4M 2 One Store | $23.1M | Series B Link
23-- Salon Booking Platforms $35.8M 1 KakaoHairShop | $35.8M | Series B Link
24-- Subscription Video On Demand $35.3M 1 Tving | $35.3M | Series C Link
25▲14 White Label Robo Advisors $33.4M 1 Fount | $33.4M | Series C Link
26-- Savings Comparison Platform $31.0M 2 Bank Salad | $22.3M | Series C Link
27-- Online Loan Comparison Platforms $31.0M 2 Bank Salad | $22.3M | Series C Link
28-- Online Meal Kits Delivery $28.6M 1 Cookat | $28.6M | Series B Link
29-- Internet First Personal Loans $28.0M 1 True Balance | $28.0M | Series D Link
30-- Agent Based Payments $28.0M 1 True Balance | $28.0M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, 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-- English Tutoring Platforms $26.9M 2 Ringle | $18.0M | Series A Link
32-- Autonomous Growing Systems $26.0M 1 n.thing | $26.0M | Series B Link
33-- Online Vocational Courses $26.0M 1 CLASS101 | $26.0M | Series B Link
34-- Blockchain Protocol for Financial Services $25.0M 1 Terra | $25.0M | Series B Link
35-- Internet First Camera Accessories Brand $24.0M 1 3i | $24.0M | Series A Link
36-- Aortic Disease Treatment Devices $20.0M 1 Sky Labs | $20.0M | Series B Link
37-- Heart Health Monitoring Device $20.0M 1 Sky Labs | $20.0M | Series B Link
38-- Rehabilitation Robots $17.0M 2 H·ROBOTICS | $10.0M | Series B Link
39-- Orthopedic Rehabilitation Devices $17.0M 2 H·ROBOTICS | $10.0M | Series B Link
40-- Alzheimer Diseases Drugs $15.5M 1 PharmCADD | $15.5M | 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 © 2021, 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-- COVID-19 Drugs $15.5M 1 PharmCADD | $15.5M | Series B Link
42-- Drug Development Research Assays $15.5M 1 PharmCADD | $15.5M | Series B Link
43-- Cardiac Diagnostic Devices $13.5M 1 Bertis | $13.5M | Series B Link
44-- In Vitro Diagnostic Tests for Rare Diseases $13.0M 1 3billion | $13.0M | Series C Link
45-- News Content Marketplace $12.0M 1 Dable | $12.0M | Series C Link
46▼19 Online Multi Products Retailers $11.7M 1 Must It | $11.7M | Series A Link
47-- Neurological Disorder Drugs $11.4M 2 S-Alpha Thera.. | $8.7M | Series A Link
48▼31 Retinal Disorders Drugs $11.4M 2 S-Alpha Thera.. | $8.7M | Series A Link
49▼6 BIM Authoring Software $11.1M 1 Urbanbase | $11.1M | Series B Link
50-- Digital Twin Modelling Software $11.1M 1 Urbanbase | $11.1M | 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 © 2021, 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: 133 | $2.7B)
Accommodation (Tripbtoz)
(# Cos: 20 | $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 © 2021, 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)
$60.0M - Series B - Dec 2020
Digital Wallets - South Korea
02
10
Back to index
Payments (True Balance)
(# Cos: 92 | $1.9B)
Consumer Payments (Hyundai Card)
(# Cos: 33 | $1.2B)
Wallets (Toss)
(# Cos: 16 | $1.2B)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$470M (▲46.3%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
8
2
16
3
Toss
(2015, Gangnam, $940M)
Chai
(2018, Seong-dong, $75.0M)
Kakao Pay
(2012, Seongnam-si, $132M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Account Linked Expense Aggregation -
South Korea
03
11
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
$410M (▲137%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$940M
1
-
2
1
Investment Tech (Wadiz)
(# Cos: 97 | $1.1B)
Wealth Management Platforms (AIM)
(# Cos: 22 | $1.0B)
Expense Management (Habit Factory)
(# Cos: 10 | $943M)
Expenses Aggregation (TENQUBE)
(# Cos: 8 | $940M)
Account Linked (Toss)
(# Cos: 2 | $940M)
Toss
(2015, Gangnam, $940M)
Banq
(2017, Yeongdeungpo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Toss (2015, Gangnam)
$410M - Series F - Jun 2021

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Car Ride Hailing - 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
$375M (▲ >10K%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$425M
2
-
9
1
Road Transport Tech (Socar)
(# Cos: 122 | $743M)
Ride Hailing (TADA)
(# Cos: 18 | $437M)
Cars (MOSILER)
(# Cos: 18 | $437M)
Taxi (Macaront)
(# Cos: 15 | $436M)
Intracity (Konatus)
(# Cos: 13 | $436M)
Aggregator (Kakao Mobility)
(# Cos: 9 | $425M)
Kakao Mobility
(2017, Seongnam-si, $422M)
Konatus
(2018, Seongnam-si, $3.8M)
TADA
(2006, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
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)
$50.0M - Series C - Apr 2021

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Tutoring - South
Korea
05
13
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
$175M (▲319%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$250M
1
-
1
1
Test Preparation Tech (Brave Company)
(# Cos: 10 | $253M)
Digital Learning (TagHive)
(# Cos: 10 | $253M)
Diversified (U-Pass)
(# Cos: 2 | $250M)
Instructor-Led (Riiid)
(# Cos: 1 | $250M)
Riiid
(2014, Gangnam, $250M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Riiid (2014, Gangnam)
$175M - Series D - May 2021

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Film Subtitling Software - South Korea
06
14
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
$160M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$160M
1
-
2
1
Tech for Film & TV (Enswers)
(# Cos: 40 | $167M)
Filmed Entertainment (KOK PLAY)
(# Cos: 18 | $165M)
Post-Production (Coffin Communications)
(# Cos: 9 | $165M)
Subtitling (IYUNO Media Group)
(# Cos: 2 | $160M)
IYUNO Media Group
(2002, Seoul, $160M)
Subty
(2016, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
IYUNO Media Group (2002, Seoul)
$160M - Series D - Apr 2021

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Video Closed Captions and Subtitles -
South Korea
07
15
Back to index
Enterprise Video (Tomms)
(# Cos: 11 | $160M)
Captions and Subtitles (IYUNO Media Group)
(# Cos: 3 | $160M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$160M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$160M
2
-
3
1
IYUNO Media Group
(2002, Seoul, $160M)
Sovoro
(2017, Gangnam)
Subty
(2016, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
IYUNO Media Group (2002, Seoul)
$160M - Series D - Apr 2021

16. Copyright © 2021, 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
PharmCADD (2019, Busan)
$15.5M - Series B - Mar 2021
S-Alpha Therapeutics (2019, Seocho)
$8.7M - Series A - Jul 2021
S-Alpha Therapeutics (2019, Seocho)
$2.7M - Seed - Nov 2020
Drugs for Multiple Cancer Types - South
Korea
08
16
Back to index
Oncology (PharmAbcine)
(# Cos: 137 | $519M)
Drugs (ABL Bio)
(# Cos: 105 | $438M)
Diversified (Orum Therapeutics)
(# Cos: 76 | $310M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$102M (▲508%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$310M
60
16
76
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.

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Vehicle Fleet Management
- South Korea
09
17
Back to index
Autonomous Vehicles (SOS Lab)
(# Cos: 27 | $193M)
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

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
PC and Console Core MMO Game
Developers - South Korea
10
18
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 (▲232%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$125M
27
8
36
2
PC & Console Gaming (NCSOFT)
(# Cos: 140 | $177M)
Game Developers (Pearl Abyss)
(# Cos: 126 | $174M)
PC & Console Games (Krafton)
(# Cos: 102 | $166M)
Core Games (NEXON)
(# Cos: 76 | $166M)
MMO Games (WeMade Entertainment)
(# Cos: 36 | $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

19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Mobile 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 (▲197%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$124M
12
5
20
1
Mobile Gaming (NEXON)
(# Cos: 352 | $1.2B)
Game Developers (WeMade Entertainment)
(# Cos: 329 | $1.2B)
Core (Netmarble Games Corporation)
(# Cos: 57 | $907M)
MMO (Com2uS)
(# Cos: 20 | $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

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - 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
$71.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$564M
9
-
12
1
Food Tech (Catch TABLE)
(# Cos: 76 | $632M)
Food Discovery and Ordering (MangoPlate)
(# Cos: 38 | $614M)
Restaurant Aggregator (Barogo)
(# Cos: 16 | $564M)
Platform Delivered (Woowa Bros)
(# Cos: 12 | $564M)
Woowa Bros
(2011, Seoul, $452M)
Barogo
(2014, Gangnam, $101M)
Foodfly
(2011, Seoul, $623K)
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

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Home Furnishing Products
Retailer - South Korea
13
21
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
$70.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$80.0M
4
-
6
1
Home Improvements (El Factory)
(# Cos: 32 | $80.0M)
B2C Commerce (House Media)
(# Cos: 25 | $80.0M)
Horizontal (Home Decorator
Representative)
(# Cos: 7 | $80.0M)
Retailer (Bucketplace)
(# Cos: 6 | $80.0M)
Bucketplace
(2013, Seocho, $80.0M)
Home Decorator Represe..
(2014, Gangnam)
House Media
(2015, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bucketplace (2013, Seocho)
$70.0M - Series C - Nov 2020

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
B2B E-Commerce > Food & Beverages > Groceries > Farm
Products > Marketplace - South Korea
14
22
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 (▲179%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$86.7M
4
-
5
2
B2B E-Commerce (B2LiNK)
(# Cos: 39 | $113M)
Food & Beverages (Food Pang)
(# Cos: 7 | $86.7M)
Groceries (SEAMON)
(# Cos: 6 | $86.7M)
Farm Products (Meatbox)
(# Cos: 5 | $86.7M)
Marketplace (Tridge)
(# Cos: 5 | $86.7M)
Tridge
(2014, 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 (2014, Seoul)
$60.0M - Series C - Jul 2021

23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
B2B Farm Produce Marketplace - 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
$60.0M (▲179%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$84.2M
1
-
2
1
Online Grocery (Kurly)
(# Cos: 41 | $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
(2014, 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 (2014, Seoul)
$60.0M - Series C - Jul 2021

24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
B2B Fruits and Vegetables EDistrbutor -
South Korea
16
24
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 (▲179%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$84.2M
1
-
1
1
Crop Tech (n.thing)
(# Cos: 55 | $164M)
ECommerce (Agrotrade)
(# Cos: 7 | $86.7M)
Farm Produce (Food Pang)
(# Cos: 6 | $86.7M)
B2B (SEAMON)
(# Cos: 5 | $86.7M)
Fruits and Vegetables (Meatbox)
(# Cos: 5 | $86.7M)
E Distributor (Tridge)
(# Cos: 1 | $84.2M)
Tridge
(2014, Seoul, $84.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tridge (2014, Seoul)
$60.0M - Series C - Jul 2021

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Virtual K-12 Math Tutoring Platform -
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
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$69.8M
1
-
2
1
K-12 EdTech (Riiid)
(# Cos: 136 | $366M)
B2C Learning Solutions (LUXROBO)
(# Cos: 73 | $82.7M)
School Curriculum (BLUEPIN)
(# Cos: 32 | $77.5M)
Math (Storysem)
(# Cos: 7 | $69.8M)
Online Tutoring (Dongnyang)
(# Cos: 2 | $69.8M)
Virtual Tutor (Mathpresso)
(# Cos: 2 | $69.8M)
Mathpresso
(2015, Gangnam, $69.8M)
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

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Job Boards - 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
$48.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$48.0M
2
-
8
0
HRTech (Jobplanet)
(# Cos: 70 | $71.0M)
Job Board (gubgoo.com)
(# Cos: 22 | $48.0M)
Industry Specific (Saramin)
(# Cos: 13 | $48.0M)
Multi Industry (JOBKOREA)
(# Cos: 8 | $48.0M)
JOBKOREA
(1996, Seoul, $48.0M)
Saramin
(2005, Seoul)
JOBBAND
(2004, Seoul)
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

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Personal Loans - 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
$43.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$60.3M
3
-
7
1
Alternative Lending (Bank Salad)
(# Cos: 60 | $313M)
Online Lenders (People's Fund)
(# Cos: 49 | $276M)
Consumer Loans (ShinhanCard)
(# Cos: 28 | $150M)
Personal Loans (True Balance)
(# Cos: 8 | $150M)
Marketplace (Sirjuseyo)
(# Cos: 7 | $60.3M)
P2P (Lendit)
(# Cos: 7 | $60.3M)
Lendit
(2015, Seoul, $60.3M)
Sirjuseyo
(2017, Seoul)
Popfunding
(2009, Seongnam-si)
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

28. Copyright © 2021, 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
20
28
Back to index
Local Services (Soomgo)
(# Cos: 88 | $99.9M)
Laundry (WashSwat)
(# Cos: 8 | $65.9M)
Asset-heavy (Laundrygo)
(# 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
Laundrygo
(1999, Seoul, $62.3M)
WashSwat
(2015, Seoul, $2.8M)
Washon
(2014, Seoul, $860K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, 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
21
29
Back to index
Online Travel (Yanolja)
(# Cos: 133 | $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.

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Alternative Android App Stores - South
Korea
22
30
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 (▼55.2%)
2(▲100%)
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

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Salon Booking Platforms - 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
$35.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$35.8M
2
-
4
0
Beauty Tech (Althea)
(# Cos: 113 | $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

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Subscription Video On Demand - 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
$35.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$59.6M
3
-
4
1
OTT Video (Watcha)
(# Cos: 54 | $113M)
OTT Streaming Platforms (AfreecaTV)
(# 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

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Fount (2015, Seoul)
$33.4M - Series C - Oct 2021
White Label Robo Advisors - South
Korea
25
33
Back to index
Investment Tech (Toss)
(# Cos: 97 | $1.1B)
Wealth Management IT (Data & Analytics)
(# Cos: 2 | $49.0M)
White Label Robo Advisors (Fount)
(# Cos: 2 | $49.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$33.4M (▲177%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$49.0M
2
-
2
1
Fount
(2015, Seoul, $49.0M)
Data & Analytics
(2013, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Savings Comparison Platform - South
Korea
26
34
Back to index
Banking Tech (KakaoBank)
(# Cos: 25 | $118M)
Savings Comparison Platform (Bank Salad)
(# Cos: 1 | $31.0M)
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
-
$31.0M
1
-
1
1
Bank Salad
(2012, Seoul, $31.0M)
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

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Loan Comparison Platforms -
South Korea
27
35
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
-
$31.0M
2
-
3
1
Alternative Lending (True Balance)
(# Cos: 60 | $313M)
Lead Generation Platforms (Finnq)
(# Cos: 5 | $36.3M)
Loan Comparison Platforms (Finda)
(# Cos: 5 | $36.3M)
Diversified (Bank Salad)
(# Cos: 3 | $31.0M)
Bank Salad
(2012, Seoul, $31.0M)
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

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Meal Kits Delivery - 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
$28.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.6M
1
-
2
1
Online Grocery (Tridge)
(# Cos: 41 | $785M)
B2C Ecommerce (Kurly)
(# Cos: 29 | $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

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First Personal Loans - South
Korea
29
37
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
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$90.0M
1
-
1
1
Alternative Lending (Bank Salad)
(# Cos: 60 | $313M)
Online Lenders (People's Fund)
(# Cos: 49 | $276M)
Consumer Loans (ShinhanCard)
(# Cos: 28 | $150M)
Personal Loans (Lendit)
(# Cos: 8 | $150M)
Direct Lender (True Balance)
(# Cos: 1 | $90.0M)
True Balance
(2014, Gangnam, $90.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
True Balance (2014, Gangnam)
$28.0M - Series D - Nov 2020

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
True Balance (2014, Gangnam)
$28.0M - Series D - Nov 2020
Agent Based Payments - South Korea
30
38
Back to index
Payments (Toss)
(# Cos: 92 | $1.9B)
Business Payments (Naver Financial)
(# Cos: 41 | $770M)
Agent Based Payments (True Balance)
(# Cos: 1 | $90.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$90.0M
1
-
1
1
True Balance
(2014, Gangnam, $90.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
English Tutoring Platforms - 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
$26.9M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$26.9M
5
1
11
1
Continued Learning (CLASS101)
(# Cos: 138 | $85.0M)
Vocational (Class101)
(# Cos: 105 | $80.7M)
Language Learning (Qualson)
(# Cos: 78 | $33.9M)
English (BeNative)
(# Cos: 39 | $32.9M)
Online Tutoring (Ringle)
(# Cos: 11 | $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

40. Copyright © 2021, 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
32
40
Back to index
Crop Tech (Tridge)
(# Cos: 55 | $164M)
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.

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Vocational Courses - 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
$26.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.8M
5
-
6
2
Continued Learning (BeNative)
(# Cos: 138 | $85.0M)
Vocational (Ringle)
(# Cos: 105 | $80.7M)
Multi Disciplinary (CLASS101)
(# Cos: 15 | $46.8M)
Online Courses (Class101)
(# Cos: 6 | $46.8M)
Class101
(2015, Seoul, $10.5M)
CLASS101
(2018, Seoul, $36.3M)
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

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Terra (2018, Seoul)
$25.0M - Series B - Jan 2021
Blockchain Protocol for Financial
Services - South Korea
34
42
Back to index
Blockchain Infrastructure (Penta Security)
(# Cos: 49 | $241M)
Blockchain Network (Icon Foundation)
(# Cos: 17 | $148M)
Finance (Terra)
(# Cos: 7 | $128M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$128M
4
-
7
1
Terra
(2018, Seoul, $125M)
Nem
(2014, Daegu)
Peer
(2013, Gangnam, $3.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First Camera Accessories Brand
- 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
$24.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.0M
1
-
1
0
Consumer Electronics E-Commerce (Partron)
(# Cos: 23 | $24.0M)
Camera and Accessories (Avonne)
(# Cos: 3 | $24.0M)
Accessories (Prinics)
(# Cos: 3 | $24.0M)
Internet First Brand (3i)
(# Cos: 1 | $24.0M)
3i
(2017, Mapo-dong, $24.0M)
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

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Aortic Disease Treatment Devices -
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
$20.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.0M
1
-
1
1
Cardiac and Vascular Disorders (Bertis)
(# Cos: 34 | $43.5M)
Medical Devices (BiLab)
(# Cos: 25 | $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

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Heart Health Monitoring Device - South
Korea
37
45
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 (lululab)
(# Cos: 126 | $61.2M)
Cardiac and Vascular Disorders (H2 Care)
(# Cos: 8 | $30.0M)
Monitoring (BP Diary)
(# 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

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
H·ROBOTICS (2018, Pohang)
$10.0M - Series B - Oct 2021
H·ROBOTICS (2018, Pohang)
$7.0M - Series A - May 2021
Rehabilitation Robots - South Korea
38
46
Back to index
Consumer Robotics (Robotiz)
(# Cos: 39 | $30.3M)
Robotic Assistance (DOTHEAL)
(# Cos: 2 | $17.0M)
Mobility & Rehabilitation (H·ROBOTICS)
(# Cos: 1 | $17.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$17.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.0M
1
-
1
1
H·ROBOTICS
(2018, Pohang, $17.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Orthopedic Rehabilitation Devices -
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
$17.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.0M
4
-
5
1
Orthopedics (Medyssey)
(# Cos: 48 | $21.5M)
Medical Devices (Bio Solution)
(# Cos: 38 | $21.5M)
Therapies (EXOSYSTEMS)
(# Cos: 26 | $21.5M)
Rehabilitation (H·ROBOTICS)
(# Cos: 5 | $17.0M)
H·ROBOTICS
(2018, Pohang, $17.0M)
Todo Works
(2016, Siheung)
Hexa Human Care
(2016, Ansan-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
H·ROBOTICS (2018, Pohang)
$10.0M - Series B - Oct 2021
H·ROBOTICS (2018, Pohang)
$7.0M - Series A - May 2021

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Alzheimer Diseases Drugs - South Korea
40
48
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
$15.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.8M
5
-
7
1
Neurology (Ybrain)
(# Cos: 58 | $244M)
Drugs (S-Alpha Therapeutics)
(# Cos: 44 | $209M)
Neurodegenerative (D&D Pharmatech)
(# Cos: 24 | $197M)
Alzheimer Disease (PharmCADD)
(# Cos: 7 | $34.8M)
PharmCADD
(2019, Busan, $22.0M)
Amyloid Solution
(2017, Seongnam-si, $12.8M)
Shaperon
(2008, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmCADD (2019, Busan)
$15.5M - Series B - Mar 2021

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
COVID-19 Drugs - South Korea
41
49
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
$15.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.0M
3
-
3
1
Infectious Diseases (Seegene Technologies)
(# Cos: 54 | $29.7M)
Drugs (Eubiologics)
(# Cos: 24 | $29.5M)
Viral (Avixgen)
(# Cos: 12 | $22.0M)
COVID-19 (PharmCADD)
(# Cos: 3 | $22.0M)
PharmCADD
(2019, Busan, $22.0M)
Thelma
(1981, Gangnam)
GI Cell
(2019, Seongnam-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmCADD (2019, Busan)
$15.5M - Series B - Mar 2021

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
PharmCADD (2019, Busan)
$15.5M - Series B - Mar 2021
Drug Development Research Assays -
South Korea
42
50
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Life Sciences Platforms and Tools (Seegene
Technologies)
(# Cos: 198 | $90.5M)
Research Assays (Kanserop)
(# Cos: 11 | $22.0M)
Drug Discovery (PharmCADD)
(# Cos: 9 | $22.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$15.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.0M
6
1
9
1
PharmCADD
(2019, Busan, $22.0M)
Kanserop
(2001, Seoul)
BioActs
(1976, Namdong)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Cardiac Diagnostic Devices - 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
$13.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$13.5M
2
-
3
1
Cardiac and Vascular Disorders (BiLab)
(# Cos: 34 | $43.5M)
Medical Devices (Sky Labs)
(# Cos: 25 | $43.5M)
Screening Devices (Aurios Medical)
(# Cos: 4 | $13.5M)
Cardiac Diagnostic (Bertis)
(# Cos: 3 | $13.5M)
Bertis
(2014, Seongnam-si, $13.5M)
Wellysis
(2019, Seoul)
Xenex
(2016, Wonju)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bertis (2014, Seongnam-si)
$13.5M - Series B - Jun 2021

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
In Vitro Diagnostic Tests for Rare
Diseases - South Korea
44
52
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Rare Diseases (ToolGen)
(# Cos: 15 | $67.8M)
In Vitro Diagnostic Tests (3billion)
(# Cos: 1 | $25.7M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$13.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.7M
1
-
1
1
3billion
(2016, Seoul, $25.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
3billion (2016, Seoul)
$13.0M - Series C - Mar 2021

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
News Content Marketplace - South
Korea
45
53
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Tech for Digital Publishers (Gomics)
(# Cos: 8 | $17.3M)
News Content Marketplace (Dable)
(# Cos: 1 | $17.3M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$12.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.3M
1
-
1
1
Dable
(2015, Gangnam, $17.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dable (2015, Gangnam)
$12.0M - Series C - Jan 2021

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Multi Products Retailers - South
Korea
46
54
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Horizontal E-Commerce (Coupang)
(# Cos: 63 | $5.4B)
Retailer (SSG)
(# Cos: 36 | $1.3B)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$11.7M (▼22.2%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.3B
22
3
36
1
SSG
(1991, Seoul, $938M)
Tmon
(2010, Seoul, $337M)
29cm
(2011, Seoul, $2.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Must It (2011, Gangnam)
$11.7M - Series A - May 2021

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
S-Alpha Therapeutics (2019, Seocho)
$8.7M - Series A - Jul 2021
S-Alpha Therapeutics (2019, Seocho)
$2.7M - Seed - Nov 2020
Neurological Disorder Drugs - South
Korea
47
55
Back to index
Neurology (Ybrain)
(# Cos: 58 | $244M)
Drugs (D&D Pharmatech)
(# Cos: 44 | $209M)
Diversified (S-Alpha Therapeutics)
(# Cos: 10 | $11.4M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$11.4M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.4M
10
2
10
0
S-Alpha Therapeutics
(2019, Seocho, $11.4M)
SK biopharmaceuticals
(1993, Seongnam-si)
StemLab
(2011, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
S-Alpha Therapeutics (2019, Seocho)
$8.7M - Series A - Jul 2021
S-Alpha Therapeutics (2019, Seocho)
$2.7M - Seed - Nov 2020
Retinal Disorders Drugs - South Korea
48
56
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Ophthalmology (S-Alpha Therapeutics)
(# Cos: 19 | $48.0M)
Drugs (EyeGene)
(# Cos: 15 | $48.0M)
Retinal Disorders (Kanaph)
(# Cos: 5 | $41.4M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$11.4M (▼45.7%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$41.4M
4
-
5
1
Kanaph
(2019, Seoul, $30.0M)
S-Alpha Therapeutics
(2019, Seocho, $11.4M)
YD Life Science
(2008, Seongnam-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
BIM Authoring Software - South Korea
49
57
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
$11.1M (▲37%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.1M
3
-
4
1
Construction Tech (Musuma)
(# Cos: 30 | $57.9M)
Design Tools (Spacewalk)
(# Cos: 11 | $28.1M)
BIM and 3D Modelling (BIMPeers)
(# Cos: 10 | $28.1M)
Authoring (Urbanbase)
(# Cos: 4 | $28.1M)
Urbanbase
(2013, Seoul, $20.0M)
Spacewalk
(2016, Seoul, $6.9M)
Archisketch
(2011, Seocho, $1.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Urbanbase (2013, Seoul)
$11.1M - Series B - Aug 2021

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Urbanbase (2013, Seoul)
$11.1M - Series B - Aug 2021
Digital Twin Modelling Software - South
Korea
50
58
Back to index
Digital Twin (TIM Solution)
(# Cos: 4 | $21.3M)
Development Tools (Turple)
(# Cos: 2 | $20.0M)
Modelling (Urbanbase)
(# Cos: 2 | $20.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$11.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.0M
1
-
2
1
Urbanbase
(2013, Seoul, $20.0M)
Turple
(2019, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. South Korea Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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South Korea Tech - Top Business Models Report
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