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TRACXN MONTHLY REPORT
JULY 2021
SOUTH KOREA TECH

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South Korea Tech - July 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
7
New Analyst Picks 8
IPOs 11
Acquisitions 12
Recent News 13

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South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech Snapshot – July 2021
South Korea Tech: Snapshot – July 2021
Note : "Investors" refers to "Institutional Investors" only
3
$2.0B
6 4
Overall Geo Stats
8
3
16
25
8
Funding Rounds $ Invested Analyst Picks
Kurly Upgraded to
UNICORN
New Investors
Pavilion Capital
Partners
Sequoia
Series A+
rounds
Active Investors IPOs
MCNEX
MAXST
Acquisitions
Eugene Savings
Bank#@
ImGATE#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Seoul
(5 Rounds, $340M)
Gangnam
(1 Rounds, $1.7B)
Seongnam-si
(1 Rounds, $1.7M)
$1.7B - Series E
Yanolja (2005, Gangnam, $1.9B)
$200M - Series F
Kurly (2015, Seoul, $540M)
$60M - Series C
Tridge (2014, Seoul, $84.2M)
$43.9M - Series C
Lendit (2015, Seoul, $60.3M)
BlueRun Ventures
(1 Investments)
Hillhouse Capital
Group
(1 Investments)
DST Global
(1 Investments)
Guardant Health
(1 Investments)
Online Travel
Yanolja
Online Grocery
Kurly
Crop Tech
Tridge
B2B E-Commerce
Market Size
Companies Covered 5,837
Funded Companies 2,523
Total Funding $18.3B
Funding in last 12 months $4.7B
Top Exits
IPOs 463
Acquisitions 118
Company Stage
Unicorns 13
Soonicorns 31
Minicorns 127
Editor Picks 694
Series A+ 442
Series C+ 97
Acqui-Hires 1
Deadpooled 411
Top Cities
Seoul (628 Rounds, $5.2B)
Gangnam (180 Rounds, $4.5B)
Top Investors
LB Investment (59 Investments)
Korea Investment Partners
(55 Investments)

4.
South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of South Korea Tech as of July 2021
South Korea Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (July 2021)*
Yanolja
(2005, Gangnam, $1.9B)
$1.7B - Series E SoftBank Vision Fund
Kurly
(2015, Seoul, $541M)
$200M - Series F Aspex Management
Tridge
(2014, Seoul, $84.2M)
$60.0M - Series C Forest Partners
Lendit
(2015, Seoul, $60.3M)
$43.9M - Series C
Lunit
(2013, Seoul, $72.2M)
$26.0M - Series C Guardant Health
Standigm
(2015, Seoul, $68.0M)
$10.0M - Series C SK Chemicals
Innerbottle
(2017, Seongnam-si, $1.7M)
$1.7M - Seed LG Chem
*Shows only the lead Investors

5.
South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in South Korea Tech in July 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
$10.0M - Series C
Standigm (2015, Seoul, $68.0M)
AI solutions for drug discovery and development
SK Chemicals, Pavilion Capital Partners
LATE STAGE
$26.0M - Series C
Lunit (2013, Seoul, $72.2M)
Provider of AI-based disease radiology image
analysis and diagnostic platform for healthcare
providers
Guardant Health
LATE STAGE
$43.9M - Series C
Lendit (2015, Seoul, $60.3M)
Peer-to-peer lending marketplace
LATE STAGE
$60.0M - Series C
Tridge (2014, Seoul, $84.2M)
Online platform to trade agriculture products
Forest Partners
LATE STAGE
$200.0M - Series F
Kurly (2015, Seoul, $540.5M)
Online platform offering groceries
Aspex Management, DST Global, Sequoia,
Hillhouse Capital Group, Millennium Management,
and 1 more
LATE STAGE
$1.7B - Series E
Yanolja (2005, Gangnam, $1.9B)
Online Agency for Accommodations
SoftBank Vision Fund
SEED STAGE
$1.7M - Seed
Innerbottle (2017, Seongnam-si, $1.7M)
Provider of solutions for smart water bottles
LG Chem
SEED STAGE
Seed
Next Chapter (2021, )
Platform offering software for brand management
Sandbox, Klim, BlueRun Ventures, Goodwater
Capital, Kim Sang-hun

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South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in South Korea Tech in July 2021
South Korea Tech: List of New Investors
6
Investor Company Info
Round
Amount
Round Name
Pavilion Capital Partners
41 portfolio companies | PE firm invests in the US & Asia
Standigm
AI solutions for drug discovery and development
$10.00M Series C
Sequoia
56 portfolio companies | Sequoia
Kurly
Online platform offering groceries
$200M Series F
Millennium Management
7 portfolio companies | Diversified investment management firm
Kurly
Online platform offering groceries
$200M Series F
LG Chem
3 portfolio companies | Manufacturer and supplier of automotive
battery to OEMs
Innerbottle
Provider of solutions for smart water bottles
$1.74M Seed
Guardant Health
1 portfolio companies | Developer of digital sequencing technology for
cancer detection
Lunit
Provider of AI-based disease radiology image analysis and
diagnostic platform for healthcare providers
$26.00M Series C
CJ Logistics
1 portfolio companies | Freight forwarder for air and ocean transport
Kurly
Online platform offering groceries
$200M Series F
SK Chemicals
1 portfolio companies | Manufacturer of pharma products and
copolyester, plastics, and biomaterials
Standigm
AI solutions for drug discovery and development
$10.00M Series C
Sandbox
1 portfolio companies | Provider of brand advertising services
Next Chapter
Platform offering software for brand management
Undisclosed Seed

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South Korea Tech - July 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.
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Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Hotel Aggregators $1.7B 1 Yanolja | $1.7B | Series E
2 ▲1 Digital Wallets $643M 3 Toss | $410M | Series F
3 ▲6 Account Linked Expense Aggregation $583M 2 Toss | $410M | Series F
4 ▲86 Car Ride Hailing $375M 3 Kakao Mobility | $200M | Series C
5 ▲6 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 ▲29 Drugs for Multiple Cancer Types $86.1M 4 Orum Therape.. | $54.0M | Series B
9 -- Food Ordering Platforms $71.7M 1 Barogo | $71.7M | Series C
10 -- Online Home Furnishing Products Retailer $70.0M 1 Bucketplace | $70.0M | Series C

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South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/3)
Interesting Companies identified by Analysts in South Korea Tech in July 2021
South Korea Tech: Analyst Picks
8
Upgraded to UNICORN
Kurly (2015, Seoul, $29.4M, Series D)
Online platform offering groceries
Aspex Management, CJ Logistics, Mirae Asset
Venture and 16 other Investors
Upgraded to SOONICORN
Lendit (2015, Seoul, $43.9M, Series C)
Peer-to-peer lending marketplace
Korea Investment Partners, Collaborative Fund,
Yellowdog and 1 other Investors
Upgraded to SOONICORN
Tridge (2014, Seoul, $60.0M, Series C)
Online platform to trade agriculture products
Forest Partners, NCORE VENTURES, SoftBank
Ventures Asia and 1 other Investors
Added to Editor's Pick
Seoul City Gas (2014, Mapo-dong, Unfunded)
AI and app-based platform offering doorstep LPG
delivery solutions
Added to Editor's Pick
K- Mate (2018, Seoul, Unfunded)
Provider of a dating platform based on mutual likes
Added to Editor's Pick
Soldout (2001, Seoul, Unfunded)
Online marketplace offering limited edition shoes
Added to Editor's Pick
Tru Technologies (2015, Seoul, $3.0M, Seed)
Securities financing and lending platform
Hana Financial Group, Stonebridge Capital, KB
Investment and 4 other Investors

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South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/3)
Interesting Companies identified by Analysts in South Korea Tech in July 2021
South Korea Tech: Analyst Picks
9
Added to Editor's Pick
Seoul Bike Ttareungi (2010, Seoul,
Unfunded)
App-based platform offering bicycle rental services
Added to Editor's Pick
ByRobot (2011, Suwon-si, Unfunded)
Recreational Battle Drones Manufacturer
Mirae Asset Ventureand
Added to Editor's Pick
Lookpin (2016, Gangnam, Unfunded)
Online retailer offering fashion products for men
and women
Added to Editor's Pick
Ullim (2019, Gimpo-si, Unfunded)
App based listing platform for matchmaking
Added to Editor's Pick
Bizplay (2019, Yeongdeungpo, Unfunded)
App-based platform for consumer bill payments
Added to Editor's Pick
MyLittleBook (2019, Suwon-si, Unfunded)
App-based ebook reading platform
Added to Editor's Pick
Dreamtech (1998, Seongnam-si, Unfunded)
Manufacturer of integrated module for mobile
phones and other various electronic devices
Aju IB Investmentand
Added to Editor's Pick
WizHelper (2015, Seoul, Unfunded)
Cloud based remote access management software
provider
Added to Editor's Pick
Ddokdeal.co.kr (2020, Daejeon, Unfunded)
App-based marketplace for multiple local services
Added to Editor's Pick
Cloma (2020, Seoul, Unfunded)
App-based retailer offering multi-category fashion
products
Added to Editor's Pick
Dongsim Kids (2019, Seocho, Unfunded)
Mobile-based platform providing educational
content for kids
Added to Editor's Pick
Modu Communication (2015, Seongnam-si,
Unfunded)
App-based platform offering name-finding solutions
for babies

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South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (3/3)
Interesting Companies identified by Analysts in South Korea Tech in July 2021
South Korea Tech: Analyst Picks
10
Added to Editor's Pick
COOV (2021, Cheongju-si, Unfunded)
Blockchain-based COVID certification solution
Added to Editor's Pick
Plumbline Life Sciences (2014, Seocho,
Unfunded)
Developer of DNA vaccines for animal immunity
and anti-cancer treatment
Dadam Investmentand
Added to Editor's Pick
Sori Java (2004, Gangnam, Unfunded)
Provider of AI-based communication solutions
Added to Editor's Pick
SyncTree (2020, Seoul, Unfunded)
Provider of cloud based API and Microservices
management platform
Added to Editor's Pick
LiveCare Tracking (2020, Songpa-gu,
Unfunded)
Provider of location and health tracking solutions
for cattle
Added to Editor's Pick
Inforex (2001, Gwangju, Unfunded)
Developer of multi-category mobile applications for
Android and iOS platforms

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South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap
Exchange
Ticker
06 Jul 2021
MCNEX (2005, Geumcheon, )
Provider of autonomous driving ADAS camera systems
KRX:97520
27 Jul 2021
MAXST (2010, Seoul, $3.0M)
Develops SDK to design AR applications
KRX:377030
13 Jul 2021
OBIGO (1997, Seongnam-si, )
Software service providers for the auto industry
KRX:352910
16 Jul 2021
SD Biosensor (2001, Suwon-si, )
Biosensor development for point-of-care diagnostics
KRX:137310
IPOs
List of IPOs in South Korea Tech in July 2021
South Korea Tech: IPOs
11

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South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in South Korea Tech in July 2021
South Korea Tech: Acquisitions
12
Acq.
Date
Company Acquirer Deal Size
07 Jul 2021
Eugene Savings Bank(1972, Gangnam)
Digital bank for individuals and businesses
KTB Investment &
Securities
15 Jul 2021
ImGATE(2016, Seongnam-si)
Software solution provider for hotels
H2O Hospitality
22 Jul 2021
Ssangyong Motor Company(1954, Seoul)
Brand of passenger cars
HAAH Auto

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South Korea Tech - July 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in South Korea Tech in July 2021
South Korea Tech:News
13
Exit News
.
● KakaoBank to Raise $2.2 Billion as Korean IPO Boom Continues
BloombergQuint
.
● PUBG maker Krafton lowers IPO target Indiatimes
.
● South Korean FinTech KakaoPay Seeks $1.4B IPO PYMNTS.com
.
● Ant Group Director Sees Relaunch Of Ipo ‘Before Too Long’ KrASIA
.
● SK hynix's acquisition of Intel's NAND biz gets approval from Singapore
The Korea Times
.
● Kakao Pay Files for Initial Public Offering (IPO) PR Newswire
.
● Bridgepoint seeks US$2.8b valuation in rare buyout firm IPO The Business
Times .
● SK hynix expects China to approve $9 bil. Intel NAND biz acquisition The
Korea Times
.
People News
.
● Signifyd Appoints Second Annual Global Customer Advisory Board to
Shape the Future of Commerce Business Wire
.
● Ex-Disney executive to join Nexon The Korea Times
.
● Rediffusion hires Tathagat Jena as Branch Head, Delhi Adgully
● Samsung Hires New Director Of AV ChannelNews
.
Regulatory News
.
● Coupang investigated by FTC over accusations of meddling with
algorithms Korea Herald
.
● DRI carries out searches at Samsung offices over suspicion of customs
duty evasion Business Today

14.
South Korea Tech - July 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
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

15.
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