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1. TRACXN TOP BUSINESS MODELS REPORT
May 03, 2021
SOUTH KOREA TECH

2. South Korea Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private 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 Private Limited. All rights reserved.
South Korea Tech - Funding in last 1 year
3
Horizontal E-Commerce $409M
Payments $366M
Investment Tech $191M
Tech for Film & TV $160M
Home Improvements $70.0M
Life Sciences Tech $60.5M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Korea Investment Partners
FuturePlay
SpringCamp
4
4
4
Early
Stage
IMM Investment
Timewise Investment
Stonebridge Capital
4
4
3
Late
Stage
Kakao Ventures
SoftBank Ventures Asia
Korean Development Bank
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Tmon
(2010, Seoul)
$337M - PE
Kakao Mobility
(2017, Seongnam-si)
$200M - Series C
Toss
(2015, Gangnam)
$173M - Series E
IYUNO Media Group
(2002, Seoul)
$160M - Series D
Kakao Pay
(2012, Seongnam-si)
$132M - Series D
Bucketplace
(2013, Seocho)
$70.0M - Series C
Chai
(2018, Seong-dong)
$60.0M - Series B
Socar
(2012, Jeju-si)
$52.3M - Series F
Kakao Mobility
(2017, Seongnam-si)
$50.0M - Series C
Standigm
(2015, Seoul)
$44.5M - Series C
Riiid
(2014, Gangnam)
$41.8M - Series C
My Real Trip
(2012, Seoul)
$36.0M - Series B
Seoul (41%)
Seongnam-si (24%)
Gangnam (16%)
Seocho (5%)
Seong-dong (3%)
Others (11%)

4. Copyright © 2021, Tracxn Technologies Private 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▲9 Digital Wallets $366M 4 Toss | $173M | Series E Link
2▲71 Cab Ride-Hailing $250M 2 Kakao Mobility | $200M | Series C Link
3▲8 Discount Stock Brokers $173M 1 Toss | $173M | Series E Link
4-- Film and TV Subtitling $160M 1 IYUNO Media G.. | $160M | Series D Link
5-- Online Retailer of Home Improvement Products $70.0M 1 Bucketplace | $70.0M | Series C Link
6▲6 Self Drive Car Rentals $52.3M 1 Socar | $52.3M | Series F Link
7-- Life Sciences R&D Workflow Management $44.5M 1 Standigm | $44.5M | Series C Link
8▲14
K-12 EdTech > B2B2C Learning Solutions > School
Curriculum > Multi Subject > Online Tutoring
$41.8M 1 Riiid | $41.8M | Series C Link
9-- Online Travel Agencies $36.0M 1 My Real Trip | $36.0M | Series B Link
10-- P2P $33.0M 1 Daangn Market | $33.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private 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-- Blockchain Protocol for Financial Services $25.0M 1 Terra | $25.0M | Series B Link
12--
Online Grocery > B2C Ecommerce > Artisanal
Products > Retailer
$24.9M 1 Iidus | $24.9M | Series B Link
13▲43 Ophthalmology > Drugs > Retinal Disorders $23.7M 2 Kanaph | $21.0M | Series B Link
14-- Android App Stores $23.1M 1 One Store | $23.1M | Series B Link
15▲42 Cancer Drugs $21.0M 1 Kanaph | $21.0M | Series B Link
16▲21 Diversified Pharmaceuticals > Drugs $21.0M 1 LISCure | $21.0M | Series B Link
17-- Rare Metabolic Disorder Drugs $20.6M 1 ILIAS Biolog.. | $20.6M | Series B Link
18-- Cheminformatics for Drug Discovery $16.0M 1 PharmCADD | $16.0M | Series B Link
19--
Neurology > Drugs > Neurodegenerative > Alzheimer
Disease
$16.0M 1 PharmCADD | $16.0M | Series B Link
20-- COVID-19 Drugs $16.0M 1 PharmCADD | $16.0M | 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 © 2021, Tracxn Technologies Private 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▲73 Online Multi Category Retailer $15.0M 3 Tmon | $337M | PE Link
22-- Conversation AI Platforms $14.2M 1 Skelter Labs | $14.2M | Series B Link
23--
Speech and Voice Recognition > Applications >
Diversified
$14.2M 1 Skelter Labs | $14.2M | Series B Link
24▲31
Chatbots > Chatbot Development > Conversational
AI Development > Code Based Platforms
$14.2M 1 Skelter Labs | $14.2M | Series B Link
25--
Food Tech > Food Discovery and Ordering > Dine Out
> Listing and Reviews > Restaurants
$14.1M 1 Pirates | $14.1M | Series B Link
26-- Local Services > Laundry > Asset-heavy $13.9M 1 Laundrygo | $13.9M | Series B Link
27-- Genetic Engineering Technologies $13.3M 1 Geninus | $13.3M | Series B Link
28-- Secure Messaging $13.0M 1 JANDI | $13.0M | Series B Link
29-- Enterprise Messaging $13.0M 1 JANDI | $13.0M | Series B Link
30▲9 Rare Diseases > In Vitro Diagnostic Tests $13.0M 1 3billion | $13.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private 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-- Remote Team Communication Tools $13.0M 1 JANDI | $13.0M | Series B Link
32▼14 Fleet Management for Autonomous Vehicles $12.3M 1 42dot | $12.3M | Seed Link
33--
Investment Tech > Wealth Management IT > White
Label Robo Advisors
$12.1M 1 Fount | $12.1M | Series B Link
34--
Tech for Digital Publishers > Content Discovery >
News Content Marketplace
$12.0M 1 Dable | $12.0M | Series C Link
35--
Genomics > Enabling Technologies > Instrument
Systems > Nucleic Acid Analysis > Amplification
$11.6M 1 Genacast | $11.6M | Series B Link
36-- NewSpace > Network Operators > Ground Stations $11.0M 1 CONTEC | $11.0M | Series B Link
37▼7
Auto Components > Safety System > Active Safety
System
$10.2M 1 Smart Radar .. | $10.2M | Series B Link
38▼7
Autonomous Vehicles > Enabling Technologies >
Perception > Sensor > Radar
$10.2M 1 Smart Radar .. | $10.2M | Series B Link
39-- Esports Player Organizations $10.0M 1 DRX | $10.0M | Series A Link
40-- Aesthetic Medicines $9.3M 1 ExocoBio | $9.3M | Series C 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 Private 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-- Commercial Redox Flow Energy Storage System $8.9M 1 Standard Energy | $8.9M | Series C Link
42-- Hearing aids $7.0M 1 Olive Union | $7.0M | Series B Link
43-- Hearing Aids $7.0M 1 Olive Union | $7.0M | Series B Link
44▲26
Beauty Tech > Ecommerce > Multi Category >
Organic > Internet First Brand
$5.7M 2 XATION | $4.0M | Seed Link
45▼2 Blockchain Network $5.0M 2 Terra | $25.0M | Series B Link
46--
Beauty Tech > Discovery and Advice Platforms >
Product Discovery & Recommendations > Personal..
$4.6M 1 Jamface | $4.6M | Series A Link
47-- Volumetric Capture for VR $4.2M 1 TeeVR | $4.2M | Series A Link
48-- Internet First Residential Real Estate Brokers $4.1M 1 Neighborhood | $4.1M | Seed Link
49-- Multi Category men's grooming Brands $4.0M 1 XATION | $4.0M | Seed Link
50-- Online Gaming Platforms $3.8M 1 Rooney Media | $3.8M | Series A 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 Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Toss (2015, Gangnam)
$173M - Series E - Aug 2020
Kakao Pay (2012, Seongnam-si)
$132M - Series D - Jun 2020
Chai (2018, Seong-dong)
$60.0M - Series B - Dec 2020
InstaPay (2015, Seoul)
$1.2M - Series B - Jun 2020
Digital Wallets - South Korea
01
9
Back to index
Payments (ShinhanCard)
(# Cos: 81 | $1.4B)
Consumer Payments (Hyundai Card)
(# Cos: 29 | $741M)
Wallets (Toss)
(# Cos: 15 | $741M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$366M(▲364%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$741M
8
1
15
4
Toss
(2015, Gangnam, $530M)
Kakao Pay
(2012, Seongnam-si, $132M)
Chai
(2018, Seong-dong, $75.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Cab 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
$250M(▲6407%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$300M
2
-
4
1
Road Transport Tech (Socar)
(# Cos: 84 | $618M)
Ride Hailing (MOSILER)
(# Cos: 7 | $312M)
Cars (TADA)
(# Cos: 7 | $312M)
Taxi (Macaront)
(# Cos: 6 | $311M)
Intracity (Konatus)
(# Cos: 5 | $311M)
Aggregator (Kakao Mobility)
(# Cos: 4 | $300M)
Kakao Mobility
(2017, Seongnam-si, $297M)
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)
$50.0M - Series C - Apr 2021

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Discount Stock Brokers - 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
$173M(▲170%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$530M
1
-
1
1
Investment Tech (Tera Funding)
(# Cos: 78 | $697M)
Online Trading Platforms (Snek)
(# Cos: 27 | $531M)
Stocks (IntelliQuant)
(# Cos: 5 | $530M)
Regular Trading (Tong Yang Securities)
(# Cos: 3 | $530M)
Brokers (Hana Financial Investment)
(# Cos: 3 | $530M)
Discount (Toss)
(# Cos: 1 | $530M)
Toss
(2015, Gangnam, $530M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Toss (2015, Gangnam)
$173M - Series E - Aug 2020

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Film and TV Subtitling - 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
$160M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$160M
1
-
2
1
Tech for Film & TV (Enswers)
(# Cos: 27 | $162M)
Filmed Entertainment (MovieBloc)
(# Cos: 12 | $160M)
Post-Production (Marvelous Designer)
(# Cos: 6 | $160M)
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

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Retailer of Home Improvement
Products - 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
$70.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$80.0M
4
-
6
1
Home Improvements (BS Rental)
(# Cos: 28 | $80.0M)
B2C Commerce (El Factory)
(# Cos: 21 | $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)
seoulbund.com
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

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Self Drive Car Rentals - 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
$52.3M(▲21.4%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$271M
5
-
5
1
Road Transport Tech (Kakao Mobility)
(# Cos: 84 | $618M)
Self Drive Rentals (GoGo Sing)
(# Cos: 26 | $271M)
Car (Carplat)
(# Cos: 12 | $271M)
Own Fleet (Green Car)
(# Cos: 5 | $271M)
Station-Based (Socar)
(# Cos: 5 | $271M)
Socar
(2012, Jeju-si, $271M)
Green Car
(2009, Seoul)
Jecar
(2016, Kwangju)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Socar (2012, Jeju-si)
$52.3M - Series F - Oct 2020

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Life Sciences R&D Workflow
Management - South Korea
07
15
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
$44.5M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$68.0M
1
-
1
1
Life Sciences Tech (PharmCADD)
(# Cos: 38 | $90.0M)
Research & Development (ChunLab)
(# Cos: 36 | $90.0M)
Drug Informatics (CIMPLRX)
(# Cos: 11 | $68.0M)
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

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
K-12 EdTech > B2B2C Learning Solutions > School Curriculum
> Multi Subject > Online Tutoring - 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
$41.8M(▲132%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$72.3M
1
-
1
1
K-12 EdTech (Mathpresso)
(# Cos: 99 | $134M)
B2B2C Learning Solutions (iPortfolio)
(# Cos: 12 | $87.4M)
School Curriculum (Knowre)
(# Cos: 8 | $87.4M)
Multi Subject (TagHive)
(# Cos: 5 | $72.3M)
Online Tutoring (Riiid)
(# Cos: 1 | $72.3M)
Riiid
(2014, Gangnam, $72.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Riiid (2014, Gangnam)
$41.8M - Series C - Jul 2020

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
My Real Trip (2012, Seoul)
$36.0M - Series B - Jul 2020
Online Travel Agencies - South Korea
09
17
Back to index
Online Travel (Socar)
(# Cos: 96 | $1.0B)
Horizontal (Gajago)
(# Cos: 6 | $68.6M)
Online Agency (My Real Trip)
(# Cos: 5 | $68.6M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$36.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$68.6M
3
-
5
1
My Real Trip
(2012, Seoul, $68.6M)
Gajago
(2015, Seoul)
Red Thai Butler
(2016, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
P2P - 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
$33.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$43.4M
2
-
2
1
Horizontal E-Commerce (Coupang)
(# Cos: 60 | $5.3B)
Second Hand (Sellit)
(# Cos: 7 | $43.4M)
Listings (Hello Market)
(# Cos: 2 | $43.4M)
P2P (Daangn Market)
(# Cos: 2 | $43.4M)
Daangn Market
(2015, Seongnam-si, $40.5M)
Hello Market
(2011, Seoul, $2.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Daangn Market (2015, Seongnam-si)
$33.0M - Series C - Jun 2020

19. Copyright © 2021, Tracxn Technologies Private 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
11
19
Back to index
Blockchain Infrastructure (Penta Security)
(# Cos: 47 | $212M)
Blockchain Network (Icon Foundation)
(# Cos: 16 | $141M)
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.

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Iidus (2013, Seoul)
$24.9M - Series B - Jun 2020
Online Grocery > B2C Ecommerce > Artisanal
Products > Retailer - South Korea
12
20
Back to index
Online Grocery (Tridge)
(# Cos: 33 | $401M)
B2C Ecommerce (Kurly)
(# Cos: 23 | $375M)
Retailer (Iidus)
(# 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
$24.9M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.9M
1
-
1
1
Iidus
(2013, Seoul, $24.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Kanaph (2019, Seoul)
$21.0M - Series B - Oct 2020
S-Alpha Therapeutics (2019, Seocho)
$2.7M - Seed - Nov 2020
Ophthalmology > Drugs > Retinal
Disorders - South Korea
13
21
Back to index
Ophthalmology (S-Alpha Therapeutics)
(# Cos: 16 | $32.7M)
Drugs (pH Pharma)
(# Cos: 12 | $32.7M)
Retinal Disorders (Kanaph)
(# Cos: 5 | $32.7M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$23.7M(▲295%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$32.7M
4
-
5
1
Kanaph
(2019, Seoul, $30.0M)
S-Alpha Therapeutics
(2019, Seocho, $2.7M)
YD Life Science
(2008, Seongnam-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Android App Stores - South Korea
14
22
Back to index
Alternate App Stores (Onestore)
(# Cos: 2 | $109M)
Android (One Store)
(# Cos: 1 | $23.1M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$23.1M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$23.1M
1
-
1
1
One Store
(2016, Seongnam-si, $23.1M)
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

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Kanaph (2019, Seoul)
$21.0M - Series B - Oct 2020
Cancer Drugs - South Korea
15
23
Back to index
Oncology (Bridge Biotherapeutics)
(# Cos: 119 | $396M)
Drugs (Orum Therapeutics)
(# Cos: 93 | $327M)
Pan Cancer (ABL Bio)
(# Cos: 19 | $127M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$21.0M(▲250%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$127M
14
9
19
1
ABL Bio
(2016, Seongnam-si, $93.0M)
Apta Biotech
(2009, Yongin)
Kanaph
(2019, Seoul, $30.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Diversified Pharmaceuticals > Drugs -
South Korea
16
24
Back to index
Diversified Pharmaceuticals (LegoChem Biosciences)
(# Cos: 57 | $268M)
Drugs (OliX Pharmaceuticals)
(# Cos: 57 | $268M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$21.0M(▲83.8%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$268M
43
25
57
2
OliX Pharmaceuticals
(2010, Suwon-si)
LegoChem Biosciences
(2006, Daejeon, $11.0M)
TiumBio
(2016, Seongnam-si, $32.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LISCure (2018, Gangnam)
$21.0M - Series B - Feb 2021

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
ILIAS Biologics (2015, Yuseong)
$20.6M - Series B - Sep 2020
Rare Metabolic Disorder Drugs - South
Korea
17
25
Back to index
Rare Diseases (3billion)
(# Cos: 13 | $67.8M)
Drugs (ToolGen)
(# Cos: 12 | $42.1M)
Metabolic Disorders (ILIAS Biologics)
(# Cos: 1 | $20.6M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$20.6M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.6M
1
-
1
0
ILIAS Biologics
(2015, Yuseong, $20.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Cheminformatics for Drug Discovery -
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
$16.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.0M
1
-
3
1
Life Sciences Tech (EzBiocloud)
(# Cos: 38 | $90.0M)
Research & Development (Standigm)
(# Cos: 36 | $90.0M)
Drug Discovery (ChunLab)
(# Cos: 18 | $22.0M)
Cheminformatics (PharmCADD)
(# Cos: 3 | $22.0M)
PharmCADD
(2019, Busan, $22.0M)
MediRita
(2018, Guro-dong)
Innovo Therapeutics
(2019, Daejeon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmCADD (2019, Busan)
$16.0M - Series B - Mar 2021

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Neurology > Drugs > Neurodegenerative >
Alzheimer Disease - 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
$16.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.8M
5
-
7
1
Neurology (Ybrain)
(# Cos: 54 | $235M)
Drugs (SK biopharmaceuticals)
(# Cos: 40 | $200M)
Neurodegenerative (D&D Pharmatech)
(# Cos: 23 | $197M)
Alzheimer Disease (PharmCADD)
(# Cos: 7 | $34.8M)
PharmCADD
(2019, Busan, $22.0M)
Amyloid Solution
(2017, Seongnam-si, $12.8M)
VT Bio
(2000, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmCADD (2019, Busan)
$16.0M - Series B - Mar 2021

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
COVID-19 Drugs - South Korea
20
28
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
$16.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.0M
2
-
2
1
Infectious Diseases (Quantamatrix)
(# Cos: 46 | $29.7M)
Drugs (Eubiologics)
(# Cos: 21 | $29.5M)
Viral (Avixgen)
(# Cos: 9 | $22.0M)
COVID-19 (PharmCADD)
(# Cos: 2 | $22.0M)
PharmCADD
(2019, Busan, $22.0M)
Thelma
(1981, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PharmCADD (2019, Busan)
$16.0M - Series B - Mar 2021

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Multi Category Retailer - South
Korea
21
29
Back to index
Horizontal E-Commerce (Coupang)
(# Cos: 60 | $5.3B)
Retailer (Tmon)
(# Cos: 34 | $1.3B)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$15.0M(▲1630%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.3B
22
3
34
1
Tmon
(2010, Seoul, $337M)
SSG
(1991, Seoul, $938M)
ISE Commerce
(2001, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tmon (2010, Seoul)
$337M - PE - Sep 2020
Must It (2011, Gangnam)
$12.5M - Series A - Jul 2020
Style C (2018, Seoul)
$2.5M - Series A - Aug 2020

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Skelter Labs (2015, Seoul)
$14.2M - Series B - Aug 2020
Conversation AI Platforms - South Korea
22
30
Back to index
AI Infrastructure (Odd Concepts)
(# Cos: 31 | $42.5M)
Natural Language Processing (Systran)
(# Cos: 9 | $23.5M)
Conversational AI (Skelter Labs)
(# Cos: 1 | $23.5M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$14.2M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$23.5M
1
-
1
1
Skelter Labs
(2015, Seoul, $23.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Skelter Labs (2015, Seoul)
$14.2M - Series B - Aug 2020
Speech and Voice Recognition > Applications >
Diversified - South Korea
23
31
Back to index
Speech and Voice Recognition (Selvas AI)
(# Cos: 16 | $23.5M)
Applications (Sovoro)
(# Cos: 7 | $23.5M)
Diversified (Skelter Labs)
(# Cos: 3 | $23.5M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$14.2M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$23.5M
2
-
3
1
Skelter Labs
(2015, Seoul, $23.5M)
Eidware
(2011, Yeongdeungpo)
Intelloid
(2013, Seocho)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Chatbots > Chatbot Development > Conversational AI
Development > Code Based Platforms - 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
$14.2M(▲136%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$31.3M
2
-
3
1
Chatbots (42Maru)
(# Cos: 28 | $34.9M)
Chatbot Development (O2O)
(# Cos: 6 | $31.3M)
Conversational AI Development
(MoneyBrain)
(# Cos: 6 | $31.3M)
Code Based Platforms (Skelter
Labs)
(# Cos: 3 | $31.3M)
Skelter Labs
(2015, Seoul, $23.5M)
MoneyBrain
(2016, Seoul, $7.8M)
Amica
(2016, Seongnam-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Skelter Labs (2015, Seoul)
$14.2M - Series B - Aug 2020

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Food Tech > Food Discovery and Ordering > Dine Out > Listing
and Reviews > Restaurants - 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
$14.1M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.1M
3
-
6
0
Food Tech (Yogiyo)
(# Cos: 68 | $543M)
Food Discovery and Ordering (Woowa Bros)
(# Cos: 33 | $514M)
Dine Out (Catch TABLE)
(# Cos: 18 | $50.8M)
Listing and Reviews (MangoPlate)
(# Cos: 10 | $32.2M)
Restaurants (Pirates)
(# Cos: 6 | $14.1M)
Pirates
(2014, Seoul, $14.1M)
PinStory
(2014, Seoul)
Honbabin
(2016, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pirates (2014, Seoul)
$14.1M - Series B - Jul 2020

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Laundrygo (1999, Seoul)
$13.9M - Series B - Jun 2020
Local Services > Laundry > Asset-heavy -
South Korea
26
34
Back to index
Local Services (Soomgo)
(# Cos: 51 | $56.9M)
Laundry (WashSwat)
(# Cos: 5 | $22.9M)
Asset-heavy (Laundrygo)
(# Cos: 5 | $22.9M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$13.9M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.9M
4
-
5
2
Laundrygo
(1999, Seoul, $19.3M)
WashSwat
(2015, Seoul, $2.8M)
Clean basket
(2014, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Genetic Engineering Technologies -
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
$13.3M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$13.3M
1
-
1
1
Genomics (3billion)
(# Cos: 112 | $147M)
Enabling Technologies (ToolGen)
(# Cos: 36 | $51.4M)
Technology Platforms (OliX
Pharmaceuticals)
(# Cos: 8 | $36.4M)
Genetic Engineering (Geninus)
(# Cos: 1 | $13.3M)
Geninus
(2018, Songpa-gu, $13.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Geninus (2018, Songpa-gu)
$13.3M - Series B - Aug 2020

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
JANDI (2014, Seoul)
$13.0M - Series B - Sep 2020
Secure Messaging - South Korea
28
36
Back to index
Cybersecurity (Penta Security)
(# Cos: 110 | $54.8M)
Data Security (Fasoo)
(# Cos: 17 | $29.0M)
Secure Messaging (JANDI)
(# Cos: 4 | $20.0M)
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
-
$20.0M
1
-
4
1
JANDI
(2014, Seoul, $20.0M)
SAINsoft
(2020, Seongnam-si)
MediStaff
(2017, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
JANDI (2014, Seoul)
$13.0M - Series B - Sep 2020
Enterprise Messaging - South Korea
29
37
Back to index
Enterprise Collaboration (Google Docs)
(# Cos: 29 | $77.2M)
Communication (Rsupport)
(# Cos: 12 | $20.0M)
Team Messaging (JANDI)
(# Cos: 3 | $20.0M)
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
-
$20.0M
1
-
3
1
JANDI
(2014, Seoul, $20.0M)
MeetTalk
(2015, Seoul)
MediStaff
(2017, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Rare Diseases > In Vitro Diagnostic Tests
- South Korea
30
38
Back to index
Rare Diseases (ToolGen)
(# Cos: 13 | $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(▲30%)
1( <> 0% )
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

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Remote Team Communication Tools -
South Korea
31
39
Back to index
Remote Work Tools (uPrism)
(# Cos: 3 | $20.0M)
Communication (JANDI)
(# Cos: 1 | $20.0M)
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
-
$20.0M
1
-
1
1
JANDI
(2014, Seoul, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
JANDI (2014, Seoul)
$13.0M - Series B - Sep 2020

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Fleet Management for Autonomous
Vehicles - South Korea
32
40
Back to index
Autonomous Vehicles (SOS Lab)
(# Cos: 26 | $102M)
Fleet Management (42dot)
(# Cos: 1 | $39.1M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$12.3M(▼50.6%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$39.1M
1
-
1
1
42dot
(2019, Seoul, $39.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
42dot (2019, Seoul)
$12.3M - Seed - Jun 2020

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Fount (2015, Seoul)
$12.1M - Series B - May 2020
Investment Tech > Wealth Management IT >
White Label Robo Advisors - South Korea
33
41
Back to index
Investment Tech (Toss)
(# Cos: 78 | $697M)
Wealth Management IT (Data & Analytics)
(# Cos: 2 | $16.1M)
White Label Robo Advisors (Fount)
(# Cos: 2 | $16.1M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$12.1M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.1M
2
-
2
1
Fount
(2015, Seoul, $16.1M)
Data & Analytics
(2013, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Tech for Digital Publishers > Content Discovery > News
Content Marketplace - South Korea
34
42
Back to index
Tech for Digital Publishers (PUBLISH)
(# Cos: 7 | $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

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Genomics > Enabling Technologies > Instrument Systems >
Nucleic Acid Analysis > Amplification - 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
$11.6M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.7M
3
-
5
0
Genomics (3billion)
(# Cos: 112 | $147M)
Enabling Technologies (OliX Pharmaceuticals)
(# Cos: 36 | $51.4M)
Instrument Systems (DNA Link)
(# Cos: 12 | $11.7M)
Nucleic Acid Analysis (Genolution)
(# Cos: 10 | $11.7M)
Amplification (Genacast)
(# Cos: 5 | $11.7M)
Genacast
(2016, Seoul, $11.7M)
Ahram Biosystems
(2001, Seoul)
RevoSkectch
(2017, Yuseong)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Genacast (2016, Seoul)
$11.6M - Series B - Jun 2020

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
NewSpace > Network Operators >
Ground Stations - South Korea
36
44
Back to index
NewSpace (Perigee Aerospace)
(# Cos: 7 | $23.0M)
Ground Stations (CONTEC)
(# Cos: 1 | $11.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$11.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.0M
1
-
1
0
CONTEC
(2015, Yuseong, $11.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CONTEC (2015, Yuseong)
$11.0M - Series B - Apr 2021

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Smart Radar Sys.. (2017, Seongnam-si)
$10.2M - Series B - Dec 2020
Auto Components > Safety System > Active
Safety System - South Korea
37
45
Back to index
Auto Components (Mando Corporation)
(# Cos: 372 | $83.6M)
Safety System (SEKONIX)
(# Cos: 4 | $24.4M)
Active Safety System (Smart Radar
System)
(# Cos: 4 | $24.4M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$10.2M(▼28.4%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.4M
2
1
4
1
Smart Radar System
(2017, Seongnam-si, $24.4M)
SEKONIX
(1988, Seoul)
TheUMS
(2017, Yuseong)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Vehicles > Enabling Technologies > Perception >
Sensor > Radar - 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
$10.2M(▼28.4%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.4M
1
-
1
1
Autonomous Vehicles (42dot)
(# Cos: 26 | $102M)
Enabling Technologies (Hyundai Motor Group)
(# Cos: 17 | $58.9M)
Perception (Seoul Robotics)
(# Cos: 12 | $43.9M)
Sensor (SOS Lab)
(# Cos: 9 | $38.4M)
Radar (Smart Radar System)
(# Cos: 1 | $24.4M)
Smart Radar System
(2017, Seongnam-si, $24.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Smart Radar Sys.. (2017, Seongnam-si)
$10.2M - Series B - Dec 2020

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Esports Player Organizations - South
Korea
39
47
Back to index
eSports (InnoSpark)
(# Cos: 13 | $39.8M)
Player Organizations (DRX)
(# Cos: 2 | $10.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$10.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.0M
1
-
2
0
DRX
(2019, Guro-gu, $10.0M)
Damwon Gaming
(2017, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DRX (2019, Guro-gu)
$10.0M - Series A - Jul 2020

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
ExocoBio (2017, Seoul)
$9.3M - Series C - Aug 2020
Aesthetic Medicines - South Korea
40
48
Back to index
Dermatology (Laserroptek)
(# Cos: 50 | $57.3M)
Drugs (Hugel)
(# Cos: 17 | $57.3M)
Aesthetics (ExocoBio)
(# Cos: 11 | $57.3M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$9.3M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$57.3M
11
2
11
1
ExocoBio
(2017, Seoul, $56.3M)
Hugel
(2001, Gangnam)
PharmaResearch Products
(1993, Gangneung)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Commercial Redox Flow Energy Storage
System - 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
$8.9M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.5M
2
-
3
1
Energy Storage Tech (Samsung SDI)
(# Cos: 52 | $29.8M)
Energy Storage System (Kokam)
(# Cos: 7 | $22.5M)
Redox Flow (H2)
(# Cos: 3 | $22.5M)
Commercial (Standard Energy)
(# Cos: 3 | $22.5M)
Standard Energy
(2013, Yuseong, $22.5M)
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)
$8.9M - Series C - Apr 2021

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Hearing aids - South Korea
42
50
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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
$7.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.0M
1
-
2
1
Assistive Tech (AngelTalk)
(# Cos: 13 | $20.3M)
Assistive Hardware (Dot)
(# Cos: 10 | $20.3M)
Hearing (HearingAble)
(# Cos: 2 | $20.0M)
Hearing aids (Olive Union)
(# Cos: 2 | $20.0M)
Olive Union
(2016, Seoul, $20.0M)
HearingAble
(1802, Suwon-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Olive Union (2016, Seoul)
$7.0M - Series B - Apr 2021

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Olive Union (2016, Seoul)
$7.0M - Series B - Apr 2021
Hearing Aids - South Korea
43
51
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Therapeutic Devices (Welbutech)
(# Cos: 3 | $20.0M)
Ear (TODOC)
(# Cos: 2 | $20.0M)
Hearing Impairment (Olive Union)
(# Cos: 1 | $20.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$7.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.0M
1
-
1
1
Olive Union
(2016, Seoul, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Beauty Tech > Ecommerce > Multi Category > Organic >
Internet First Brand - 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
$5.7M(▲36.7%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$42.3M
4
-
5
0
Beauty Tech (B2LiNK)
(# Cos: 104 | $85.7M)
Ecommerce (Woman's Talk)
(# Cos: 86 | $60.6M)
Multi Category (Althea)
(# Cos: 37 | $60.4M)
Organic (XATION)
(# Cos: 5 | $42.3M)
Internet First Brand (Dewey Tree)
(# Cos: 5 | $42.3M)
Dewey Tree
(2017, Songpa-gu, $32.5M)
XATION
(2018, Gangnam, $4.0M)
Palm skin
(2018, Cheongju-si, $5.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
XATION (2018, Gangnam)
$4.0M - Seed - May 2020
Palm skin (2018, Cheongju-si)
$1.6M - Series A - May 2020

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Network - South Korea
45
53
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Blockchain Infrastructure (Penta Security)
(# Cos: 47 | $212M)
Blockchain Network (Terra)
(# Cos: 16 | $141M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$5.0M(▼39.8%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$141M
8
-
16
2
Terra
(2018, Seoul, $125M)
Icon Foundation
(2017, Yeongdeungpo)
Nem
(2014, Daegu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Terra (2018, Seoul)
$25.0M - Series B - Jan 2021
ICONLOOP (2016, Seoul)
$5.0M - Series A - Jul 2020

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Beauty Tech > Discovery and Advice Platforms > Product Discovery &
Recommendations > Personalized > AI-powered > Virtual Try-ons - 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
$4.6M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.6M
1
-
1
0
Beauty Tech (Althea)
(# Cos: 104 | $85.7M)
Discovery and Advice Platforms (Glowdayz)
(# Cos: 9 | $5.9M)
Product Discovery & Recommendations
(CHARIS)
(# Cos: 7 | $5.9M)
Personalized (Picky)
(# Cos: 3 | $5.9M)
Virtual Try-ons (Jamface)
(# Cos: 1 | $4.6M)
Jamface
(2018, Seoul, $4.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Jamface (2018, Seoul)
$4.6M - Series A - Aug 2020

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Volumetric Capture for VR - South Korea
47
55
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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
$4.2M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.7M
1
-
1
1
Virtual Reality (Looxid Labs)
(# Cos: 61 | $15.0M)
Content Creation Tools (Digisonic)
(# Cos: 8 | $6.7M)
Reality Capture (Vuo)
(# Cos: 4 | $6.7M)
Volumetric Capture (TeeVR)
(# Cos: 1 | $6.7M)
TeeVR
(2017, Seoul, $6.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TeeVR (2017, Seoul)
$4.2M - Series A - Jul 2020

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First Residential Real Estate
Brokers - South Korea
48
56
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Residential Real Estate Tech (ZIGBANG)
(# Cos: 17 | $70.4M)
Online Brokers (Neighborhood)
(# Cos: 2 | $4.8M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$4.1M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.8M
1
-
2
0
Neighborhood
(2004, Yongsan-gu, $4.8M)
Peterpanz
(2017, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Neighborhood (2004, Yongsan-gu)
$4.1M - Seed - Dec 2020

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
XATION (2018, Gangnam)
$4.0M - Seed - May 2020
Multi Category men's grooming Brands -
South Korea
49
57
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Beauty & Personal Care Products (AmorePacific)
(# Cos: 311 | $112M)
Men's Grooming (Wisely)
(# Cos: 10 | $4.0M)
Multi Category (XATION)
(# Cos: 3 | $4.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$4.0M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.0M
1
-
3
0
XATION
(2018, Gangnam, $4.0M)
SEAN Cleanser
(2018, Cheongju-si)
MIP
(2016, Seongnam-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Gaming Platforms - South Korea
50
58
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PC & Console Gaming (NEXON)
(# Cos: 128 | $308M)
Game Platforms (Rooney Media)
(# Cos: 7 | $3.8M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$3.8M( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.8M
3
-
7
0
Rooney Media
(2017, Seoul, $3.8M)
Tntgame Blockchain games
(2018, Busan)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rooney Media (2017, Seoul)
$3.8M - Series A - Jul 2020

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