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1. TRACXN TOP BUSINESS MODELS REPORT
April 12, 2022
SOUTH KOREA TECH

2. South Korea Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
South Korea Tech Funding
OverviewSouth Korea Tech
3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. South Korea Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Funding in last 1 year
3
Online Travel $1.9B
Investment Tech $597M
OTT Video $312M
Cryptocurrencies $215M
Fashion Tech $181M
Test Preparation Tech $178M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
KB Investment
Y Combinator
Animocabrands
4
3
2
Early
Stage
KB Investment
Korea Investment Partners
Korean Development Bank
9
8
6
Late
Stage
Altos Ventures Capital
SoftBank Ventures Asia
Korean Development Bank
4
3
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
MOOVING
(2019, Gangnam)
$393M - Seed
Tving
(2011, Seoul)
$277M - Series D
Kurly
(2015, Seoul)
$200M - Series F
Riiid
(2014, Gangnam)
$175M - Series D
Daangn Market
(2015, Seongnam-si)
$162M - Series D
Socar
(2012, Jeju-si)
$150M - Series G
ZEPETO
(2018, Seongnam-si)
$150M - Series B
Qraft Technologies
(2016, Seoul)
$146M - Series B
Green Labs
(2017, Songpa-gu)
$143M - Series C
Remember
(2013, Gangnam)
$135M - Series D
Gangnam (46%)
Seoul (29%)
Seongnam-si (11%)
Yuseong (3%)
Jeju-si (3%)
Others (9%)

4. Copyright © 2022, 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▲8 Online Travel Agencies $1.7B 2 Yanolja | $1.7B | Series E Link
2<> 0 Digital Wallets $455M 2 Toss | $410M | Series F Link
3-- Subscription Video On Demand $312M 2 Tving | $277M | Series D Link
4▼3 Car Ride Hailing $265M 3 Kakao Mobility | $125M | Series C Link
5▲5 Online P2P Second Hand Goods Listings $162M 1 Daangn Market | $162M | Series D Link
6<> 0 Cryptocurrency Exchanges $161M 3 Dunamu | $85.3M | Series C Link
7▼2 Station Based Intercity Car Rentals $150M 1 Socar | $150M | Series G Link
8▲45 Virtual Social Networks $150M 2 ZEPETO | $150M | Series B Link
9▲8 Farm Management Software $143M 1 Green Labs | $143M | Series C Link
10▲34 Blockchain Networks $134M 3 Luniverse | $73.9M | 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 © 2022, 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 Drugs for Multiple Cancer Types $127M 7 Orum Therape.. | $54.0M | Series B Link
12-- Internet First P2P Lenders $102M 2 People's Fund | $63.4M | Series C Link
13▲28 Autonomous Vehicle Fleet Management $88.3M 1 42dot | $88.3M | Series A Link
14-- Tech Enabled Video Creation Service $80.0M 1 VA | $80.0M | Series A Link
15-- Internet First Commercial Real Estate Brokers $72.0M 1 r.square | $72.0M | Series C Link
16-- Food Ordering Platforms $71.7M 1 Barogo | $71.7M | Series C Link
17--
Electric Vehicle Charging Station Discovery
Platforms
$67.0M 1 Softberry | $67.0M | Series A Link
18-- Commercial Redox Flow Energy Storage Systems $63.1M 2 Standard Ene.. | $54.2M | Series D Link
19-- Comics Reading Apps $56.0M 2 Copin Comics | $43.0M | Series C Link
20-- Virtual K-12 Math Tutoring Platform $50.0M 2 Mathpresso | $50.0M | 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 © 2022, 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-- Job Boards $48.0M 2 JOBKOREA | $48.0M | Series C Link
22-- Neurodegenerative Disorders Drugs $45.0M 1 BIORCHESTRA | $45.0M | Series C Link
23-- Internet First P2P Personal Loans $43.9M 1 Lendit | $43.9M | Series C Link
24▲6 Online Laundry Services Providers $43.0M 1 Laundrygo | $43.0M | Series C Link
25▼2 Neurological Disorder Drugs $38.9M 3 Aston Sci. | $22.7M | Series C Link
26-- Trucking Transportation Management System $38.5M 2 Logospot | $25.3M | Series C Link
27-- Salon Booking Platforms $35.8M 1 KakaoHairShop | $35.8M | Series B Link
28-- Robotics in Manufacturing $33.7M 1 Doosan Robot.. | $33.7M | Series C Link
29-- HRMS for Enterprises $32.0M 1 flex | $32.0M | Series B Link
30-- Smart home Gym Equipment $30.4M 1 Ronfic | $30.4M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2022, 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▼31 Hematologic Cancer Drugs $30.0M 1 Curocell | $30.0M | Series D Link
32-- Conumser Services Lead Generation Platforms $28.6M 1 Soomgo | $28.6M | Series C Link
33-- Online Meal Kits Delivery $28.6M 1 Cookat | $28.6M | Series B Link
34-- Online Designer Fashion Retailer $27.6M 1 Balaan | $27.6M | Series B Link
35-- Managed CoWorking Spaces $27.0M 1 Fast Five | $27.0M | Series B Link
36-- Autonomous Growing Systems $26.0M 1 n.thing | $26.0M | Series B Link
37-- Online Vocational Skills Courses $26.0M 1 CLASS101 | $26.0M | Series B Link
38-- Free Float Electric Kick Scooter Rentals $24.0M 1 Swing Mobility | $24.0M | Series B Link
39-- Digital Twin Based Asset Visualization $24.0M 1 3i | $24.0M | Series A Link
40-- Document Management $21.2M 1 ePapyrus | $21.2M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, 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▲26 Autonomous Driving Simulation Platforms $20.8M 1 MORAI | $20.8M | Series B Link
42▲5 Residential Real Estate Listings $20.5M 2 Neighborhood | $16.4M | Series A Link
43-- Lawyer Listing Platforms $19.3M 1 LawTalk | $19.3M | Series C Link
44▼4 Online English Tutoring $18.0M 2 Ringle | $18.0M | Series A Link
45▲42 Data Governance Platforms $17.8M 1 QueryPie | $17.8M | Seed Link
46▼2 Neural Processing Unit $17.7M 1 DEEPX | $17.7M | Series B Link
47-- Proteomics Research Services $17.3M 1 Advanced Pro.. | $17.3M | Series B Link
48-- Genomics Drug Discovery Software $17.0M 1 Deargen | $17.0M | Series B Link
49▼45 Alternative Android App Stores $15.3M 1 One Store | $15.3M | 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 © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Yanolja (2005, Gangnam)
$1.7B - Series E - Jul 2021
Online Tours (2000, Seoul)
$41.9M - Series C - Oct 2021
Online Travel Agencies - South Korea
01
9
Back to index
Online Travel (Socar)
(# Cos: 146 | $2.9B)
Horizontal (My Real Trip)
(# Cos: 7 | $2.1B)
Online Agency (Yanolja)
(# Cos: 6 | $2.1B)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$1.7B (▲4739%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.1B
5
-
6
3
Yanolja
(2005, Gangnam, $1.9B)
My Real Trip
(2012, Seoul, $68.6M)
Online Tours
(2000, Seoul, $41.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2022, 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)
$45.0M - Series B - Dec 2021
Digital Wallets - South Korea
02
10
Back to index
Payments (True Balance)
(# Cos: 110 | $2.2B)
Consumer Payments (Chai)
(# Cos: 37 | $1.4B)
Wallets (Toss)
(# Cos: 18 | $1.4B)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$455M (▲24.2%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4B
8
2
18
3
Toss
(2015, Gangnam, $940M)
Chai
(2018, Seong-dong, $120M)
Kakao Pay
(2012, Seongnam-si, $332M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Subscription Video On Demand - 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
$312M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$337M
3
-
4
1
OTT Video (Watcha)
(# Cos: 60 | $390M)
OTT Streaming Platforms (AfreecaTV)
(# Cos: 22 | $355M)
Video On Demand (VOD) (Laftel)
(# Cos: 7 | $337M)
Film & TV (Tving)
(# Cos: 6 | $337M)
Subscription (SVOD) (Viki)
(# Cos: 4 | $337M)
Viki
(2010, Seoul, $24.3M)
Tving
(2011, Seoul, $312M)
Laftel
(2014, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tving (2011, Seoul)
$277M - Series D - Feb 2022
$35.3M - Series C - Jun 2021

12. Copyright © 2022, 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
$265M (▼61.1%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$993M
3
-
15
1
Road Transport Tech (Poolus)
(# Cos: 137 | $1.1B)
Ride Hailing (wuricall.com)
(# Cos: 24 | $1.0B)
Cars (MOSILER)
(# Cos: 24 | $1.0B)
Taxi (Macaront)
(# Cos: 21 | $1.0B)
Intracity (Kakao Mobility)
(# Cos: 19 | $1.0B)
Aggregator (Konatus)
(# Cos: 15 | $993M)
Konatus
(2018, Seongnam-si, $3.8M)
Kakao Mobility
(2017, Seongnam-si, $990M)
wuricall.com
(2015, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kakao Mobility (2017, Seongnam-si)
$55.0M - Series C - Dec 2021
$84.9M - Series C - Jul 2021
$125M - Series C - Jun 2021

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online P2P Second Hand Goods Listings -
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
$162M (▲391%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$208M
2
-
2
1
Horizontal E-Commerce (Coupang)
(# Cos: 80 | $5.4B)
Second Hand (Used Nara)
(# Cos: 7 | $208M)
Listings (Daangn Market)
(# Cos: 2 | $208M)
P2P (Hello Market)
(# Cos: 2 | $208M)
Hello Market
(2011, Seoul, $2.9M)
Daangn Market
(2015, Seongnam-si, $205M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Daangn Market (2015, Seongnam-si)
$162M - Series D - Aug 2021

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges - 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
$161M (▲207%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$219M
7
-
64
2
Cryptocurrencies (Terra)
(# Cos: 261 | $425M)
Financial Services (Coinplug)
(# Cos: 172 | $247M)
Investment Industry (Korbit)
(# Cos: 118 | $225M)
Crypto Exchanges (Dunamu)
(# Cos: 64 | $219M)
Dunamu
(2012, Seoul, $138M)
Korbit
(2013, Seoul, $78.6M)
Bithumb
(2013, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dunamu (2012, Seoul)
$85.3M - Series C - Sep 2021
Korbit (2013, Seoul)
$75.2M - Series B - Nov 2021
Streami (2015, Seoul)
Undisclosed - Series B - May 2021

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Station Based Intercity Car Rentals -
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
$150M (▲187%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$421M
5
-
6
1
Online Travel (Yanolja)
(# Cos: 146 | $2.9B)
Transportation (Gogosing)
(# Cos: 25 | $421M)
Car (Carplat)
(# Cos: 12 | $421M)
Rental (Carmore)
(# Cos: 12 | $421M)
Own Fleet (Green Car)
(# Cos: 6 | $421M)
Station Based (Socar)
(# Cos: 6 | $421M)
Socar
(2012, Jeju-si, $421M)
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)
$150M - Series G - Mar 2022

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
ZEPETO (2018, Seongnam-si)
$150M - Series B - Nov 2021
Xverse (2021, Seocho)
$2.7M - Seed - Jun 2021
Virtual Social Networks - South Korea
08
16
Back to index
Social Platforms (StyleShare)
(# Cos: 118 | $268M)
Horizontal (Spoon Radio)
(# Cos: 52 | $234M)
Metaverse (ZEPETO)
(# Cos: 4 | $157M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$150M (▲3158%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$157M
3
-
4
2
ZEPETO
(2018, Seongnam-si, $155M)
Xverse
(2021, Seocho, $2.7M)
Dotdotdot
(2021, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Green Labs (2017, Songpa-gu)
$143M - Series C - Jan 2022
Farm Management Software - South
Korea
09
17
Back to index
Crop Tech (Tridge)
(# Cos: 57 | $306M)
Farm Management Software (TeloFarm)
(# Cos: 13 | $171M)
Diversified (Green Labs)
(# Cos: 7 | $171M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$143M (▲513%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$171M
2
-
7
1
Green Labs
(2017, Songpa-gu, $171M)
ioCrops
(2018, Seoul)
Cyclogic
(2011, Seongnam-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks - South Korea
10
18
Back to index
Blockchain Infrastructure (Penta Security)
(# Cos: 53 | $428M)
Blockchain Network (Terra)
(# Cos: 21 | $282M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$134M (▲1066%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$282M
10
-
21
3
Terra
(2018, Seoul, $125M)
Luniverse
(2018, Seoul, $140M)
Nem
(2014, Daegu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Luniverse (2018, Seoul)
$73.9M - Series B - Feb 2022
$60.0M - Series B - Dec 2021
AndusChain (2018, Seocho)
Undisclosed - Seed - Nov 2021

19. Copyright © 2022, 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
Aston Sci. (2018, Gangnam)
$22.7M - Series C - Dec 2021
Tikaros (2018, Seoul)
$21.5M - Series C - Aug 2021
Haim Bio (2011, Seoul)
$20.0M - Series B - Nov 2021
S-Alpha Therapeutics (2019, Seocho)
$8.7M - Series A - Jul 2021
Txinno (2020, Yongin)
$5.9M - Series A - Aug 2021
TRIOAR (2021, Yuseong)
Undisclosed - Seed - Feb 2022
Drugs for Multiple Cancer Types - South
Korea
11
19
Back to index
Oncology (PharmAbcine)
(# Cos: 148 | $660M)
Drugs (ABL Bio)
(# Cos: 116 | $578M)
Diversified (Orum Therapeutics)
(# Cos: 87 | $396M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$127M (▲295%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$396M
69
16
87
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.

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Lenders - 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
$102M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$123M
4
-
4
1
Alternative Lending (Bank Salad)
(# Cos: 62 | $418M)
Online Lenders (True Balance)
(# Cos: 50 | $345M)
Diversified (Roof Funding)
(# Cos: 6 | $123M)
Marketplace (8percent)
(# Cos: 6 | $123M)
P2P (People's Fund)
(# Cos: 4 | $123M)
People's Fund
(2015, Seoul, $85.1M)
8percent
(2014, Seoul, $38.3M)
Roof Funding
(2015, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
People's Fund (2015, Seoul)
$63.4M - Series C - Nov 2021
8percent (2014, Seoul)
$38.3M - Series B - Oct 2021

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Vehicle Fleet Management
- South Korea
13
21
Back to index
Autonomous Vehicles (Hyundai Motor Group)
(# Cos: 32 | $216M)
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

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Tech Enabled Video Creation Service -
South Korea
14
22
Back to index
Video Creation Tools (KineMaster)
(# Cos: 24 | $95.9M)
Tech Enabled Video Creation Service (VA)
(# Cos: 2 | $81.5M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$80.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$81.5M
2
-
2
0
VA
(2021, Gangnam, $80.0M)
StoryBlender
(2005, Seoul, $1.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
VA (2021, Gangnam)
$80.0M - Series A - Mar 2022

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First Commercial Real Estate
Brokers - South Korea
15
23
Back to index
Commercial Real Estate Tech (ZIGBANG)
(# Cos: 16 | $201M)
Online Brokers (r.square)
(# Cos: 1 | $77.3M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$72.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$77.3M
1
-
1
1
r.square
(2009, Seoul, $77.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
r.square (2009, Seoul)
$72.0M - Series C - Nov 2021

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - 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
$71.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$564M
9
-
14
1
Food Tech (Catch TABLE)
(# Cos: 86 | $632M)
Food Discovery and Ordering (MangoPlate)
(# Cos: 42 | $614M)
Restaurant Aggregator (Barogo)
(# Cos: 18 | $564M)
Platform Delivered (Woowa Bros)
(# Cos: 14 | $564M)
Woowa Bros
(2011, Seoul, $452M)
Barogo
(2014, Gangnam, $101M)
Baemin
(2013, Seoul)
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

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Softberry (2016, Seocho)
$67.0M - Series A - Jan 2022
Electric Vehicle Charging Station Discovery
Platforms - South Korea
17
25
Back to index
Electric Vehicles (Samsung SDI)
(# Cos: 67 | $95.3M)
Charging Solutions (Geo-Line)
(# Cos: 17 | $71.3M)
Charging Point Locator (Softberry)
(# Cos: 4 | $67.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$67.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$67.0M
1
-
4
1
Softberry
(2016, Seocho, $67.0M)
everyones charge
(2021, Gangnam)
VaroEV
(2018, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Commercial Redox Flow Energy Storage
Systems - 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
$63.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$76.7M
2
-
3
1
Energy Storage Tech (Samsung SDI)
(# Cos: 64 | $84.0M)
Energy Storage System (Kokam)
(# Cos: 7 | $76.7M)
Redox Flow (H2)
(# Cos: 3 | $76.7M)
Commercial (Standard Energy)
(# Cos: 3 | $76.7M)
Standard Energy
(2013, Yuseong, $76.7M)
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)
$54.2M - Series D - Jan 2022
$8.9M - Series C - Apr 2021

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Comics Reading Apps - 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
$56.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$104M
4
1
21
2
Book Tech (Ridibooks)
(# Cos: 45 | $173M)
Book Reading (Toomics)
(# Cos: 30 | $104M)
Apps (COMICO)
(# Cos: 30 | $104M)
Comics (Lezhin)
(# Cos: 21 | $104M)
Lezhin
(2013, Seoul, $47.8M)
COMICO
(2014, Seongnam-si)
Toomics
(2015, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copin Comics (2020, Seoul)
$43.0M - Series C - Jan 2022
$13.0M - Series B - Sep 2021

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Virtual K-12 Math Tutoring Platform -
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
$50.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$105M
1
-
2
1
K-12 EdTech (Knowre)
(# Cos: 153 | $154M)
B2C Learning Solutions (LUXROBO)
(# Cos: 83 | $118M)
School Curriculum (BLUEPIN)
(# Cos: 37 | $113M)
Math (Storysem)
(# Cos: 9 | $105M)
Online Tutoring (Dongnyang)
(# Cos: 2 | $105M)
Virtual Tutor (Mathpresso)
(# Cos: 2 | $105M)
Mathpresso
(2015, Gangnam, $105M)
Dongnyang
(2019, Gwangju)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mathpresso (2015, Gangnam)
Undisclosed - Series C - Nov 2021
$50.0M - Series C - Jun 2021

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Job Boards - South Korea
21
29
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
-
11
0
HRTech (Jobplanet)
(# Cos: 82 | $113M)
Job Board (gubgoo.com)
(# Cos: 29 | $48.0M)
Industry Specific (Saramin)
(# Cos: 19 | $48.0M)
Multi Industry (JOBKOREA)
(# Cos: 11 | $48.0M)
JOBKOREA
(1996, Seoul, $48.0M)
Saramin
(2005, Seoul)
findjob.co.kr
(1999, Seocho)
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

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
BIORCHESTRA (2016, Yuseong)
$45.0M - Series C - Feb 2022
Neurodegenerative Disorders Drugs -
South Korea
22
30
Back to index
Neurology (Ybrain)
(# Cos: 64 | $353M)
Drugs (BIORCHESTRA)
(# Cos: 49 | $317M)
Neurodegenerative (D&D Pharmatech)
(# Cos: 26 | $242M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$45.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$242M
19
2
26
2
D&D Pharmatech
(2018, Seongnam-si, $154M)
BIORCHESTRA
(2016, Yuseong, $45.0M)
PharmCADD
(2019, Busan, $22.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Personal Loans - 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
$43.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$60.3M
3
-
7
1
Alternative Lending (Bank Salad)
(# Cos: 62 | $418M)
Online Lenders (People's Fund)
(# Cos: 50 | $345M)
Consumer Loans (ShinhanCard)
(# Cos: 29 | $156M)
Personal Loans (True Balance)
(# Cos: 8 | $150M)
Marketplace (Popfunding)
(# Cos: 7 | $60.3M)
P2P (Lendit)
(# Cos: 7 | $60.3M)
Lendit
(2015, Seoul, $60.3M)
Popfunding
(2009, Seongnam-si)
Sirjuseyo
(2017, Seoul)
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

32. Copyright © 2022, 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
24
32
Back to index
Local Services (Soomgo)
(# Cos: 103 | $129M)
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.

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Aston Sci. (2018, Gangnam)
$22.7M - Series C - Dec 2021
S-Alpha Therapeutics (2019, Seocho)
$8.7M - Series A - Jul 2021
Astrogen (2017, Daegu)
$7.5M - Series B - Jan 2022
Neurological Disorder Drugs - South
Korea
25
33
Back to index
Neurology (Ybrain)
(# Cos: 64 | $353M)
Drugs (D&D Pharmatech)
(# Cos: 49 | $317M)
Diversified (Aston Sci.)
(# Cos: 13 | $75.1M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$38.9M (▲166%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$75.1M
12
2
13
0
Aston Sci.
(2018, Gangnam, $40.0M)
S-Alpha Therapeutics
(2019, Seocho, $11.4M)
Astrogen
(2017, Daegu, $23.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Trucking Transportation Management
System - South Korea
26
34
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
$38.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.5M
1
-
3
1
Logistics Tech (Coupang)
(# Cos: 124 | $896M)
Freight (CyberLogitec)
(# Cos: 49 | $55.4M)
Trucking (HOWSER)
(# Cos: 21 | $53.3M)
Technology Enablers (A.I. Matics)
(# Cos: 10 | $52.4M)
Transportation Management System
(Logospot)
(# Cos: 3 | $38.5M)
Logospot
(2005, Seoul, $38.5M)
UHL
(2020, Seoul)
Fly Cargo
(2020, Incheon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Logospot (2005, Seoul)
$25.3M - Series C - Dec 2021
$13.3M - Series C - May 2021

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Salon Booking 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
$35.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$35.8M
2
-
5
1
Beauty Tech (Althea)
(# Cos: 130 | $120M)
Beauty Services (Mazzang)
(# Cos: 8 | $35.8M)
Appointment Booking (Hey Beauty)
(# Cos: 5 | $35.8M)
Salon Booking (KakaoHairShop)
(# Cos: 5 | $35.8M)
KakaoHairShop
(undefined, Jeju-si, $35.8M)
Hey Beauty
(2015, Gangnam)
MANOLZA
(2020, Seoul)
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

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Robotics in Manufacturing - South Korea
28
36
Back to index
Manufacturing Tech (MakinaRocks)
(# Cos: 56 | $73.9M)
Robotics (Doosan Robotics)
(# Cos: 14 | $35.4M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$33.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$35.4M
8
5
14
1
Doosan Robotics
(2015, Suwon-si, $33.7M)
Hyundai Robotics
(1984, Daegu)
Neuromeka
(2013, Seoul, $1.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Doosan Robotics (2015, Suwon-si)
$33.7M - Series C - Jan 2022

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
HRMS for Enterprises - 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
$32.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.6M
2
-
3
2
HRTech (Jobplanet)
(# Cos: 82 | $113M)
HRMS (CheckedIn365)
(# Cos: 6 | $50.6M)
Suite (flex)
(# Cos: 5 | $50.6M)
Enterprise (Swingvy)
(# Cos: 3 | $50.6M)
Swingvy
(2016, Seoul, $8.6M)
flex
(2018, Seoul, $42.0M)
Wanted Space
(2021, Songpa-gu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
flex (2018, Seoul)
$32.0M - Series B - Jan 2022

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Smart home Gym Equipment - South
Korea
30
38
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
$30.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.4M
1
-
1
0
Fitness & Wellness Tech (Mind Cafe)
(# Cos: 121 | $55.9M)
Physical Fitness (300FIT)
(# Cos: 83 | $39.2M)
Smart Exercising Equipment (Virchy Bike)
(# Cos: 4 | $33.4M)
Smart Equipment and Accessories
(Tangram Factory)
(# Cos: 4 | $33.4M)
Home Gyms (Ronfic)
(# Cos: 1 | $30.4M)
Ronfic
(2016, Gangseo, $30.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ronfic (2016, Gangseo)
$30.4M - Series A - Jan 2022

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Curocell (2016, Yuseong)
$30.0M - Series D - Jan 2022
Hematologic Cancer Drugs - South Korea
31
39
Back to index
Oncology (ABL Bio)
(# Cos: 148 | $660M)
Drugs (Orum Therapeutics)
(# Cos: 116 | $578M)
Blood Cancer (Curocell)
(# Cos: 1 | $82.4M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$30.0M (▼19.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$82.4M
1
-
1
0
Curocell
(2016, Yuseong, $82.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Soomgo (2014, Seoul)
$28.6M - Series C - Jun 2021
Conumser Services Lead Generation
Platforms - South Korea
32
40
Back to index
Local Services (Laundrygo)
(# Cos: 103 | $129M)
Multi Services (Annie Man)
(# Cos: 8 | $46.5M)
Lead Generation (Soomgo)
(# Cos: 3 | $46.5M)
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
-
$46.5M
1
-
3
1
Soomgo
(2014, Seoul, $46.5M)
Annie Man
(2009, Seoul)
Ddokdeal.co.kr
(2020, Daejeon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Meal Kits Delivery - 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
$28.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.6M
1
-
2
1
Online Grocery (Tridge)
(# Cos: 47 | $785M)
B2C Ecommerce (Kurly)
(# Cos: 35 | $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

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Designer Fashion Retailer - South
Korea
34
42
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
$27.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.6M
2
-
3
0
Fashion Tech (StyleShare)
(# Cos: 230 | $534M)
B2C Commerce (Zig Zag)
(# Cos: 206 | $505M)
Multi Category (ZEPETO)
(# Cos: 106 | $501M)
Inventory-led (Sthsweet.com)
(# Cos: 64 | $331M)
Retailer (Musinsa)
(# Cos: 63 | $331M)
Designer (Balaan)
(# Cos: 3 | $27.6M)
Balaan
(2015, Seoul, $27.6M)
Atney
(1997, Songpa-gu)
Yble
(2021, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Balaan (2015, Seoul)
$27.6M - Series B - Oct 2021

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Fast Five (2015, Seoul)
$27.0M - Series B - Jun 2021
Managed CoWorking Spaces - South
Korea
35
43
Back to index
Commercial Real Estate Tech (ZIGBANG)
(# Cos: 16 | $201M)
CoWorking (Hive Arena)
(# Cos: 5 | $56.2M)
Managed (Fast Five)
(# Cos: 5 | $56.2M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$27.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$56.2M
3
-
5
1
Fast Five
(2015, Seoul, $56.2M)
Hive Arena
(2014, Gangnam)
cociety
(2019, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2022, 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
36
44
Back to index
Crop Tech (Tridge)
(# Cos: 57 | $306M)
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)
Dream Farm
(2012, Sacheon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Vocational Skills Courses - 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
$26.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.8M
5
-
6
2
Continued Learning (BeNative)
(# Cos: 159 | $88.3M)
Vocational (Ringle)
(# Cos: 123 | $84.0M)
Multi Disciplinary (Class101)
(# Cos: 15 | $50.2M)
Online Courses (CLASS101)
(# Cos: 6 | $46.8M)
CLASS101
(2018, Seoul, $36.3M)
Class101
(2015, Seoul, $10.5M)
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

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooter Rentals -
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
$24.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.0M
4
-
7
1
Electric Vehicles (Samsung SDI)
(# Cos: 67 | $95.3M)
Vehicle as a Service (Gbike)
(# Cos: 14 | $24.0M)
Kick Scooters (KICKGOING)
(# Cos: 10 | $24.0M)
Free Float (Swing Mobility)
(# Cos: 7 | $24.0M)
Swing Mobility
(2020, Gangnam, $24.0M)
Gbike
(2017, Seoul)
Alpaca
(2018, Seocho)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swing Mobility (2020, Gangnam)
$24.0M - Series B - Feb 2022

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Digital Twin Based Asset Visualization -
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
$24.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.0M
1
-
2
1
Digital Twin (Urbanbase)
(# Cos: 6 | $45.3M)
Digital Twin Platforms (E8IGHT)
(# Cos: 4 | $25.3M)
Products (TIM Solution)
(# Cos: 4 | $25.3M)
Multi-Industry (Beamo)
(# Cos: 4 | $25.3M)
Asset Visualization (3i)
(# Cos: 2 | $24.0M)
3i
(2017, Mapo-dong, $24.0M)
Beamo
(2017, Seoul)
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

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Document Management - South Korea
40
48
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Digital Transaction Management (ModuSign)
(# Cos: 21 | $32.4M)
Document Management (Aston)
(# Cos: 15 | $30.2M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$21.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.2M
6
-
15
2
Aston
(2017, Seoul, $9.0M)
ePapyrus
(2003, Seongnam-si, $21.2M)
Synapsoft
(2002, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ePapyrus (2003, Seongnam-si)
$21.2M - Series A - Feb 2022

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
MORAI (2018, Yuseong)
$20.8M - Series B - Feb 2022
Autonomous Driving Simulation
Platforms - South Korea
41
49
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Autonomous Vehicles (42dot)
(# Cos: 32 | $216M)
Testing (Automated Vehicle Lab)
(# Cos: 3 | $24.9M)
Simulation (MORAI)
(# 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
$20.8M (▲1056%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.9M
1
-
1
0
MORAI
(2018, Yuseong, $24.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Residential Real Estate Listings - South
Korea
42
50
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Residential Real Estate Tech (Neighborhood)
(# Cos: 28 | $103M)
Listings (ZIGBANG)
(# Cos: 13 | $101M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$20.5M (▲400%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$101M
6
-
13
2
ZIGBANG
(2012, Seoul, $61.9M)
Neighborhood
(2004, Yongsan-gu, $32.9M)
Sugarhill
(2016, Mapo-dong, $2.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Neighborhood (2004, Yongsan-gu)
$16.4M - Series A - Mar 2022
$4.1M - Seed - May 2021

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Lawyer Listing Platforms - South Korea
43
51
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Legal Tech (Legal Tong)
(# Cos: 31 | $35.8M)
Listing Platforms (LawTalk)
(# Cos: 1 | $33.6M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$19.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$33.6M
1
-
1
1
LawTalk
(2013, Seocho, $33.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LawTalk (2013, Seocho)
$19.3M - Series C - Jun 2021

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online English Tutoring - 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
$18.0M (▲102%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$26.9M
5
1
14
1
Continued Learning (Class101)
(# Cos: 159 | $88.3M)
Vocational (CLASS101)
(# Cos: 123 | $84.0M)
Language Learning (HayanMind)
(# Cos: 96 | $33.9M)
English (BeNative)
(# Cos: 49 | $32.9M)
Online Tutoring (Ringle)
(# Cos: 14 | $26.9M)
Ringle
(2015, Gangnam, $26.9M)
Spicus
(2009, Seoul)
llup
(2019, Yeongdeungpo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ringle (2015, Gangnam)
Undisclosed - Series A - Mar 2022
$18.0M - Series A - Jun 2021

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
QueryPie (2019)
$17.8M - Seed - Dec 2021
Data Governance Platforms - South
Korea
45
53
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GRC Software (OpsNow)
(# Cos: 14 | $17.9M)
Governance (Cyberdim)
(# Cos: 3 | $17.9M)
Data Governance (QueryPie)
(# Cos: 2 | $17.9M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$17.8M (▲ >10K%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.9M
2
-
2
1
QueryPie
(2019, $17.9M)
EN-CORE
(1997, Seocho)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Neural Processing Unit - 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
$17.7M (▲297%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.2M
1
-
1
0
Digital ICs (SK hynix)
(# Cos: 25 | $22.2M)
Microprocessors (Nextchip)
(# Cos: 11 | $22.2M)
Artificial Intelligence and Machine
Learning (Blue Dot)
(# Cos: 4 | $22.2M)
Neural Processing Unit (DEEPX)
(# Cos: 1 | $22.2M)
DEEPX
(2018, Seongnam-si, $22.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DEEPX (2018, Seongnam-si)
$17.7M - Series B - May 2021

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Advanced Protein T.. (2001, Suwon-si)
$17.3M - Series B - Nov 2021
Proteomics Research Services - South
Korea
47
55
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Life Sciences Platforms and Tools (Seegene
Technologies)
(# Cos: 204 | $116M)
Research Services (LegoChem Biosciences)
(# Cos: 98 | $55.9M)
Proteomics (Advanced Protein
Technologies)
(# Cos: 2 | $17.3M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$17.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.3M
2
-
2
1
Advanced Protein Techn..
(2001, Suwon-si, $17.3M)
PROTEINA
(2017, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Genomics Drug Discovery Software -
South Korea
48
56
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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
$17.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.0M
3
-
3
1
Life Sciences Tech (Standigm)
(# Cos: 55 | $133M)
Research & Development (3billion)
(# Cos: 51 | $133M)
Drug Discovery (PharmCADD)
(# Cos: 24 | $39.0M)
Genomics (ChunLab)
(# Cos: 15 | $17.0M)
Drug Development (Deargen)
(# Cos: 3 | $17.0M)
Deargen
(2016, Seocho, $17.0M)
Pharos
(2016, Anyang-si)
NetTargets
(2018, Daejeon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Deargen (2016, Seocho)
$17.0M - Series B - Feb 2022

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Alternative Android App Stores - South
Korea
49
57
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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
$15.3M (▼33.7%)
1( <> 0% )
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)
$15.3M - Series B - Jun 2021

58. South Korea Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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South Korea Tech - Top Business Models Report
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