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1. TRACXN MONTHLY REPORT
NOVEMBER 2021
SOUTH KOREA TECH

2. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
2
South Korea Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 9
New Analyst Picks 10
IPOs 12
Recent News 13

3. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
South Korea Tech Snapshot – November 2021
South Korea Tech: Snapshot – November 2021
Note : "Investors" refers to "Institutional Investors" only
3
$578M
11 4
Overall Geo Stats
14
30
12
12
Funding Rounds $ Invested Analyst Picks
ZEPETO Upgraded
to UNICORN
New Investors
dgvc.co.kr
NSG Ventures
Series A+ rounds Active Investors IPOs
Geninus
Maum.ai
Acquisitions
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Seoul
(6 Rounds, $380M)
Geumcheon
(2 Rounds, $30.3M)
Gangnam
(2 Rounds, $30.3M)
Seocho
(2 Rounds, $30.3M)
$150M - Series B
ZEPETO (2018, Seongnam-si, $155M)
$88.3M - Series A
42dot (2019, Seoul, $130M)
$75.2M - Series B
Korbit (2013, Seoul, $78.6M)
$72M - Series C
r.square (2009, Seoul, $77.3M)
Shinhan Financial Group
(2 Investments)
WE Ventures
(2 Investments)
Google
(1 Investments)
LG
(1 Investments)
Online Photos
ZEPETO
Social Platforms
Autonomous Vehicles
42dot
Cryptocurrencies
Korbit
Market Size
Companies Covered 6,123
Funded Companies 2,380
Total Funding $20.4B
Funding in last 12 months $5.6B
Top Exits
IPOs 390
Acquisitions 107
Company Stage
Unicorns 14
Soonicorns 33
Minicorns 136
Editor Picks 749
Series A+ 424
Series C+ 88
Acqui-Hires 1
Deadpooled 388
Top Cities
Seoul (613 Rounds, $6.2B)
Gangnam (175 Rounds, $4.4B)
Top Investors
Stonebridge Capital (54 Investments)
LB Investment (50 Investments)

4. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of South Korea Tech as of November 2021
South Korea Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (November 2021)*
ZEPETO
(2018, Seongnam-si, $155M)
$150M - Series B SoftBank Vision Fund
42dot
(2019, Seoul, $130M)
$88.3M - Series A Hyundai Motor Company
Korbit
(2013, Seoul, $78.6M)
$75.2M - Series B
r.square
(2009, Seoul, $77.3M)
$72.0M - Series C STIC Investments
People's Fund
(2015, Seoul, $85.1M)
$63.4M - Series C Bain Capital
Lunit
(2013, Seoul, $135M)
$61.0M - Series C Health Quest Capital
DEXLEVO
(2012, Geumcheon, $21.9M)
$21.9M - Series B Magna Investment
Haim Bio
(2011, Seoul, $20.0M)
$20.0M - Series B
Advanced Protein
Technologies
(2001, Suwon-si, $17.3M)
$17.3M - Series B
Content Lab Blue
(2018, Geumcheon, $10.9M)
$8.4M - Series A Korea Investment Partners
*Shows only the lead Investors

5. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in South Korea Tech in November 2021
South Korea Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$61.0M - Series C
Lunit (2013, Seoul, $135.0M)
Provider of AI-based disease radiology image analysis
and diagnostic platform for healthcare providers
Health Quest Capital, Casdin Capital, BrightEdge,
Tybourne Capital Management, NSG Ventures
LATE STAGE
$63.4M - Series C
People's Fund (2015, Seoul, $85.1M)
P2P marketplace for consumer and business loans
Bain Capital, CLSA Capital Partners, Goldman Sachs,
500 Global
LATE STAGE
$72.0M - Series C
r.square (2009, Seoul, $77.3M)
Online listing platform for commercial properties
STIC Investments
LATE STAGE
Series C
Mathpresso (2015, Gangnam, $69.8M)
Homework assistance provider
Google
EARLY STAGE
$8.4M - Series A
Content Lab Blue (2018, Geumcheon, $10.9M)
Online comic book reading platform
Kona Company, WE Ventures, , Korea Investment
Partners, Crit Ventures
EARLY STAGE
$17.3M - Series B
Advanced Protein Technologies (2001, Suwon-si,
$17.3M)
Developer of biomaterials based on recombinant
protein production technology
EARLY STAGE
$20.0M - Series B
Haim Bio (2011, Seoul, $20.0M)
Developer of anticancer drug that block metabolic
pathways
EARLY STAGE
$21.9M - Series B
DEXLEVO (2012, Geumcheon, $21.9M)
Developer of biopolymer-based therapeutics for skin
disease
Smile Gate Investment, Hyundai Venture Investment,
Magna Investment, Shinhan Financial Group
EARLY STAGE
$75.2M - Series B
Korbit (2013, Seoul, $78.6M)
App-based exchange platform for cryptocurrency

6. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in South Korea Tech in November 2021
South Korea Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$88.3M - Series A
42dot (2019, Seoul, $129.9M)
Provider of cloud-enabled mobility platform for
autonomous transportation services
Hyundai Motor Company, Shinhan Financial Group,
Lotte Rental, Lotte Accelerator, Kia Motors, and 4 more
EARLY STAGE
$150.0M - Series B
ZEPETO (2018, Seongnam-si, $154.6M)
Online personalized 3D character creation and photo
editing app
SoftBank Vision Fund
SEED STAGE
Seed
AndusChain (2018, Seocho)
Public blockchain network platform for the sustainable
economic ecosystem

7. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in South Korea Tech in November 2021
South Korea Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
dgvc.co.kr Content Lab Blue
Online comic book reading platform
$8.39M Series A
NSG Ventures
1 portfolio companies | Venture capital fund focused on biotech startups
Lunit
Provider of AI-based disease radiology image analysis and diagnostic
platform for healthcare providers
$61.00M Series C
Casdin Capital
130 portfolio companies | Life Sciences & Tech focused VC firm that makes
investments in the US
Lunit
Provider of AI-based disease radiology image analysis and diagnostic
platform for healthcare providers
$61.00M Series C
WINVEST
1 portfolio companies | Diversified asset management firm
42dot
Provider of cloud-enabled mobility platform for autonomous
transportation services
$88.27M Series A
sk-square.com
1 portfolio companies | Limited information available
Korbit
App-based exchange platform for cryptocurrency
$75.22M Series B
Tybourne Capital Management
16 portfolio companies | Long-only strategy hedge fund
Lunit
Provider of AI-based disease radiology image analysis and diagnostic
platform for healthcare providers
$61.00M Series C
Crit Ventures
Venture capital fund focused on multiple sectors
Content Lab Blue
Online comic book reading platform
$8.39M Series A
BrightEdge
7 portfolio companies | Venture capital firm focused on healthtech startups
Lunit
Provider of AI-based disease radiology image analysis and diagnostic
platform for healthcare providers
$61.00M Series C
davichholdings.vdtrxn
1 portfolio companies |
AndusChain
Public blockchain network platform for the sustainable economic
ecosystem
Undisclosed Seed
Health Quest Capital
28 portfolio companies | Tech & life sciences focused VC firm funding companies
in the US
Lunit
Provider of AI-based disease radiology image analysis and diagnostic
platform for healthcare providers
$61.00M Series C

8. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in South Korea Tech in November 2021
South Korea Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Lotte Rental
1 portfolio companies | Provider of car rental services
42dot
Provider of cloud-enabled mobility platform for autonomous
transportation services
$88.27M Series A
WE Ventures
3 portfolio companies | Venture capital fund investing in tech startups led by
women
Content Lab Blue
Online comic book reading platform
$8.39M Series A
CLSA Capital Partners
14 portfolio companies | REIT firm
People's Fund
P2P marketplace for consumer and business loans
$63.40M Series C
Bain Capital
83 portfolio companies | VC and PE fund investing in multiple sectors
People's Fund
P2P marketplace for consumer and business loans
$63.40M Series C

9. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Hotel Aggregators $1.7B 1 Yanolja | $1.7B | Series E
2 ▲76 Car Ride Hailing $888M 4 Kakao Mobility | $478M | Series C
3 ▼-1 Digital Wallets $470M 2 Toss | $410M | Series F
4 ▼-1 Account Linked Expense Aggregation $410M 1 Toss | $410M | Series F
5 ▲2 Online Test Preparation Tutoring $175M 1 Riiid | $175M | Series D
6 ▲12 Drugs for Multiple Cancer Types $120M 5 Orum Therape.. | $54.0M | Series B
7 ▲38 Online Fashion Retailer $115M 1 Musinsa | $115M | Series D
8 ▲28 Autonomous Vehicle Fleet Management $88.3M 1 42dot | $88.3M | Series A
9 ▲3 PC and Console Core MMO Game Developers $85.8M 1 Npixel | $85.8M | Series B
10 ▲3 Mobile MMO Game Developers $85.8M 1 Npixel | $85.8M | Series B

10. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in South Korea Tech in November 2021
South Korea Tech: Analyst Picks
10
Upgraded to UNICORN
ZEPETO (2018, Seongnam-si, $4.6M, Series A)
Online personalized 3D character creation and photo
editing app
JYP Entertainment,SoftBank Vision Fundand
Upgraded to SOONICORN
People's Fund (2015, Seoul, $11.0M, Series B)
P2P marketplace for consumer and business loans
Access Ventures, DAYLI Financial Group, 500 Startups
and 11 other Investors
Upgraded to SOONICORN
42dot (2019, Seoul, $88.3M, Series A)
Provider of cloud-enabled mobility platform for
autonomous transportation services
Lotte Accelerator, LIG Nex1, Timewise Investment and
13 other Investors
Upgraded to SOONICORN
r.square (2009, Seoul, $1.4M, Series A)
Online listing platform for commercial properties
SoftBank Ventures Asia,STIC Investments,Yahoo
Japanand
Upgraded to MINICORN
Advanced Protein Technologies (2001, Suwon-si,
$17.3M, Series B)
Developer of biomaterials based on recombinant
protein production technology

11. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in South Korea Tech in November 2021
South Korea Tech: Analyst Picks
11
Added to Editor's Pick
Puzzle1Studio (2019, Seongnam-si, Unfunded)
Developer of mobile-based puzzle games
Added to Editor's Pick
Joins Prime (1999, Mapo-dong, Unfunded)
SaaS-based digital newsstand for magazines and
newspapers
Added to Editor's Pick
Eoshin (, Jeju-si, Unfunded)
Provider of fishing intelligence software
Added to Editor's Pick
AndusChain (2018, Seocho, Undisclosed, Seed)
Public blockchain network platform for the sustainable
economic ecosystem
Added to Editor's Pick
THEONE GAMES (2014, Bucheon-si, Unfunded)
Mobile game development studio focusing on
multiplayer games
Added to Editor's Pick
HAZZYS (1999, Gangnam, Unfunded)
Internet first brand offering multi-category fashion
products for men and women
Added to Editor's Pick
Sellbuymusic (2016, Seoul, Unfunded)
Online platform offering royalty free music for content
creators

12. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
08 Nov 2021
Geninus (2018, Songpa-gu, $13.3M)
Developer of genomic-based disease prevention platform
$0.2B KRX:389030
23 Nov 2021
Maum.ai (2014, Seongnam-si, )
Provides chatbot development services
$0.1B KRX:377480
01 Nov 2021
Enchem (2012, Jecheon, )
Developer of electrolytes
$0.5B KRX:348370
03 Nov 2021
Kakao Pay (2012, Seongnam-si, $332M)
Digital wallet for consumer payments
$9.9B KRX:377300
IPOs
List of IPOs in South Korea Tech in November 2021
South Korea Tech: IPOs
12

13. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in South Korea Tech in November 2021
South Korea Tech:News
13
Exit News
.
● SsangYong Motor signs MoU for stake sale to Edison Motors Pulse
.
● SK Hynix to acquire South Korea-based chip contract manufacturer for $492
million Gadgets Now
.
● Krafton: Diversifying Genres and Expanding Development Capabilities through
M&A Businesskorea
.
● Ant-Backed Payments Firm Kakaopay Jumps on Market Debut in Seoul The Wall
Street Journal
.
● Grocery Startup Kurly Seeks $5.9B Valuation After IPO PYMNTS.com
.
● Gamevil acquires Zenaad to build out NFT business Pocket Gamer
.
● Netmarble Neo puts off IPO until it is ready to roll out new title Pulse
.
● Kakao Pay IPO: App More Than Doubles on Trading Debut Coinspeaker
.
Fund News
.
● Bezos Earth Fund Raises Investment Commitment to Nature to $3B Global
Company News
.
● Lunit's AI Software for Breast Cancer Detection Wins U.S. FDA Clearance
Businesskorea
.
● ICURE's Donepezil patch for the treatment of Alzheimer's disease has been
approved for the first time in the world Business Wire

14. South Korea Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about South Korea Tech on Tracxn Platform
South Korea Tech: Explore more on Tracxn Platform
14
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in South Korea
AI Companies in South Korea
Fintech Companies South Korea
Consumer Digital in South Korea
Company Due Diligence
Detailed profile of Coupang
Competitors of Yanolja
Cap Tables of Kakao Mobility
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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