The document outlines the top funded business models in South Korea's tech industry for the past year, highlighting significant investments in areas such as digital wallets, online grocery services, and self-drive car rentals. Key data includes total funding amounts, notable investors, and changes in ranking of various business models based on year-over-year investment. Additionally, it provides insights into recent funding rounds and the distribution of investments across different geographical regions within South Korea.

1. TRACXN TOP BUSINESS MODELS REPORT
January 29, 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
Payments $381M
Horizontal E-Commerce $352M
Investment Tech $191M
Online Grocery $174M
Online Travel $88.3M
Home Improvements $70.0M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
FuturePlay
Korea Investment Partners
SpringCamp
5
4
4
Early
Stage
Shinhan Financial Group
Aju IB Investment
Korean Development Bank
6
5
5
Late
Stage
Sequoia Capital
Goodwater Capital
Altos Ventures Capital
2
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Tmon
(2010, Seoul)
$337M - PE
Toss
(2015, Gangnam)
$173M - Series E
Kurly
(2015, Seoul)
$163M - Series E
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
Riiid
(2014, Gangnam)
$41.8M - Series C
My Real Trip
(2012, Seoul)
$36.0M - Series B
Daangn Market
(2015, Seongnam-si)
$33.0M - Series C
YANADU
(2014, Seocho)
$25.2M - Series B
Terra
(2018, Seoul)
$25.0M - Series B
Seoul (47%)
Gangnam (19%)
Seongnam-si (13%)
Seocho (6%)
Seong-dong (4%)
Others (10%)

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 $381M 5 Toss | $173M | Series E Link
2▲9 Discount Stock Brokers $173M 1 Toss | $173M | Series E Link
3▲4
Online Grocery > B2C Ecommerce > Multi Category
> Retailer > Own Delivery Fleet
$163M 1 Kurly | $163M | Series E Link
4-- Online Retailer of Home Improvement Products $70.0M 1 Bucketplace | $70.0M | Series C Link
5▲7 Self Drive Car Rentals $52.3M 1 Socar | $52.3M | Series F Link
6▲12
K-12 EdTech > B2B2C Learning Solutions > School
Curriculum > Multi Subject > Online Tutoring
$41.8M 1 Riiid | $41.8M | Series C Link
7-- Online Travel Agencies $36.0M 1 My Real Trip | $36.0M | Series B Link
8-- Cryptocurrency Payments $25.0M 1 Terra | $25.0M | Series B Link
9-- Blockchain Protocol for Financial Services $25.0M 1 Terra | $25.0M | Series B Link
10--
Handicraft E-Commerce > Multi Category >
Marketplace
$24.9M 1 Idus | $24.9M | 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 © 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▲43 Ophthalmology > Drugs > Retinal Disorders $23.7M 3 Kanaph | $21.0M | Series B Link
12▲21 Cancer Drugs $21.0M 1 Kanaph | $21.0M | Series B Link
13-- Rare Metabolic Disorder Drugs $20.6M 1 ILIAS Biolog.. | $20.6M | Series B Link
14--
Industrial Robotics > Energy Environment &
Recycling
$16.8M 1 Superbin | $16.8M | Series B Link
15--
Solid Waste Management Tech > Collection > Smart
Kiosks
$16.8M 1 Superbin | $16.8M | Series B Link
16--
Online Health Information > Internet First Media >
Aesthetic Medicine
$15.1M 1 Healing Paper | $15.1M | Series B Link
17--
Healthcare Booking Platforms > Doctors >
Telemedicine > Teleconsultation > Dermatology
$15.1M 1 Healing Paper | $15.1M | Series B Link
18▲66 Online Horizontal Retailer $15.0M 3 Tmon | $337M | PE Link
19-- Conversation AI Platforms $14.2M 1 Skelter Labs | $14.2M | Series B Link
20--
Speech and Voice Recognition > Applications >
Diversified
$14.2M 1 Skelter Labs | $14.2M | 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▲31
Chatbots > Chatbot Development > Conversational
AI Development > Code Based Platforms
$14.2M 1 Skelter Labs | $14.2M | Series B Link
22--
Food Tech > Food Discovery and Ordering > Dine
Out > Listing and Reviews > Restaurants
$14.1M 1 Pirates | $14.1M | Series B Link
23▲34 Local Services > Laundry > Asset-heavy $13.9M 1 Laundrygo | $13.9M | Series B Link
24-- Genetic Engineering Technologies $13.3M 1 Geninus | $13.3M | Series B Link
25-- Secure Messaging $13.0M 1 JANDI | $13.0M | Series B Link
26-- Enterprise Messaging $13.0M 1 JANDI | $13.0M | Series B Link
27-- Remote Team Communication Tools $13.0M 1 JANDI | $13.0M | Series B Link
28--
Investment Tech > Wealth Management IT > White
Label Robo Advisors
$12.1M 1 Fount | $12.1M | Series B Link
29▲29
Tech for Digital Publishers > Content Discovery >
News Content Marketplace
$12.0M 1 Dable | $12.0M | Series C Link
30--
Genomics > Enabling Technologies > Instrument
Systems > Nucleic Acid Analysis > Amplification
$11.6M 1 Genacast | $11.6M | Series B 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▲3 B2B Farm Produce Marketplace $11.0M 1 Tridge | $11.0M | Series B Link
32▲3
Online Grocery > B2B Ecommerce > Farm Produce >
Multi-Category > Marketplace
$11.0M 1 Tridge | $11.0M | Series B Link
33▲3 B2B Fruits and Vegetable Distributor $11.0M 1 Tridge | $11.0M | Series B Link
34▼10
Auto Components > Safety System > Active Safety
System
$10.2M 1 Smart Radar .. | $10.2M | Series B Link
35▼10
Autonomous Vehicles > Enabling Technologies >
Perception > Sensor > Radar
$10.2M 1 Smart Radar .. | $10.2M | Series B Link
36-- Esports Player Organizations $10.0M 1 DRX | $10.0M | Series A Link
37-- Aesthetic Medicines $9.3M 1 ExocoBio | $9.3M | Series C Link
38-- Cell Therapy > Diversified $9.3M 1 ExocoBio | $9.3M | Series C Link
39-- Automotive Sensors $8.0M 1 SOS Lab | $8.0M | Series A Link
40--
Photonics > Quantum Optics > Applications >
Scanning and Surveying > LiDAR
$8.0M 1 SOS Lab | $8.0M | 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 © 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-- Autonomous Vehicles LIDAR $8.0M 1 SOS Lab | $8.0M | Series A Link
42▼20 Diversified Pharmaceuticals > Drugs $6.4M 1 Organoid Scie.. | $6.4M | Series A Link
43-- Portfolio of Regenerative Medicine $6.4M 1 Organoid Scie.. | $6.4M | Series A Link
44-- Product Prototyping Platforms $6.3M 1 ProtoPie | $6.3M | Series A Link
45--
Image Recognition > Applications > Online Retail >
Product Tagging
$6.0M 1 Odd Concepts | $6.0M | Series B Link
46▲22
Beauty Tech > Ecommerce > Multi Category >
Organic > Internet First Brand
$5.7M 2 XATION | $4.0M | Seed Link
47▼3 Blockchain Network $5.0M 2 Terra | $25.0M | Series B Link
48--
Beauty Tech > Discovery and Advice Platforms >
Product Discovery & Recommendations > Personal..
$4.6M 1 Jamface | $4.6M | Series A Link
49-- Volumetric Capture for VR $4.2M 1 TeeVR | $4.2M | Series A Link
50--
Beauty & Personal Care Products > Men's Grooming
> Multi Category
$4.0M 1 XATION | $4.0M | Seed 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
Chai (2018, Seong-dong)
$15.0M - Series A - Feb 2020
InstaPay (2015, Seoul)
$1.2M - Series B - Jun 2020
Digital Wallets - South Korea
01
9
Back to index
Payments (ShinhanCard)
(# Cos: 76 | $1.4B)
Consumer Payments (Hyundai Card)
(# Cos: 26 | $741M)
Wallets (Toss)
(# Cos: 13 | $741M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$381M (▲496%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$741M
7
-
13
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
Discount Stock Brokers - 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
$173M (▲170%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$530M
1
-
1
1
Investment Tech (Wadiz)
(# Cos: 72 | $695M)
Online Trading Platforms (Newsystock)
(# Cos: 26 | $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

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Grocery > B2C Ecommerce > Multi Category > Retailer
> Own Delivery Fleet - 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
$163M (▲39.2%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$346M
2
-
3
1
Online Grocery (Tridge)
(# Cos: 32 | $376M)
B2C Ecommerce (Supermenz)
(# Cos: 22 | $350M)
Multi Category (Wing Eat)
(# Cos: 11 | $350M)
Retailer (HelloNature)
(# Cos: 9 | $350M)
Own Delivery Fleet (Kurly)
(# Cos: 3 | $346M)
Kurly
(2015, Seoul, $346M)
JeongYookGak
(2016, Seongnam-si)
Ace Food Material
(2015, Ansan-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kurly (2015, Seoul)
$163M - Series E - Apr 2020

12. 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
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
$70.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$80.0M
3
-
4
1
Home Improvements (PIUM)
(# Cos: 22 | $80.0M)
B2C Commerce (Home Decorator Representative)
(# Cos: 19 | $80.0M)
Horizontal (House Media)
(# Cos: 5 | $80.0M)
Retailer (Bucketplace)
(# Cos: 4 | $80.0M)
Bucketplace
(2013, Seocho, $80.0M)
House Media
(2015, Gangnam)
Home Decorator Represe..
(2014, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bucketplace (2013, Seocho)
$70.0M - Series C - Nov 2020

13. 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
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
$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: 83 | $368M)
Self Drive Rentals (KICKGOING)
(# 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

14. 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
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
$41.8M (▲132%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$72.3M
1
-
1
1
K-12 EdTech (LUXROBO)
(# Cos: 89 | $136M)
B2B2C Learning Solutions (Space Edu)
(# Cos: 11 | $87.4M)
School Curriculum (Knowre)
(# Cos: 7 | $87.4M)
Multi Subject (TagHive)
(# Cos: 4 | $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

15. 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
07
15
Back to index
Online Travel (Yanolja)
(# Cos: 92 | $1.0B)
Horizontal (Gajago)
(# Cos: 5 | $68.6M)
Online Agency (My Real Trip)
(# Cos: 4 | $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
-
4
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.

16. 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
Cryptocurrency Payments - South Korea
08
16
Back to index
Cryptocurrencies (Korbit)
(# Cos: 215 | $84.8M)
Financial Services (Coinplug)
(# Cos: 144 | $84.8M)
Payments (Terra)
(# Cos: 17 | $57.0M)
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
-
$57.0M
4
-
17
1
Terra
(2018, Seoul, $57.0M)
Nem
(2014, Daegu)
Yap Chain
(2017, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. 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
09
17
Back to index
Blockchain Infrastructure (Penta Security)
(# Cos: 43 | $141M)
Blockchain Network (Nem)
(# Cos: 12 | $70.3M)
Finance (Terra)
(# Cos: 5 | $57.0M)
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
-
$57.0M
2
-
5
1
Terra
(2018, Seoul, $57.0M)
Nem
(2014, Daegu)
TONGTONGCOIN
(2017, Mapo-dong)
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
Handicraft E-Commerce > Multi Category >
Marketplace - South Korea
10
18
Back to index
Handicraft E-Commerce (Bouletta Korea)
(# Cos: 3 | $24.9M)
Marketplace (Idus)
(# 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
0
Idus
(2012, Seoul, $24.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Idus (2012, Seoul)
$24.9M - Series B - Jun 2020

19. 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
S-Alpha Therapeutics (2019, Seocho)
Undisclosed - Seed - Feb 2020
Ophthalmology > Drugs > Retinal
Disorders - South Korea
11
19
Back to index
Ophthalmology (EyeGene)
(# 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%)
3(▲200%)
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.

20. 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
12
20
Back to index
Oncology (Bridge Biotherapeutics)
(# Cos: 110 | $379M)
Drugs (Orum Therapeutics)
(# Cos: 85 | $310M)
Pan Cancer (ABL Bio)
(# Cos: 20 | $132M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$21.0M (▲90.9%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$132M
15
9
20
1
ABL Bio
(2016, Seongnam-si, $93.0M)
Kanaph
(2019, Seoul, $30.0M)
Apta Biotech
(2009, Yongin)
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
ILIAS Biologics (2015, Yuseong)
$20.6M - Series B - Sep 2020
Rare Metabolic Disorder Drugs - South
Korea
13
21
Back to index
Rare Diseases (3billion)
(# Cos: 13 | $54.8M)
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.

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Industrial Robotics > Energy Environment &
Recycling - South Korea
14
22
Back to index
Industrial Robotics (Robotiz)
(# Cos: 46 | $28.6M)
Energy Environment & Recycling (Superbin)
(# Cos: 1 | $16.8M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$16.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.8M
1
-
1
1
Superbin
(2015, Seongnam-si, $16.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Superbin (2015, Seongnam-si)
$16.8M - Series B - Aug 2020

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Superbin (2015, Seongnam-si)
$16.8M - Series B - Aug 2020
Solid Waste Management Tech > Collection >
Smart Kiosks - South Korea
15
23
Back to index
Solid Waste Management Tech (Oyster Able)
(# Cos: 6 | $16.8M)
Collection (Ecube Labs)
(# Cos: 5 | $16.8M)
Smart Kiosks (Superbin)
(# Cos: 1 | $16.8M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$16.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.8M
1
-
1
1
Superbin
(2015, Seongnam-si, $16.8M)
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
Healing Paper (2012, Gangnam)
$15.1M - Series B - Apr 2020
Online Health Information > Internet First Media > Aesthetic
Medicine - South Korea
16
24
Back to index
Online Health Information (BOOST BROTHERS)
(# Cos: 10 | $29.4M)
Internet First Media (Umsun)
(# Cos: 10 | $29.4M)
Aesthetic Medicine (Healing Paper)
(# Cos: 1 | $15.1M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$15.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$15.1M
1
-
1
1
Healing Paper
(2012, Gangnam, $15.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms > Doctors > Telemedicine >
Teleconsultation > Dermatology - South Korea
17
25
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$15.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$15.1M
1
-
2
1
Healthcare Booking Platforms (Goodoc)
(# Cos: 40 | $32.7M)
Doctors (CareDoc)
(# Cos: 17 | $32.7M)
Telemedicine (Medihere)
(# Cos: 11 | $18.3M)
Teleconsultation (TROST)
(# Cos: 11 | $18.3M)
Dermatology (Healing Paper)
(# Cos: 2 | $15.1M)
Healing Paper
(2012, Gangnam, $15.1M)
BBCHAT
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Healing Paper (2012, Gangnam)
$15.1M - Series B - Apr 2020

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Horizontal Retailer - South Korea
18
26
Back to index
Horizontal E-Commerce (Coupang)
(# Cos: 42 | $5.2B)
Retailer (Tmon)
(# Cos: 32 | $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
1
$1.3B
21
3
32
1
Tmon
(2010, Seoul, $337M)
SSG
(1991, Seoul, $938M)
Must It
(2011, Gangnam, $12.5M)
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

27. 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
19
27
Back to index
AI Infrastructure (Odd Concepts)
(# Cos: 30 | $41.7M)
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.

28. 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
20
28
Back to index
Speech and Voice Recognition (Selvas AI)
(# Cos: 15 | $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.

29. 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
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
$14.2M (▲136%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$31.3M
2
-
3
1
Chatbots (42Maru)
(# Cos: 25 | $34.9M)
Chatbot Development (Danbi)
(# Cos: 5 | $31.3M)
Conversational AI Development
(MoneyBrain)
(# Cos: 5 | $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

30. 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
22
30
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
-
5
0
Food Tech (Yogiyo)
(# Cos: 65 | $543M)
Food Discovery and Ordering (Woowa Bros)
(# Cos: 32 | $514M)
Dine Out (Diningcode)
(# Cos: 17 | $50.8M)
Listing and Reviews (MangoPlate)
(# Cos: 9 | $32.2M)
Restaurants (Pirates)
(# Cos: 5 | $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

31. 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
23
31
Back to index
Local Services (Soomgo)
(# Cos: 50 | $56.8M)
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 (▲157%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.9M
4
-
5
2
Laundrygo
(1999, Seoul, $19.3M)
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.

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Genetic Engineering Technologies -
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
$13.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$13.3M
1
-
1
1
Genomics (3billion)
(# Cos: 109 | $134M)
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

33. 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
25
33
Back to index
Cybersecurity (Penta Security)
(# Cos: 106 | $54.8M)
Data Security (Fasoo)
(# Cos: 16 | $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)
Agit
(2016, Jeju-si)
MediStaff
(2017, Gangnam)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. 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
26
34
Back to index
Enterprise Collaboration (Google Docs)
(# Cos: 25 | $77.2M)
Communication (Rsupport)
(# Cos: 11 | $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)
MediStaff
(2017, Gangnam)
MeetTalk
(2015, Seoul)
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
Remote Team Communication Tools -
South Korea
27
35
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

36. 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
28
36
Back to index
Investment Tech (Toss)
(# Cos: 72 | $695M)
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.

37. 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
29
37
Back to index
Tech for Digital Publishers (PUBLISH)
(# Cos: 5 | $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 (▲126%)
1( <> 0% )
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

38. 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
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
$11.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.7M
3
-
5
0
Genomics (3billion)
(# Cos: 109 | $134M)
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

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
B2B Farm Produce Marketplace - South
Korea
31
39
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$11.0M (▲4.8%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$26.7M
4
-
5
2
B2B E-Commerce (B2LiNK)
(# Cos: 29 | $48.2M)
Food & Beverages (Food Pang)
(# Cos: 7 | $26.7M)
Groceries (SEAMON)
(# Cos: 6 | $26.7M)
Farm Products (Meatbox)
(# Cos: 5 | $26.7M)
Marketplace (Tridge)
(# Cos: 5 | $26.7M)
Tridge
(2014, Seoul, $24.2M)
Meatbox
(2015, Seongnam-si, $2.5M)
SEAMON
(2018, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tridge (2014, Seoul)
$11.0M - Series B - Apr 2020

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Online Grocery > B2B Ecommerce > Farm Produce > Multi-
Category > Marketplace - South Korea
32
40
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
$11.0M (▲4.8%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.2M
1
-
2
1
Online Grocery (Kurly)
(# Cos: 32 | $376M)
B2B Ecommerce (SEAMON)
(# Cos: 8 | $26.7M)
Farm Produce (Meatbox)
(# Cos: 6 | $26.7M)
Multi-Category (Agrotrade)
(# Cos: 2 | $24.2M)
Marketplace (Tridge)
(# Cos: 2 | $24.2M)
Tridge
(2014, Seoul, $24.2M)
Agrotrade
(1967, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tridge (2014, Seoul)
$11.0M - Series B - Apr 2020

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
B2B Fruits and Vegetable Distributor -
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
$11.0M (▲4.8%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.2M
1
-
1
1
Crop Tech (n.thing)
(# Cos: 38 | $75.1M)
ECommerce (EasyHydro)
(# Cos: 3 | $24.2M)
Fruits and Vegetables (Agrotrade)
(# Cos: 2 | $24.2M)
E Distributor (Tridge)
(# Cos: 1 | $24.2M)
Tridge
(2014, Seoul, $24.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tridge (2014, Seoul)
$11.0M - Series B - Apr 2020

42. 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
34
42
Back to index
Auto Components (Nexen Tire)
(# Cos: 371 | $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.

43. 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
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
$10.2M (▼28.4%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.4M
1
-
1
1
Autonomous Vehicles (ESV)
(# Cos: 26 | $48.2M)
Enabling Technologies (Hyundai Motor Group)
(# Cos: 17 | $43.9M)
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

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Esports Player Organizations - South
Korea
36
44
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

45. 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
37
45
Back to index
Dermatology (Lutronic)
(# 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)
Medytox
(2000, Seoul)
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
Cell Therapy > Diversified - South Korea
38
46
Back to index
Cell Therapy (Kang Stem Biotech)
(# Cos: 21 | $61.1M)
Diversified (ExocoBio)
(# Cos: 3 | $56.3M)
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
-
$56.3M
3
1
3
1
ExocoBio
(2017, Seoul, $56.3M)
Bio Solution
(2000, Seoul)
S-Biomedics
(2005, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ExocoBio (2017, Seoul)
$9.3M - Series C - Aug 2020

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
SOS Lab (2016, Gwangju)
$8.0M - Series A - Apr 2020
Automotive Sensors - South Korea
39
47
Back to index
Sensors (Dong Woon Anatek)
(# Cos: 95 | $21.5M)
Industry Applications (The Wave Talk)
(# Cos: 26 | $21.2M)
Automotive (SOS Lab)
(# Cos: 6 | $14.0M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$8.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.0M
6
1
6
1
SOS Lab
(2016, Gwangju, $14.0M)
ClairPixel
(2007, Seoul)
Sensortec
(2001, Bucheon-si)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Photonics > Quantum Optics > Applications > Scanning and
Surveying > LiDAR - South Korea
40
48
Back to index
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$8.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.0M
1
-
1
1
Photonics (Park Systems)
(# Cos: 31 | $17.8M)
Quantum Optics (QSI)
(# Cos: 4 | $14.0M)
Applications (PiQuant)
(# Cos: 3 | $14.0M)
LiDAR (SOS Lab)
(# Cos: 1 | $14.0M)
SOS Lab
(2016, Gwangju, $14.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SOS Lab (2016, Gwangju)
$8.0M - Series A - Apr 2020

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Vehicles LIDAR - South
Korea
41
49
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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
$8.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.0M
2
-
3
1
Autonomous Vehicles (ESV)
(# Cos: 26 | $48.2M)
Enabling Technologies (Hyundai Motor Group)
(# Cos: 17 | $43.9M)
Perception (Seoul Robotics)
(# Cos: 12 | $43.9M)
Sensor (Smart Radar System)
(# Cos: 9 | $38.4M)
Lidar (SOS Lab)
(# Cos: 3 | $14.0M)
SOS Lab
(2016, Gwangju, $14.0M)
LiDAR
(2014, Daejeon)
Alien Lidar
(2020, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SOS Lab (2016, Gwangju)
$8.0M - Series A - Apr 2020

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Diversified Pharmaceuticals > Drugs -
South Korea
42
50
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Diversified Pharmaceuticals (TiumBio)
(# Cos: 55 | $247M)
Drugs (OliX Pharmaceuticals)
(# Cos: 55 | $247M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$6.4M (▼58.5%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$247M
41
25
55
1
OliX Pharmaceuticals
(2010, Suwon-si)
TiumBio
(2016, Seongnam-si, $32.9M)
LegoChem Biosciences
(2006, Daejeon, $11.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Organoid Sciences (2019, Seongnam-si)
$6.4M - Series A - Mar 2020

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Portfolio of Regenerative Medicine -
South Korea
43
51
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Regenerative Medicine (Hans Biomed)
(# Cos: 10 | $6.4M)
Diversified (Organoid Sciences)
(# Cos: 2 | $6.4M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$6.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.4M
2
-
2
0
Organoid Sciences
(2019, Seongnam-si, $6.4M)
Curamys
(2018, Seoul)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Organoid Sciences (2019, Seongnam-si)
$6.4M - Series A - Mar 2020

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
ProtoPie (2014, Seoul)
$6.3M - Series A - Feb 2020
Product Prototyping Platforms - South
Korea
44
52
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Product Management Tools (UserHabit)
(# Cos: 5 | $10.8M)
Product Development (Plangram)
(# Cos: 4 | $10.8M)
Prototyping (ProtoPie)
(# Cos: 1 | $10.8M)
Taxonomy
$ Invested in last 1 year in South Korea
Tech
Key Stats
# Funding Rounds in last 1 year in
South Korea Tech
$6.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.8M
1
-
1
1
ProtoPie
(2014, Seoul, $10.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Image Recognition > Applications > Online Retail
> Product Tagging - South Korea
45
53
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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
$6.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.0M
1
-
1
1
Image Recognition (CVT)
(# Cos: 5 | $10.1M)
Applications (Roborus)
(# Cos: 4 | $10.1M)
Online Retail (Staping)
(# Cos: 2 | $10.0M)
Product Tagging (Odd Concepts)
(# Cos: 1 | $10.0M)
Odd Concepts
(2008, Seoul, $10.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Odd Concepts (2008, Seoul)
$6.0M - Series B - Mar 2020

54. 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
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
$5.7M (▲36.7%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$42.3M
4
-
5
0
Beauty Tech (B2LiNK)
(# Cos: 96 | $85.7M)
Ecommerce (Woman's Talk)
(# Cos: 81 | $60.6M)
Multi Category (Althea)
(# Cos: 35 | $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

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Network - South Korea
47
55
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Blockchain Infrastructure (Penta Security)
(# Cos: 43 | $141M)
Blockchain Network (Terra)
(# Cos: 12 | $70.3M)
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(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$70.3M
4
-
12
2
Terra
(2018, Seoul, $57.0M)
Nem
(2014, Daegu)
Icon Foundation
(2017, Yeongdeungpo)
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

56. 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
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
$4.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.6M
1
-
1
0
Beauty Tech (Althea)
(# Cos: 96 | $85.7M)
Discovery and Advice Platforms (Glowdayz)
(# Cos: 8 | $5.9M)
Product Discovery & Recommendations
(CHARIS)
(# Cos: 6 | $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

57. 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
49
57
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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

58. 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
Beauty & Personal Care Products > Men's
Grooming > Multi Category - South Korea
50
58
Back to index
Beauty & Personal Care Products (AmorePacific)
(# Cos: 301 | $112M)
Men's Grooming (MIP)
(# 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.

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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