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1. TRACXN MONTHLY REPORT
AUGUST 2021
SOUTH KOREA TECH

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

3. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech Snapshot – August 2021
South Korea Tech: Snapshot – August 2021
Note : "Investors" refers to "Institutional Investors" only
3
$369M
10 6
Overall Geo Stats
11
30
21
11
Funding Rounds $ Invested Analyst Picks
A.I. Matics
Upgraded to
MINICORN
New Investors
Draper Associates
SEEK
Series A+ rounds Active Investors IPOs
PI Advanced Materials
DEEPNOID
Acquisitions
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Seoul
(7 Rounds, $108M)
Seongnam-si
(2 Rounds, $170M)
Gangnam
(1 Rounds, $85.8M)
$162M - Series D
Daangn Market (2015, Seongnam-si,
$205M)
$85.8M - Series B
Npixel (2017, Gangnam, $112M)
$48M - Series C
JOBKOREA (1996, Seoul, $48M)
$21.5M - Series C
Tikaros (2018, Seoul, $24.4M)
Goodwater Capital
(2 Investments)
SEEK
(2 Investments)
Aju IB Investment
(1 Investments)
DST Global
(1 Investments)
Horizontal E-Commerce
Daangn Market
PC & Console Gaming
Npixel
Mobile Gaming
HRTech
JOBKOREA
Market Size
Companies Covered 5,611
Funded Companies 2,314
Total Funding $18.8B
Funding in last 12 months $4.8B
Top Exits
IPOs 385
Acquisitions 102
Company Stage
Unicorns 12
Soonicorns 31
Minicorns 131
Editor Picks 703
Series A+ 411
Series C+ 85
Acqui-Hires 1
Deadpooled 386
Top Cities
Seoul (601 Rounds, $5.6B)
Gangnam (169 Rounds, $4.3B)
Top Investors
Stonebridge Capital (53 Investments)
LB Investment (53 Investments)

4. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of South Korea Tech as of August 2021
South Korea Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (August 2021)*
Daangn Market
(2015, Seongnam-si, $205M)
$162M - Series D DST Global
Npixel
(2017, Gangnam, $112M)
$85.8M - Series B
JOBKOREA
(1996, Seoul, $48.0M)
$48.0M - Series C SEEK
Tikaros
(2018, Seoul, $24.4M)
$21.5M - Series C Shinhan Venture Capital
A.I. Matics
(2019, Seoul, $13.9M)
$13.9M - PE Keistone Partners
Urbanbase
(2013, Seoul, $20.0M)
$11.1M - Series B Hanwha
Bank Salad
(2012, Seoul, $31.0M)
$8.7M - Series C Kia Motors
Speclipse
(2015, Seongnam-si, $10.6M)
$8.0M - Series A SIGNITE PARTNERS
Quotabook
(2019, Seoul, $5.1M)
$5.0M - Series A Draper Associates
SodaCrew
(2016, , $4.9M)
$4.9M - Series A
Korea Development Bank
Europe
*Shows only the lead Investors

5. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in South Korea Tech in August 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
$8.7M - Series C
Bank Salad (2012, Seoul, $31.0M)
Money management platform
Kia Motors
LATE STAGE
$13.9M - PE
A.I. Matics (2019, Seoul, $13.9M)
Offers AI & web-based autonomous delivery
self-driving vehicles for logistics
Keistone Partners
LATE STAGE
$21.5M - Series C
Tikaros (2018, Seoul, $24.4M)
Developer of immunotherapies for the treatment of
cancer
Shinhan Venture Capital, UTC Investment, Woori
Investment Bank, KOSME
LATE STAGE
$48.0M - Series C
JOBKOREA (1996, Seoul, $48.0M)
Job board
SEEK
LATE STAGE
$162.0M - Series D
Daangn Market (2015, Seongnam-si, $205.0M)
Location-based classifieds platform for multi-category
products
DST Global, Aspex Management, reverentpartners,
SoftBank Ventures Asia, Strong Ventures, and 4 more
EARLY STAGE
$4.9M - Series A
SodaCrew (2016, , $4.9M)
App-based gifting platform offering multi-category gifts
for various occasions
Korea Development Bank Europe, Aju IB Investment, ,
SK Securities, Big Basin Capital
EARLY STAGE
$5.0M - Series A
Quotabook (2019, Seoul, $5.1M)
Cloud-based equity administration solutions for
businesses
Draper Associates, Goodwater Capital, Carta, Elefund
EARLY STAGE
$8.0M - Series A
Speclipse (2015, Seongnam-si, $10.6M)
Provider of molecular spectroscopy systems for
early-stage skin cancer detection
SIGNITE PARTNERS, BNH INVESTMENT, Mico,
MiCoBioMed, Shinhan Financial Group
EARLY STAGE
$11.1M - Series B
Urbanbase (2013, Seoul, $20.0M)
SaaS-driven 3D digital twin modelling platform
Hanwha

6. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in South Korea Tech in August 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
$85.8M - Series B
Npixel (2017, Gangnam, $111.6M)
Video game developer focusing on core games
SEED STAGE
Seed
JOBBAND (2004, Seoul)
Online job portal for multi-industry
SEEK

7. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in South Korea Tech in August 2021
South Korea Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Draper Associates
128 portfolio companies | Seed and early stage VC firm investing in the US
Quotabook
Cloud-based equity administration solutions for businesses
$5.00M Series A
SEEK
31 portfolio companies | Job board platform for multiple industries
JOBBAND
Online job portal for multi-industry
Undisclosed Seed
Elefund
12 portfolio companies | Early-stage centric tech-focused VC Firm investing in
geographies such as the US
Quotabook
Cloud-based equity administration solutions for businesses
$5.00M Series A
Mico
1 portfolio companies | Location based social networking app
Speclipse
Provider of molecular spectroscopy systems for early-stage skin cancer
detection
$8.00M Series A
Carta
3 portfolio companies | Equity management solutions for businesses
Quotabook
Cloud-based equity administration solutions for businesses
$5.00M Series A
Keistone Partners
1 portfolio companies | Limited information available
A.I. Matics
Offers AI & web-based autonomous delivery self-driving vehicles for
logistics
$13.90M PE
MiCoBioMed
1 portfolio companies | Glucose monitoring and surface plasmon sensors, and
devices
Speclipse
Provider of molecular spectroscopy systems for early-stage skin cancer
detection
$8.00M Series A
SK Securities
1 portfolio companies | Limited information available
SodaCrew
App-based gifting platform offering multi-category gifts for various
occasions
$4.87M Series A
Woori Investment Bank
1 portfolio companies | M&A advisory firm
Tikaros
Developer of immunotherapies for the treatment of cancer
$21.48M Series C
capstonepartners.com
1 portfolio companies |
Daangn Market
Location-based classifieds platform for multi-category products
$162M Series D

8. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in South Korea Tech in August 2021
South Korea Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
reverentpartners
1 portfolio companies | Home | reverentpartners
Daangn Market
Location-based classifieds platform for multi-category products
$162M Series D

9. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Hotel Aggregators $1.7B 1 Yanolja | $1.7B | Series E
2 <> 0 Digital Wallets $470M 2 Toss | $410M | Series F
3 ▲1 Account Linked Expense Aggregation $410M 1 Toss | $410M | Series F
4 ▲78 Car Ride Hailing $375M 3 Kakao Mobility | $200M | Series C
5 ▲3 Online Test Preparation Tutoring $175M 1 Riiid | $175M | Series D
6 -- Film Subtitling Software $160M 1 IYUNO Media G.. | $160M | Series D
7 -- Video Closed Captions and Subtitles $160M 1 IYUNO Media G.. | $160M | Series D
8 ▲30 Drugs for Multiple Cancer Types $116M 6 Orum Therape.. | $54.0M | Series B
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 - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in South Korea Tech in August 2021
South Korea Tech: Analyst Picks
10
Upgraded to MINICORN
A.I. Matics (2019, Seoul, $13.9M, PE)
Offers AI & web-based autonomous delivery
self-driving vehicles for logistics
Keistone Partnersand
Added to Editor's Pick
Visual Camp (2014, Seoul, Undisclosed, Seed)
Provider of eye tracking solution for VR HMD and
smartphones
SKT Incubator, Daedeok Venture Partners, Capstone
Partners and 3 other Investors
Added to Editor's Pick
Daeyoung Chaebi (2017, Daegu, $4.3M, Seed)
Developer of electric vehicle charging infrastructure
Kakao Investmentand
Added to Editor's Pick
SodaCrew (2016, , $4.9M, Series A)
App-based gifting platform offering multi-category gifts
for various occasions
Aju IB Investment, Big Basin Capital, and 2 other
Investors
Added to Editor's Pick
XATION (2018, Gangnam, $4.0M, Seed)
Internet first brand offering beauty care products
Korea Investment Partners,Schroder Venture
Partnersand
Added to Editor's Pick
Vinetree (2012, Seocho, Unfunded)
Developer of online social platform for gamers
Added to Editor's Pick
DOLOBOX (2016, Seoul, $1.7M, Series A)
Online retailer of multiple animal healthcare products
Seoul Techno Holdings, BASS Investment, Big Basin
Capital and 2 other Investors
Added to Editor's Pick
Synapsoft (2002, Seoul, Unfunded)
Online platform for document management
Added to Editor's Pick
a2z (2019, Gyeongsan, $1.9M, Seed)
Provider of end-to-end solution for autonomous driving

11. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in South Korea Tech in August 2021
South Korea Tech: Analyst Picks
11
Added to Editor's Pick
Yoil (2016, Gangnam, Unfunded)
App based platform offering recommendations about
brands for consumers
Added to Editor's Pick
Hyde (2020, Gangnam, Unfunded)
App based retail platform offering luxury multi-brand
multi-category fashion products
Added to Editor's Pick
AON (2018, Gunpo, Unfunded)
Manufacturer of industrial-grade 3D printers for
printing dental implants
Magellan Technology Investmentand
Added to Editor's Pick
Prompie (2016, Guro-gu, Unfunded)
Online platform providing tutor discovery solutions
D.CAMPand
Added to Editor's Pick
Collabo Ground (2017, Mapo-dong, Unfunded)
Provider of SaaS-based suite solution for salons
TBTand
Added to Editor's Pick
Ncube (2012, Yuseong, Unfunded)
Video game developer focusing on AR games
Added to Editor's Pick
DOUB (2016, Gangnam, Unfunded)
Provider of an AI and NLP-enabled text analytic
platform for multiple applications
Added to Editor's Pick
Colondee (2012, Gangnam, Unfunded)
Developer of multi-category dating mobile applications
Added to Editor's Pick
Toss Bot (2021, Seoul, Unfunded)
Provider of an AI and cloud-enabled Telegram chatbot
system for stock trading
Added to Editor's Pick
CrowdWorks (2000, Seoul, Unfunded)
Provider of an annotation platform for AI models
Added to Editor's Pick
SensorCane (2017, Seongnam-si, Unfunded)
Provider of IoT sensors
Added to Editor's Pick
AgileSoDA (2015, Gangnam, Unfunded)
Provider of AI-based solutions for business automation

12. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
09 Aug 2021
PI Advanced Materials (2008, Anyang-si, )
Provider of polyimide films for multiple applications
KRX:178920
17 Aug 2021
DEEPNOID (2008, Guro-dong, )
AI based platform for medical imaging
$0.0B KRX:315640
06 Aug 2021
KakaoBank (2016, Jeju-si, )
Internet-first bank for individuals & businesses
$1.9B KRX:323410
25 Aug 2021
ViGenCell (2013, Seocho, )
Developer of T-cell therapy for tumour development
$0.1B KRX:308080
10 Aug 2021
Krafton (2007, Seongnam-si, $13.0M)
Video game developer and publisher
$3.8B KRX:259960
19 Aug 2021
Brains (2000, Seoul, )
Cloud based ITSM management solution provider
$0.0B KRX:99390
IPOs
List of IPOs in South Korea Tech in August 2021
South Korea Tech: IPOs
12

13. South Korea Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in South Korea Tech in August 2021
South Korea Tech:News
13
Exit News
.
● KakaoBank to Raise $2.2 Billion as Korean IPO Boom Continues BloombergQuint
.
● Krafton, the maker of PUBG and Battleground Mobile India, is worth $19 billion
Business Today
.
● Netmarble acquires SpinX Games for $2.19bn Mobile Marketing Magazine
.
● SK hynix expects China to approve $9 bil. Intel NAND biz acquisition The Korea
Times
.
● Online mall SSG.com begins preparations for IPO The Korea Times
.
● GS’ acquisition of Hugel to change domestic BTX, bio markets koreabiomed.com
.
● KT confirms Kbank's IPO in 2023 The Korea Times
.
● Krafton humbles on its debut day, trading below IPO price Pulse
.
People News
.
● Serify's massive growth leads to the expansion of the global team with
important hirings in several areas of t... Business Wire
.
● Doosan Robotics Appoints Experienced Global Business Strategist William
(Junghoon) Ryu As New CEO AiThority
.
● Hanwha scion hires executives from Samsung, LG, Doosan The Korea Times
● Intel Senior Vice President to Head SK Hynix's New Subsidiary in the U.S.
Businesskorea
.
● Jeff Stelmach Joins GES as Global President Brand Experiences CNW
.
Regulatory News
.
● Coupang slapped with W3.3b fine for unfair trade practices Korea Herald

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

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