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Kakao Ventures

Founders Jihoon Rim

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 376
Average round size
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The average size of a deal this fund participated in
$23M
Portfolio companies 246
Rounds per year 31.33
Lead investments 39
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.34
Exits 8
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Artificial Intelligence
  • Information Technology
  • Health Care
  • Machine Learning
Summary

In 2012 was created Kakao Ventures, which is appeared as VC. The leading representative office of defined VC is situated in the Seongnam. The fund was located in Asia if to be more exact in South Korea.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the Kakao Ventures, startups are often financed by SparkLabs Accelerator, LB Investment, Altos Ventures. The meaningful sponsors for the fund in investment in the same round are LB Investment, Strong Ventures, Softbank Ventures Asia. In the next rounds fund is usually obtained by Softbank Ventures Asia, Mirae Asset Venture Investment, LB Investment.

Among the most successful fund investment fields, there are Software, Internet. The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is a match between the location of its establishment and the land of its numerous investments - South Korea. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Mojo Vision, The Minerva Project, WhaTap Labs.

This organization was formed by Jimmy Rim. We also calculated 3 valuable employees in our database.

Opposing the other organizations, this Kakao Ventures works on 27 percentage points less the average amount of lead investments. Speaking about the real fund results, this VC is 9 percentage points more often commits exit comparing to other organizations. The fund is generally included in 13-24 deals every year. The high activity for fund was in 2018. Deals in the range of 1 - 5 millions dollars are the general things for fund.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

23rd Century Children

Children
Digital Entertainment
Virtual Reality
$1M25 Sep 2024 Seongnam, Kyonggi-do, South Korea

Trillion Labs

Software
$4M02 Aug 2024 Seoul, Seoul-t'ukpyolsi, South Korea

Albus

Content
Content Creators
Gaming
$435K10 Jul 2024 Seoul, Seoul-t'ukpyolsi, South Korea

WADDLE

Apps
Information Technology
Mobile Payments
Software
$1M13 Jun 2024 Daejeon, Taejon-jikhalsi, South Korea

Wecover Platforms

Artificial Intelligence
Financial Services
InsurTech
Software
$6M11 Jun 2024 Cambridge, Massachusetts, United States

1000jobs

04 Jun 2024 Seoul, Seoul-t'ukpyolsi, South Korea

GPUN

$1M09 May 2024 Seoul, Seoul-t'ukpyolsi, South Korea

Goi

Funerals
Service Industry
$2M18 Apr 2024 Seongnam, Kyonggi-do, South Korea

Sandy Floor

03 Apr 2024 -
News
Business Canvas, a Korea-based document management SaaS company, closes $2.5M seed round

– Business Canvas, a South Korean document management SaaS company, raised $2.5m seed round.
– The round was led by Mirae Asset Venture Investment and joined by Kakao Ventures and Nextrans Inc.
– The company plans to use the funding for accelerating product development and the global launch of an open beta for its AI-powered document management platform.

South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation

– Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162m in a Series D round of funding with a valuation of $2.7bn.
– This round of funding was led by DST Global, with additional participation from Aspex Management, Reverent Partners and existing investors such as Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong Ventures and Capstone Partners.
– The company plan to strengthen its capabilities in local commerce with Danggeun Pay, or Karrot Pay, which is set to launch this year.

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Total investments 376
Average round size 23M
Rounds per year 31.33
Peak activity year 2018
Lead investments 39
Follow on index 0.34
Exits 8
Group Appearance index 0.65

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

23rd Century Children

Children
Digital Entertainment
Virtual Reality
$1M25 Sep 2024 Seongnam, Kyonggi-do, South Korea

Trillion Labs

Software
$4M02 Aug 2024 Seoul, Seoul-t'ukpyolsi, South Korea

Albus

Content
Content Creators
Gaming
$435K10 Jul 2024 Seoul, Seoul-t'ukpyolsi, South Korea

WADDLE

Apps
Information Technology
Mobile Payments
Software
$1M13 Jun 2024 Daejeon, Taejon-jikhalsi, South Korea

Wecover Platforms

Artificial Intelligence
Financial Services
InsurTech
Software
$6M11 Jun 2024 Cambridge, Massachusetts, United States

1000jobs

04 Jun 2024 Seoul, Seoul-t'ukpyolsi, South Korea

GPUN

$1M09 May 2024 Seoul, Seoul-t'ukpyolsi, South Korea

Goi

Funerals
Service Industry
$2M18 Apr 2024 Seongnam, Kyonggi-do, South Korea

Sandy Floor

03 Apr 2024 -
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