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.
Notable deals
Company | Industry | Round Size | Date | Investors | Location |
23rd Century Children | $1M | 25 Sep 2024 | Seongnam, Kyonggi-do, South Korea | ||
Trillion Labs | $4M | 02 Aug 2024 | Seoul, Seoul-t'ukpyolsi, South Korea | ||
Albus | $435K | 10 Jul 2024 | Seoul, Seoul-t'ukpyolsi, South Korea | ||
WADDLE | $1M | 13 Jun 2024 | Daejeon, Taejon-jikhalsi, South Korea | ||
Wecover Platforms | $6M | 11 Jun 2024 | Cambridge, Massachusetts, United States | ||
1000jobs | 04 Jun 2024 | Seoul, Seoul-t'ukpyolsi, South Korea | |||
GPUN | $1M | 09 May 2024 | Seoul, Seoul-t'ukpyolsi, South Korea | ||
Goi | $2M | 18 Apr 2024 | Seongnam, Kyonggi-do, South Korea | ||
Sandy Floor | 03 Apr 2024 | - |
– 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.
– 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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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
23rd Century Children | $1M | 25 Sep 2024 | Seongnam, Kyonggi-do, South Korea | ||
Trillion Labs | $4M | 02 Aug 2024 | Seoul, Seoul-t'ukpyolsi, South Korea | ||
Albus | $435K | 10 Jul 2024 | Seoul, Seoul-t'ukpyolsi, South Korea | ||
WADDLE | $1M | 13 Jun 2024 | Daejeon, Taejon-jikhalsi, South Korea | ||
Wecover Platforms | $6M | 11 Jun 2024 | Cambridge, Massachusetts, United States | ||
1000jobs | 04 Jun 2024 | Seoul, Seoul-t'ukpyolsi, South Korea | |||
GPUN | $1M | 09 May 2024 | Seoul, Seoul-t'ukpyolsi, South Korea | ||
Goi | $2M | 18 Apr 2024 | Seongnam, Kyonggi-do, South Korea | ||
Sandy Floor | 03 Apr 2024 | - |