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Kakao Ventures

Investor type Venture Capital
Founders Jihoon Rim


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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.
Total investments 165
Average round size
The average size of a deal this fund participated in
Portfolio companies 120
Rounds per year 16.50
Lead investments 39
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 7
Key employees 3
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Artificial Intelligence
  • Machine Learning
  • Gaming
  • Mobile

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

Artificial Intelligence
Machine Learning
$53M03 Jun 2022 Seoul, Seoul-t'ukpyolsi, South Korea


3D Technology
Augmented Reality
$4M03 May 2022 Seoul, Seoul-t'ukpyolsi, South Korea

Swatch On

$10M22 Apr 2022 South Korea, Gyeonggi-do, South Korea


Virtual Reality
$36M05 Apr 2022 Singapore, Central Region, Singapore

Wecover Platforms

Artificial Intelligence
Financial Services
24 Feb 2022 Cambridge, Massachusetts, United States


Autonomous Vehicles
$21M07 Feb 2022 South Korea, Gyeonggi-do, South Korea

Karrot Market

Local Advertising
Social Network
$162M17 Aug 2021 South Korea, Gyeonggi-do, South Korea

Artificial Intelligence
Machine Learning
$12M21 Jul 2021 Seoul, Seoul-t'ukpyolsi, South Korea


3D Technology
Augmented Reality
$435K22 Jun 2021 Seoul, Seoul-t'ukpyolsi, South Korea
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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