Terra Monthly Report for January 2021 provides a snapshot of South Korea's tech sector. Key highlights include: - Total funding in January was $64.1M across 20 rounds. - Terra upgraded to a soonicorn after raising $25M in a Series B round led by Coinbase Ventures. - Other large funding rounds included Green Labs' $18M Series B and Dable's $12M Series C. - New investors in the market were Galaxy Digital, Coinbase Ventures, and Northern Light Venture Capital. - Popular business models receiving funding were digital wallets, discount stock brokers, and online grocery.

1. TRACXN MONTHLY REPORT
JANUARY 2021
SOUTH KOREA TECH

2. South Korea Tech - January 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 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
IPOs 9
Acquisitions 10
Recent News 11

3. South Korea Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
South Korea Tech Snapshot – January 2021
South Korea Tech: Snapshot – January 2021
Note : "Investors" refers to "Institutional Investors" only
3
$64.1M
5 2
Overall Geo Stats
5
1
20
6
7
Funding Rounds $ Invested Analyst Picks
Terra Upgraded to
SOONICORN
New Investors
Galaxy Digital
Coinbase Ventures
Series A+ rounds Active Investors IPOs
Finger
NBT
Acquisitions
Sanha Information
Technology#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Seoul
(4 Rounds, $27.1M)
Gangnam
(2 Rounds, $19M)
Songpa-gu
(1 Rounds, $18M)
$25M - Series B
Terra (2018, Seoul, $57M)
$18M - Series B
Green Labs (2017, Songpa-gu, $28M)
$12M - Series C
Dable (2015, Gangnam, $17.3M)
$7M - Series A
Innospace (2018, Gangnam, $7M)
Hashed
(2 Investments)
Pantera Capital
(1 Investments)
Northern Light Venture
Capital
(1 Investments)
Wish Company
(1 Investments)
Cryptocurrencies
Terra
Blockchain Infrastructure
Crop Tech
Green Labs
Tech for Digital Publishers
Dable
Market Size
Companies Covered 4,998
Funded Companies 2,325
Total Funding $14.6B
Funding in last 12 months $1.7B
Top Exits
IPOs 442
Acquisitions 100
Company Stage
Unicorns 11
Soonicorns 26
Minicorns 110
Editor Picks 605
Series A+ 416
Series C+ 83
Acqui-Hires 1
Deadpooled 404
Top Cities
Seoul (602 Rounds, $4.5B)
Gangnam (155 Rounds, $1.8B)
Top Investors
Korea Investment Partners (55
Investments)
LB Investment (54 Investments)

4. South Korea Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of South Korea Tech as of January 2021
South Korea Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2021)*
Terra
(2018, Seoul, $57.0M)
$25.0M - Series B Coinbase Ventures
Green Labs
(2017, Songpa-gu, $28.0M)
$18.0M - Series B Hashed
Dable
(2015, Gangnam, $17.3M)
$12.0M - Series C SV Investment
Innospace
(2018, Gangnam, $7.0M)
$7.0M - Series A Company K Partners
Picky
(2020, Seoul, $1.3M)
$1.3M - Seed Northern Light Venture Capital
OQUPIE
(2016, Seoul, $782K)
$782K - Seed Hana Ventures
*Shows only the lead Investors

5. South Korea Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in South Korea Tech in January 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
$12.0M - Series C
Dable (2015, Gangnam, $17.3M)
Personalised content discovery platform
SV Investment, KB Investment, K2 Investment Partners,
Kakao Ventures
EARLY STAGE
$7.0M - Series A
Innospace (2018, Gangnam, $7.0M)
Provider of managed co-working spaces
Company K Partners, InterVest, JX Partners, Kolon
Investments
EARLY STAGE
$18.0M - Series B
Green Labs (2017, Songpa-gu, $28.0M)
Provider of cloud-based farm management system
Hashed
EARLY STAGE
$25.0M - Series B
Terra (2018, Seoul, $57.0M)
Decentralized financial infrastructure for payments
Coinbase Ventures, Galaxy Digital, Pantera Capital,
Hashed, Arrington XRP Capital, and 1 more
EARLY STAGE
Series A
Digisonic (2002, Seoul)
Provider of 3D smart in-ear headset for AR/VR
applications
SEED STAGE
$782.0K - Seed
OQUPIE (2016, Seoul, $782.0K)
Online customer support platform for the gaming
industry
Hana Ventures, Honest Ventures
SEED STAGE
$1.3M - Seed
Picky (2020, Seoul, $1.3M)
App based personalized skincare and beauty products
discovery platform
Northern Light Venture Capital, Wish Company,

6. South Korea Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in South Korea Tech in January 2021
South Korea Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Galaxy Digital
28 portfolio companies | Decentralized financial services platform for businesses
Terra
Decentralized financial infrastructure for payments
$25.00M Series B
Coinbase Ventures
38 portfolio companies | Venture capital firm investing in early-stage
cryptocurrency & blockchain startups
Terra
Decentralized financial infrastructure for payments
$25.00M Series B
Wish Company
2 portfolio companies | Brand of natural facial care products
Picky
App based personalized skincare and beauty products discovery
platform
$1.30M Seed
makersgroup.io
1 portfolio companies | Home
Digisonic
Provider of 3D smart in-ear headset for AR/VR applications
Undisclosed Series A
klimvc.com
1 portfolio companies |
Picky
App based personalized skincare and beauty products discovery
platform
$1.30M Seed

7. South Korea Tech - January 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.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲9 Digital Wallets $381M 5 Toss | $173M | Series E
2 ▲9 Discount Stock Brokers $173M 1 Toss | $173M | Series E
3 ▲4
Online Grocery > B2C Ecommerce > Multi Category >
Retailer > Own Delivery Fleet
$163M 1 Kurly | $163M | Series E
4 -- Online Retailer of Home Improvement Products $70.0M 1 Bucketplace | $70.0M | Series C
5 ▲7 Self Drive Car Rentals $52.3M 1 Socar | $52.3M | Series F
6 ▲12
K-12 EdTech > B2B2C Learning Solutions > School
Curriculum > Multi Subject > Online Tutoring
$41.8M 1 Riiid | $41.8M | Series C
7 -- Online Travel Agencies $36.0M 1 My Real Trip | $36.0M | Series B
8 -- Cryptocurrency Payments $25.0M 1 Terra | $25.0M | Series B
9 -- Blockchain Protocol for Financial Services $25.0M 1 Terra | $25.0M | Series B
10 -- Handicraft E-Commerce > Multi Category > Marketplace $24.9M 1 Idus | $24.9M | Series B

8. South Korea Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in South Korea Tech in January 2021
South Korea Tech: Analyst Picks
8
Upgraded to SOONICORN
Terra (2018, Seoul, $25.0M, Series B)
Decentralized financial infrastructure for payments
Voveo Capital, Transform Capital, Huobi and 23 other
Investors
Upgraded to SOONICORN
beNX (2018, Seoul, Unfunded)
Social platform for K-pop fans
Naverand
Added to Editor's Pick
Picky (2020, Seoul, $1.3M, Seed)
App based personalized skincare and beauty products
discovery platform
,Wish Company,Northern Light Venture Capitaland
Added to Editor's Pick
Move Games (2002, Mapo-dong, Unfunded)
Mobile game developer focusing on casual games
Added to Editor's Pick
Genibot (2019, Anyang-si, Unfunded)
Online platform providing coding robot learning
solutions
Added to Editor's Pick
DataHunt (2019, Seocho, Unfunded)
Provider of annotation solutions for training AI models

9. South Korea Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
29 Jan 2021
Finger (2000, Seoul, )
Financial management solutions for banks
$14.4M KRX:163730
21 Jan 2021
NBT (2012, Seocho, )
Developer of mobile lock screen apps
$0.0B KRX:236810
IPOs
List of IPOs in South Korea Tech in January 2021
South Korea Tech: IPOs
9

10. South Korea Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in South Korea Tech in January 2021
South Korea Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
18 Jan 2021
Sanha Information Technology(1994, Geumcheon)
Provider of marketing software solutions for the hospitality
industry
Yanolja

11. South Korea Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in South Korea Tech in January 2021
South Korea Tech:News
11
Exit News
.
● Iyuno Media Group Enters Agreement to Acquire SDI Media PR Newswire
.
● Mahindra Talking to Investor to Offload Majority Ssangyong Stake BloombergQuint
.
● PUBG maker Krafton mulls potential IPO this year Tech in Asia
.
● Mahindra In Talks With An Investor For Majority Stake In Ssangyong; Hopes To
Close Deal In FebruaryCarandbike
.
● Mahindra talking to investor to offload majority Ssangyong stake Livemint
.
● Mahindra engages investors to offload majority stake in SsangYong Business Today
.
● Mahindra says in discussion with potential investor to sell majority stake in
SsangYong Motor TIMES NOW
.
People News
.
● Samsung appoints president, CEO for Southeast Asia and Oceania operations
Telecompaper
.
Company News

12. South Korea Tech - January 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
12
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Editor's Pick
Soonicorn Club
SaaS Companies in South Korea
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Company Due Diligence
Detailed profile of Coupang
Competitors of Toss
Cap Tables of Socar
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