About ABLY
ABLY is a company based in Seoul (South Korea) founded in 2018 by Seok-Hoon Kang. ABLY has raised $76.9 million across 3 funding rounds from investors including Alibaba.com, LB Investment and Kolon Investments. ABLY offers products and services including Style Commerce Platform and Chain Platform. ABLY operates in a competitive market with competitors including Tmon, Musinsa, Brandi, Rapo Labs and 11st, among others.
- Headquarter Seoul, South Korea
- Founders Seok-Hoon Kang
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name 에이블리코퍼레이션
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$76.9 M (USD)
in 3 rounds
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Latest Funding Round
$71 M (USD), Series B
Dec 02, 2024
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Investors
Alibaba.com
& 2 more
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Employee Count
Employee Count
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Products & Services of ABLY
ABLY offers a comprehensive portfolio of products and services, including Style Commerce Platform and Chain Platform.
Platform for buying and selling user styles online
Tool for designing and distributing personal products
People of ABLY
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Funding Insights of ABLY
ABLY has successfully raised a total of $76.9M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $71 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $71.0M
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First Round
First Round
(08 Jun 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series B - ABLY | Valuation |
investors |
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| Apr, 2024 | Amount | Series A - ABLY | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - ABLY | Valuation | LB Investment , Kolon Investments |
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Investors in ABLY
ABLY has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba.com, LB Investment and Kolon Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth-stage private equity investments are targeted across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital and private equity are invested in various sectors.
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Founded Year | Domain | Location | |
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Multi-category products are facilitated through an online B2B cross-border marketplace.
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Founded Year | Domain | Location |
Investments & Acquisitions by ABLY
Financial Statements - ABLY
Ably Comparisons
Competitors of ABLY
ABLY operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tmon, Musinsa, Brandi, Rapo Labs and 11st, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category products are retailed online by Tmon.
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| domain | founded_year | HQ Location |
Musinsa is recognized as a global fashion platform.
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| domain | founded_year | HQ Location |
Multi-category fashion products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Online fashion application for women's clothing purchases is offered.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for various consumer goods categories.
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| domain | founded_year | HQ Location |
Products in diverse categories are offered through an e-commerce platform.
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Latest news on Ably
Frequently Asked Questions about ABLY
ABLY was founded in 2018 and raised its 1st funding round 1 year after it was founded.
ABLY is headquartered in Seoul, South Korea.
Seok-Hoon Kang is the current CEO of ABLY. They have also founded this company.
ABLY is a funded company, having raised a total of $76.9M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.9M, raised on Jun 08, 2019.
Online shopping platform offering a wide range of fashion products. The product catalog includes shirts, shorts, pants, skirts, shoes, slippers, handbags, jewelry, eyewear, watches, and more.
ABLY's top competitors include Musinsa, Tmon and Gmarket(eBay Korea).
ABLY offers Style Commerce Platform and Chain Platform.
ABLY has 3 investors. Key investors include Alibaba.com, LB Investment, and Kolon Investments.